Trump Imposes New Sanctions on Russia

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On Friday, 2 August 2019, after growing pressure from the United States Congress to take further punitive action, Trump Administration announced new economic sanctions against Russia for the alleged use of banned chemical weapons in an attempt to poison a former Russian spy, Sergei Skripal, and his daughter, Yulia, in Salisbury, United Kingdom (U.K.), in March 2018.

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Posted on 12/08/2019

New OFAC Reporting Requirement for Any Sanctions Rejected Transaction

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The United States (U.S.) Office of Foreign Assets Control (OFAC) has imposed a new reporting requirement on U.S. persons for transactions or property “blocked” (property being frozen) or “rejected” (declining of financial transactions or transactions in goods or services), “where processing or engaging in the transaction would nonetheless violate” OFAC sanctions.

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Posted on 01/08/2019

China’s Ministry of Commerce Introduces an Unreliable Entity List

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On 31st May 2019, China's Ministry of Commerce ("MOFCOM") announced that the country will introduce an 'Unreliable Entity List' (UEL).

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Posted on 23/07/2019

Customs Alert Thailand – TCWMD Act updates

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Introduction

We would like to inform you that the Thai TCWMD Act (Trade Controls on Weapons of Mass Destruction related Items) has received Royal assent and will be effective on 1st January 2020. What to know? The TCWMD Act was published in the Royal Gazette on 30th April 2019.

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Posted on 04/06/2019

BIS Puts New Controls on Some Emerging Technologies

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The United States Bureau of Industry and Security (“BIS”) has published regulations to implement changes agreed at the annual Wassenaar Arrangement (WA) Plenary to control “emerging technology” items under the Commerce Control List (“CCL”).

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Posted on 03/06/2019

Office of Foreign Assets Control (OFAC) Compliance Commitments Framework

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On the 5th of May, the United States (US) Department of Treasury Office of Foreign Assets Control (OFAC) published new guidance on adopting a risk-based approach to manage sanctions compliance, including a suggested framework for a Sanctions Compliance Program (SCP).

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Posted on 10/05/2019

No Deal Brexit: New OGEL Published for Dual-Use Exports to the EU

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The Department for International Trade published a new Open General Export Licence (OGEL) on 1st February 2019 to cover the export of controlled dual-use items to EU Member States after Brexit. The licence will come into force at 11pm on 29th March 2019, if the UK leaves the EU without a deal.

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Posted on 05/03/2019

Modernising Your Compliance Programme Event – 07 December 2018

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The Deloitte Regulatory Risk team are excited to inform you that we will be holding an event focused on modernising your compliance programme at our London office on 07 December 2018.

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Posted on 05/11/2018

Brexit and export controls: the ‘no deal’ scenario

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The Export Control Joint Unit (ECJU) of the Government of the United Kingdom has released a guidance document detailing the effect of exporting controlled goods in a ‘no deal’ Brexit scenario. 

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Posted on 31/08/2018

UK Government Relaxes Restrictions on Arms Exports to Argentina

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The UK government has changed its policy on arms exports to Argentina. On 27 June 2018, the government announced that it would consider granting export licences for military and dual-use goods and technology to military end users in Argentina, so long as such items were not judged to enhance Argentine military capabilities.

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Posted on 30/07/2018