|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...|
Export Control Reform Initiative: New ECCN Series
The rule is a highly anticipated part of the Export Control Reform Initiative to set forth a framework for aligning the CCL with the United States Munitions List (USML). According to BIS, the purpose of the final rule is to transparently identify and classify emerging technologies that have significant security and foreign policy implications for the United States. BIS further notes that the new temporary holding classification is the equivalent of USML Category XXI (Miscellaneous Articles), but with a limitation that while an item is temporarily classified under ECCN 0Y521, the U.S. Government will work to adopt a control through the relevant multilateral regime(s); to determine an appropriate longer-term control over the item; or determine that the item does not warrant control on the CCL.
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