The Steptoe International Compliance blog offers a fresh and fulsome take on the issues that arise in the world of international regulatory enforcement and compliance, with a focus on the dynamic fields of export controls, economic sanctions, anti-corruption, and more.
Articles: 1-10 of 505
[UPDATED] OFAC Publishes Determinations and Guidance on Implementing the Price Cap Policy for Russian Crude Oil and Petroleum Products
Russia, USA - February 21 2023 In this blog post, we update our earlier post regarding OFAC’s determination and guidance on implementing the price cap policy for Russian crude oil…
OFSI and ECJU Issue General Licences for Earthquake Relief in Syria
Syria, Turkey, United Kingdom - February 16 2023 On February 15, 2023, HM Treasury’s Office of Financial Sanctions Implementation (“OFSI”) issued General Licence INT/2023/2711256 (“GL”) in relation…
OFAC Issues General License for Earthquake Relief in Syria
Syria, USA - February 15 2023 Recognizing the importance of humanitarian aid to support rescue and recovery efforts in Syria, the US Department of the Treasury, Office of Foreign…
UK Sanctions Russian Cybercrime Gang and Issues New Guidance on Sanctions and Ransomware
European Union, Russia, United Kingdom - February 15 2023 On February 9, 2023, the UK announced the designation of seven individuals said to be part of a Russia-based cybercrime gang under the UK’s thematic…
UK Expands Guidance on the Supply of Professional and Business Services to Persons Connected with Russia
Russia, United Kingdom - February 13 2023 On February 7, 2023, the UK Department for International Trade (“DIT”) published an expanded version of its guidance on supplying professional and…
UK Oil Price Cap for Russian Refined Oil Products Comes into Effect
Russia, United Kingdom - February 7 2023 On February 5, 2023, the UK ban imposed by Part 5, Chapter 4IA of The Russia (Sanctions) (EU Exit) Regulations 2019, as amended (“Russia…
BIS Extends Advanced Computing and Semiconductor Rules to Macau
China, USA - January 19 2023 On January 17, 2023, the US Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule (the “January 17 rule”)…
In Unprecedented Action FinCEN Identifies Virtual Currency Exchange as Primary Money Laundering Concern
USA - January 19 2023 On January 18, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order identifying the virtual…
New Sanctions Authority for Theft of U.S. Trade Secrets by Foreign Persons
China, USA - January 11 2023 On January 5, 2023, President Biden signed into law the Protecting American Intellectual Property Act of 2022 (the Act). The Act requires periodic…
US Treasury Implements Humanitarian Authorizations Across Sanctions Programs to Comply with UN Resolution
Global, USA - January 11 2023 On December 20, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued or amended general licenses (GLs) and FAQs…
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