Guidance
Today, after President Biden issued a new Executive Order, Treasury issued the following Directive under it: OFFICE OF FOREIGN ASSETS CONTROL DIRECTIVE 1 UNDER EXECUTIVE ORDER OF APRIL 15, 2021 BLOCKING PROPERTY WITH RESPECT TO SPECIFIED HARMFUL FOREIGN ACTIVITIES OF THE GOVERNMENT OF THE RUSSIAN FEDERATION Pursuant to sections 1(a)(iv), […]
Canada issues advisory on doing business with Myanmar-related entities April 13, 2021 – Ottawa, Ontario – Global Affairs Canada The Government of Canada today issued an advisory for Canadian companies doing business with Myanmar-related entities. The Government of Canada expects Canadian companies active abroad, in any market or country, to […]
OFAC updated 4 Frequently Asked Questions (FAQs) today about the Trade Sanctions Reform and Export Enhancement Act, or TSRA: 97. What format options are permitted for submitting license applications pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA)? Answer OFAC permits two format options for submitting TSRA […]
884. Do non-U.S. persons, including nongovernmental organizations (NGOs) and foreign financial institutions, risk exposure to U.S. secondary sanctions pursuant to the Caesar Syria Civilian Protection Act of 2019 (Caesar Act) for activities that would be authorized under the Syrian Sanctions Regulations (SySR)? Answer With respect to non-U.S. persons, OFAC will not […]
Updated guidance comes into force OFSI’s updated version of its monetary penalty guidance comes into force today, 1 April 2021. Any breaches reported to OFSI on or after this date will be assessed using this new guidance. This is the first update to the monetary penalty guidance since May 2018. It incorporates […]
A bunch of country-specific Frequently Asked Questions (FAQ) documents … see below. Also giving a link to the entire page if you want to see some of the others… Links: BIS FAQ listings BIS FAQ documents – Cuba, Hong Kong/China, Hong Kong/China Recordkeepting, Huawei Entity Listing, Russia Oil and Gas […]
Guidance Exporting military or dual-use technology: definitions and scope Updated 22 March 2021 Contents Who export controls apply to Basis of export controls on technology Technology: definition and scope Technology transfer: scope Export controls exemptions Export licences Case studies Definitions This advice sets out: how we define technology the scope […]
Yesterday, OFAC added the following 2 entities: MYANMA ECONOMIC HOLDINGS PUBLIC COMPANY LIMITED (a.k.a. MYANMAR ECONOMIC HOLDING LIMITED; a.k.a. “MEHL”), 51*Mahabandoola Road 189/191, Botataung, Rangoon 11161, Burma; Registration Number 156387282 (Burma) [BURMA-EO14014]. MYANMAR ECONOMIC CORPORATION LIMITED (a.k.a. MYANMAR ECONOMIC CORPORATION; a.k.a. “MEC”), Corner of Ahlone Road & Kannar Road, Ahlone Township, […]
Guidance Crown exemption for controlled military list equipment and technology owned by the UK MOD Exemptions from export and trade control licences for controlled military goods owned by the Crown. From: Ministry of Defence, Department for International Trade, and Export Control Joint Unit Published: 10 September 2012 Last updated: 19 March 2021, see […]
Publication of updated FINTRAC client identification, record keeping and other guidance FINTRAC has updated its record keeping, client identification, beneficial ownership, and correspondent banking guidance to reflect regulatory amendments coming into force on June 1, 2021, and its foreign branches, foreign subsidiaries and affiliates requirements guidance by aligning its formatting with recently published guidance pieces. Please note that […]
