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International Compliance blog Blog

Articles: 1-10 of 210

Russian State Duma Proposes to Criminalize Compliance with US and EU Sanctions and Adopts Retaliatory Measures

European Union, Russia, USA - May 24 2018 On May 14, a cross-party group of Russian lawmakers at the Russian State Duma, the lower house of the Federal Assembly of Russia, introduced an…

OFAC Issues General License Extending Authorization for Dealings with GAZ Group

Ukraine, USA - May 23 2018 Yesterday, OFAC issued General License No. 15 under the Ukraine-Related Sanctions Regulations (31 C.F.R. Part 589), authorizing the maintenance or…

A Brief Explanation of the EU Blocking Statute Process in Support of the JCPOA

European Union, USA - May 21 2018 On May 18, the Commission announced the launch of the formal process to activate the EU “blocking statute” (Council Regulation (EC) 2271/96) by…

EU Moves to Reactivate Blocking Statute, Launches Other Initiatives Regarding Iran

European Union, Iran, USA - May 18 2018 Here’s the official press release. The EU Blocking Regulation, which in its heyday was only sparingly (if ever) enforced with respect to Iran, is now…

The Plot Thickens: EU Prepares to Invoke Blocking Regulation in Response to U.S. Withdrawal from JCPOA

European Union, Iran, USA - May 17 2018 As the world seeks to come to grips with President Trump’s withdrawal from the JCPOA, it appears that the European Union will play one of its…

President Tweets About ZTE, Broader U.S.-China Issues

China, USA - May 15 2018 As if there were any doubt that we now live in an age in which the President’s Twitter feed is must-read content for those impacted by U.S. economic…

AML CDD Rule for Certain U.S. Financial Institutions Effective Today

USA - May 11 2018 The FinCEN Customer Due Diligence Requirements for Financial Institutions, known as the CDD Rule or the “Fifth Pillar,” becomes effective today for…

OFAC Eases Maintenance/Wind-Down and Divestment Restrictions in New General Licenses

Ukraine, USA - May 9 2018 On May 1, OFAC issued two amended general licenses under the Ukraine-Related Sanctions Regulations (URSR). General License No. 12B, superseding…

President Trump Withdraws United States from Iran Nuclear Agreement

Iran, United Kingdom, USA - May 8 2018 Today, President Trump announced “that the United States will withdraw from the Iran nuclear deal” and issued a National Security Presidential…

President Trump to Announce Decision on Iran Deal Tomorrow at 2:00 PM EST

Iran, USA - May 7 2018 President Trump tweeted earlier today that he will be announcing his decision regarding the Iran nuclear agreement tomorrow at 2:00 PM EST: We will…