Follow

International Compliance blog Blog

Articles: 1-10 of 499

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…

Proposed Rule Lays Out Who Will Have Access to New Corporate Beneficial Ownership Information

USA - January 3 2023 On December 16, FinCEN issued a Notice of Proposed Rulemaking (NPRM) entitled “Beneficial Ownership Information Access and Safeguards, and Use of…

UK Introduces New Wave of Russia Financial and Trade Sanctions

European Union, Global, Russia, United Kingdom - December 21 2022 On December 15, 2022, The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 (“Amendment 17”) were laid before parliament. Amendment…

Price Cap Coalition Selects Level for Cap on Price of Seaborne Russian-Origin Crude Oil

Global, Russia, USA - December 13 2022 On December 2, 2022, the G7, EU, and Australia (Price Cap Coalition) jointly agreed upon a cap on the price of seaborne Russian-origin crude oil at…

OFAC Publishes Determination and Guidance on Implementing the Price Cap Policy for Russian Crude Oil

Global, Russia, USA - November 29 2022 On November 22, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a determination pursuant to Executive…

UK Government Publishes Guidance on the UK Ban on Oil and Oil Products

Global, Russia, United Kingdom - November 23 2022 On November 21, 2022, the UK Department for Business, Energy and Industrial Strategy published guidance on the UK ban on Russian oil and oil products…

OFSI Publishes Guidance on the UK Maritime Services Prohibition and Oil Price Cap

Russia, United Kingdom, USA - November 15 2022 On November 14, 2022, HM Treasury’s Office of Financial Sanctions Implementation (“OFSI”) published detailed guidance on the recently published ban…