Archives: Export Controls & Sanctions

Subscribe to Export Controls & Sanctions RSS Feed

OFAC Targets Venezuelan Executive Vice President and Others Under Drug Trafficking Sanctions

On 13 February, the Office of Foreign Assets Control (OFAC) published the names of two individuals and 13 entities designated for blocking sanction under the Kingpin Act for involvement in narcotics trafficking. These included Venezuelan Vice President Tareck Zaidan El Aissami Maddah, and his business partner Samark Jose Lopez Bello, and a network of US and … Continue Reading

EU Removes Five Vessels from its North Korea Sanctions

The EU has removed five vessels from its sanctions against North Korea, implementing a UN decision to de-list them at the end of 2016. The EU had listed these vessels on its sanctions on North Korea for being operated or managed by listed entity Ocean Maritime Management Company. Commission Implementing Regulation 2017/80 amends Council Regulation … Continue Reading

Developments Regarding the Revision of the Dual-Use Export Control Regime

On 28 September 2016, the European Commission published its proposal to “modernise and strengthen” the EU’s dual-use export control regime as laid out by Regulation (EC) No. 428/2009. Now that the commissioner’s proposal has been published, it must be examined by the council and the European Parliament. All three must agree in order to adopt … Continue Reading

EU Removes Entities From Iran Sanctions Lists

The EU has reviewed its nuclear sanctions targeting Iran, as well as judgments of the General Court and the European Court of Justice, annulling listings on those measures and has confirmed that various entities do not appear anymore on the EU’s sanctions lists, they include Moallem Insurance Company, Petropars Operation & Management Company, Petropars Resources … Continue Reading

EU Adds New Information Regarding People Listed on EU Sanctions Against Egypt

The EU Council has issued a notification for the attention of all the individuals listed on the EU’s sanctions who are said to have misappropriated Egyptian state funds, stating that the council holds on its file new elements concerning them and that they may submit a request to the council to obtain the information that … Continue Reading

Trump Administration Imposes New Iran Sanctions

In response to recent ballistic missile testing activities by the Islamic Republic of Iran, the Trump administration, on 3 February 2017, issued its first economic sanctions, adding 13 individuals and 12 entities to the Office of Foreign Assets Control (OFAC) list of specially designated nationals and blocked persons. The designations were made under counter-proliferation and … Continue Reading

BIS Issues New Rules for Exports and Re-exports to Hong Kong

Effective 19 April 2017, a new rule issued by the Department of Commerce, Bureau of Industry and Security (BIS) will require exporters or re-exporters of certain items subject to the Export Administration Regulations (EAR) to obtain and maintain proof of import or export authorization issued by the government of Hong Kong. Under the rule, persons … Continue Reading

BIS Postpones Implementation of AT Controls on Software for Certain 3D992 Oscilloscopes and Transient Recorders

In accordance with the 20 January 2017 executive memorandum entitled ‘‘Regulatory Freeze Pending Review,’’ the US Department of Commerce, Bureau of Industry and Security (BIS) has delayed the implementation of changes to the export control classification of software specially designed for the development, production or use of certain oscilloscopes and transient recorders controlled under 3A992.d … Continue Reading

UK Export Control Organisation (ECO) Publishes New Guidance on Using SPIRE

On 9 January 2017, the ECO published new guidance on how to use SPIRE to get an export licence. The guidance sets out the various steps required for completion before exports can use SPIRE. These steps include registering and having available: the EORI number; the export control classification of the items in question; the supporting … Continue Reading

UK Export Control Organisation (ECO) Updates Sixteen Open Licences

The UK ECO has published a notice that it has updated and amended 16 open licences including 13 open general export licences (OGELs), two open general transshipment licences (OGTLs) and an open general trade control licence (OGTCL). The reason for the change is due to a planned update to the Military List to reflect the … Continue Reading

Developments Regarding the Revision of the Dual- Use Export Control Regime

On 28 September 2016, the European Commission published its proposal to “modernise and strengthen” the EU’s dual-use export control regime as laid out by Regulation (EC) No. 428/2009. Now that the commissioner’s proposal has been published, it must be examined by the council and the European Parliament. All three must agree in order to adopt … Continue Reading

EU Renews Sanctions Against Tunisia

On 27 January 2017, the EU extended until 31 January 2018 its asset freezing measures on individuals, associated persons and entities deemed to be responsible for the misappropriation of state funds in Tunisia. The sanctions, which were first introduced on 31 January 2011, lists 48 people. Implementing Regulation 2017/149 implements Regulation 101/2011 and Decision 2017/153 … Continue Reading

EU Renews All Autonomous Counter-Terrorism Listings

The EU has renewed the entirety of the listings under the EU’s autonomous counter-terrorism sanctions regime that targets individuals and groups who are involved in worldwide terrorism, including Hizballah, Hamas and FARC. Implementing Regulation (EU) 2017/150 implements Regulation 2580/2001 and repeals Implementing Regulation (EU) 2016/1127 and Decision 2017/154 updates Common Position 2001/931/CFSP and repeals Decision … Continue Reading

EU Renews Listings Under its Sanctions Against Ukraine’s Territorial Integrity

On 17 January 2017, the EU published a notice addressed to 50 individuals and seven entities designated under its sanctions related to the territorial integrity, sovereignty and independence of Ukraine, stating that it intends to maintain the restrictive measures against these individuals and entities with new statements of reasons. The sanctions target individuals and entities … Continue Reading

EU Diplomats Support Keeping Sanctions Against Russia Over Ukraine

Following a recent European Council meeting on 6 February, EU foreign ministers have stated that sanctions against Russia must remain in force until it helps end fighting in eastern Ukraine. Foreign policy chief Federica Mogherini stated that the EU will never recognise Russia’s 2014 annexation of the Crimean Peninsula and insisted that all sides must … Continue Reading

US Export Controls Workshop: “The ITAR Continues to EARvolve!” – Stratford-Upon-Avon, UK – 12-14 June 2017

Squire Patton Boggs’ Aerospace, Defense & Government Services Industry Group will co-host the three-day ITAR and EAR workshop sessions, popularly known as “The ITAR Virus EARvolves!“, with EGADD and Strategic Shipping Company Ltd. This year marks the 10th anniversary of these annual workshops, as the ITAR and the EAR continue to evolve. The 2017 conference will … Continue Reading

Upcoming/New CFIUS Filing: Sonaca S.A. and LMI Aerospace

Status:  Upcoming/New Filing   Acquirer:  Sonaca S.A. (Belgium) Acquired:  LMI Aerospace, Inc. (US) Value:  US$14/Share (total value unknown) Industry:  Aerospace   On February 16, 2017, LMI Aerospace, Inc., a St. Louis based global supplier of structural assemblies, kits and components and provider of engineering services to the commercial, business and regional and military aerospace markets, … Continue Reading

South Korea and Japan Announce New Sanctions on North Korea

In response to its recent nuclear and ballistic missile tests, South Korea and Japan have announced that they are imposing new unilateral sanctions on North Korea. The announcements directly follow the UN Security Council’s decision to impose new sanctions on North Korea. Japan is set to impose asset freezes on more people and entities that … Continue Reading

UK’s OFSI Consultation on New Civil Penalties for Sanctions Breaches

The Office of Financial Sanctions Implementation (OFSI) is currently consulting on its draft guidance on monetary penalties for breaches of financial sanctions within the context of new civil powers in the Policing and Crime Act 2017. This guidance sets out how OFSI will assess whether to impose monetary penalties and how those penalties will be … Continue Reading
LexBlog