|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...|
Limited easing of certain Iran sanctions
On 20 January 2014, as part of the Joint Plan of Action, the U.S. and EU have implemented "limited, targeted, temporary and reversible" relief from certain sanctions measures in return for Iran's agreement to commence the winding down of certain aspects of its nuclear program. This limited easing is valid for a six-month period only, until 20 July 2014, and if there is no comprehensive agreement with Iran by that time, those EU and U.S. sanctions that have been temporarily suspended will come back into force. We have outlined below key aspects of this development and its impact on U.S. companies (and their non-U.S. subsidiaries) as well as on foreign companies that are not ultimately owned or controlled by U.S. persons/entities.
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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