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In this video, partners Kerry Contini and Alex Lamy share their advice to companies navigating the rapidly evolving sanctions landscape. As rules become more restrictive, companies should brace themselves for increased compliance risks and routinely review their compliance programs. It is also critical to prepare for cross-border investigations that require a technical understanding of the nuanced rules and their interplay across multiple jurisdictions.

On 14 June 2023, the US Treasury Department’s Office of Foreign Assets Control published a Fact Sheet providing a helpful consolidated summary of the various existing exemptions, exceptions, and authorizations relating to the provision of humanitarian assistance that are available under certain US sanctions programs to respond to the COVID-19 pandemic. The Fact Sheet is informational only and does not supersede any legal obligations or create new, or modify existing, exemptions, exceptions, or authorizations.

On 19 June 2023, Canada announced further amendments to the Special Economic Measures (Iran) Regulations in response to Iran’s “gross and systematic violations of human rights in different branches of Iran’s Revolutionary Courts.” These amendments list an additional seven individuals under Schedule 1 and entered into force on 19 June 2023.