|After the UK Brexit referendum of 23 June the implications on the political, economic and legal relations between the UK and the EU have been discussed from many angles. But what about...|
Expanded Iran sanctions will reach non-US subsidiaries
The new legislation also contains a number of other new restrictions that expand the Iran Sanctions Act, as amended in 2010, primarily targeting the petroleum, petrochemical, oil and natural gas, and financial sectors. Those extra-territorial measures apply to the activities of non-U.S. entities even if they have no U.S. nexus. The legislation also contains sanctions with respect to human rights abuses in Syria and Iran. For more information about this new legislation, see the Hogan Lovells client alert.
The Department of Energy (DOE) recently published its revised Part 810 Guidance on compliance with the amended Part 810 Regulations on nuclear export controls (10 C.F.R. Part 810). The 2015 ...24 June 2016
FinCEN Designates North Korea as a Jurisdiction of Primary Money Laundering Concern, Triggering Additional Due Diligence Requirements for Financial Institutions
Pursuant to the North Korea Sanctions and Policy Enhancement Act of 2016’s requirement that the Secretary of the Treasury determine whether North Korea is a jurisdiction of...16 June 2016