|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...|
OFAC eases sanctions against Burma (Myanmar)
OFAC also added two new entries to the list of Specially Designated Nationals (SDNs), prohibiting U.S. persons from engaging in transactions with those entities. Moreover, the President issued a new Executive Order on the same day, providing additional legal basis for imposing sanctions against persons and entities that threaten the peace, security, or stability of Burma, including those responsible for human rights abuses in Burma and those who conduct arms trade with North Korea.
For more information on the scope of authorized activities under these new General Licenses, including the reporting requirements that apply to certain new investments in Burma, please see Hogan Lovells Economic Sanctions 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