|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...|
U.S. Easing of Burma Sanctions Announced by President Obama
As of Friday, May 18, OFAC had not yet issued a general license to effectuate this easing of US sanctions, but the agency is expected to act shortly. The United States has not yet specified whether the general license(s) will have any restrictive provisions, conditions, or time limitations. Dealings with certain entities and persons who are Specially Designated Nationals and Blocked Persons (SDNs) are likely to remain prohibited due to sanctions imposed by specific legislation.
We will continue to provide updates on any new developments via this blog and client alerts.
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