Historically, corporate sanctions compliance programs have tended to focus primarily on ensuring that products and services are not sold or diverted to prohibited customers or sanctioned territories. There has often been less focus on the entirety of the supply chain, particularly the significant sanctions compliance risks that can arise upstream…
On 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six targets affiliated with the Islamic State of Iraq and Syria (“ISIS”), including an entity allegedly posing as a charity (and its director) based in Afghanistan that allegedly provided support to ISIS’ branch…
On 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six targets affiliated with the Islamic State of Iraq and Syria (“ISIS”), including an entity allegedly posing as a charity (and its director) based in Afghanistan that allegedly provided support to ISIS’ branch…
On July 17, 2020, the Federal Emergency Management Agency (“FEMA“) published a request for comments on the letter of attestation process in connection with the export restrictions on certain personal protection equipment (“PPE“). These restrictions were imposed earlier this year in response to the COVID-19 pandemic. Our previous blog posts…
On July 14, 2020, President Trump issued Executive Order 13936 “The President’s Executive Order on Hong Kong Normalization” (the “Hong Kong Normalization EO”), which directs the suspension or elimination of special and preferential treatment for Hong Kong under a wide range of US laws, setting the stage for Hong Kong…
Baker McKenzie has launched the new COVID-19 Product Import/Export Review (“COVID-19 PIER”), a multijurisdictional tracker that will help companies stay on top of export restrictions and import measures related to products in actual or feared short supply during the pandemic. As companies seek to protect their personnel and re-open operations…
On 7 April 2020, the Federal Emergency Management Agency filed a temporary final rule (Rule) in the Public Inspection issue of the Federal Register to establish export restrictions on certain types of personal protective equipment products (PPE Products) used in the response to the COVID-19 pandemic. The Rule became effective immediately upon filing in the Public Inspection issue and will remain in effect for 120 days from its publication, i.e., until 8 August 2020.
The Novel Coronavirus outbreak continues to have a substantial impact across the globe. As of the writing of this post, more than 87,000 cases of the Coronavirus disease (COVID-19) have been identified in 60 countries and territories around the world, claiming the lives of 2,977 people. Travel restrictions are becoming increasingly tighter…
Play webinar Our lawyers present a session on the effects of the possible reintroduction of UN and EU sanctions on Iran given recent developments concerning the Joint Comprehensive Plan of Action and Iran more broadly.