On 27 February 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations in response to the “gross violations of human rights” by the Iranian regime. These amendments list an additional twelve individuals under Schedule 1 of the regulations and entered into force on 23 February 2023.
Baker McKenzie’s Sanctions Blog published the alert titled Canada Imposes Additional Sanctions Against Russia: 129 Individuals and 63 Entities Targeted on 28 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 22 February 2023, the US Department of Justice announced a new voluntary self-disclosure policy for corporate criminal enforcement in all 94 United States Attorneys’ Offices across the country. This new voluntary self-disclosure policy is a response to Deputy Attorney General Lisa Monaco’s 15 September 2022 Memorandum insisting all DOJ divisions develop a self-disclosure policy, to the extent one does not already exist. Other DOJ components, including the Criminal Division, have already taken steps to issue or update their own policies on this topic.
Baker McKenzie’s Sanctions Blog published the alert titled US Government Imposes New Sanctions, Export Controls, and Tariffs Targeting Russia and Belarus to Mark One-Year Anniversary on 25 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 22 February 2023, the US Department of Justice (DOJ) announced a new voluntary self-disclosure policy for corporate criminal enforcement in all 94 United States Attorneys’ Offices (USAOs) across the country.
This new voluntary self-disclosure policy is a response to Deputy Attorney General Lisa Monaco’s 15 September 2022 Memorandum (“Monaco Memo”) insisting all DOJ divisions develop a self-disclosure policy, to the extent one does not already exist. Other DOJ components, including the Criminal Division, have already taken steps to issue or update their own policies on this topic.
On 16 February 2023, Canada announced amendments to the Special Economic Measures (Haiti) Regulations in response to “acts that threaten the peace, security, and stability of Haiti.” These amendments list an additional two individuals under the Schedule of the Regulations and took effect on 15 February 2023.
Baker McKenzie’s Sanctions Blog published the alert titled US and UK sanction cyber criminals in coordinated action on 17 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled OFAC Issues Russian Petroleum-related Determinations, Updates Guidance on Implementation of the Price Cap Policy, and Amends Related General Licenses on 17 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 9 February 9, the US Department of the Treasury’s Office of Foreign Assets Control issued Syria General License 23, “Authorizing Transactions Related to Earthquake Relief Efforts in Syria.” General License 23 authorizes transactions related to earthquake relief efforts in Syria that would otherwise be prohibited by the Syrian Sanctions Regulations through 12:01 p.m. eastern daylight time, 8 August 2023.
Throughout January and February 2023, Baker McKenzie’s Canadian international trade team is publishing a series of articles focusing on developing Canadian trade compliance issues. This article focuses on developments under Canada’s Free Trade Agreements.