- Select a blog category
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.
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.
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.
On 11th June, in an effort to strengthen national security, the UK Government adopted a set of new regulations to reinforce its merger and takeover scrutinising ability.
On 8th May 2018 President Donald Trump announced the United States’ (U.S.) withdrawal from the Joint Comprehensive Plan of Action (JCPOA) and renewal of U.S. far reaching sanctions. The Agreement, signed in 2015 between Iran, the P5+1 (China, France, Russia, United Kingdom, United States—plus Germany) and the European Union (EU), aimed to curb Iran’s efforts to develop its nuclear program and enrich uranium.
The information security section of the EU dual-use regulations, Category 5 Part 2, has been modified to provide a positive list of controls to improve transparency and clarity around the applicability of these controls. The previous versions of Category 5 Part 2 had applied a broad brush control to encryption items and then sought to decontrol by exception.
U.S. Department of Justice (DOJ) – Enhanced Security Plan Sets Best Practices for Use of Cloud Services for Sensitive Data
In December 2017 a global software company serving the telecommunications industry settled charges with the U.S. Department of Justice for violating U.S. controls on foreign access to sensitive data, including export controlled information. As part of the settlement, the company agreed to implement an Enhanced Security Plan designed to increase information security by regulating remote access to company networks and transfers of sensitive data.
December 2017 brought major updates to India’s trade policy, with the country’s accession to the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies (Wassenaar Arrangement or WA) and the government’s release of a ‘Mid-term Review of Foreign Trade Policy (FTP) in December 2017’ (‘the Review’). These changes have broad implications for exporters operating in India and deserve careful attention across compliance functions, from export controls to tax.
Our Global Export Controls and Sanctions team at Deloitte aligns all of its efforts around providing trusted services to our clients and partners while also making the world a safer place.
The Sanctions and Anti-Money Laundering Bill (the Bill) introduced to the House of Lords on Wednesday 18th October 2017 paves the way for the United Kingdom’s sanctions and anti-money laundering (AML) framework ahead of Brexit. The Bill’s intention is to ensure that when the United Kingdom (UK) leaves the European Union (EU), the UK can continue to impose, lift, amend, and update sanctions and AML regimes: these include financial sanctions, arms embargoes and trade control restrictions, international travel bans, and money laundering regulations.