BIS stops export licences, two reports on Sanctions (Syria & Russia), China actions against US, AML Guide on High Risk Indicators & More
Colleagues,
Welcome to this week’s edition of Export Control & Sanctions Watch, where we provide a comprehensive overview of the latest developments in global sanctions, export controls, and anti-money laundering (AML) regulations.
We are finding out that BIS paused new export license reviews for applications submitted after February 5, 2025, raising concerns within the export community about the impact on operations. We are taking a closer look.
Two new briefings from the European Parliament on sanctions in 2025 on Syria and Russia. You can access them both in the Export Control & Sanctions Watch.
Meanwhile, EU leaders are discussing strengthening defence capabilities, focusing on air and missile defence, military mobility, and strategic enablers. They plan to hold further discussions in March and June 2025. This can affect military export controls. We take a look.
Also, the U.S. Bureau of Industry and Security (BIS) amended its January 2025 rule on additional due diligence measures for advanced computing integrated circuits, revising the license requirement for ECCN 3A090, effective February 11, 2025, with comments due by March 14, 2025.
China has added PVH Group and Illumina to its Unreliable Entity List. Depending on the situation, potential measures include restrictions on imports, exports, investments, personnel entry, and fines. We have details.
Part 3 of our ALM Guide is released: Read about “High-Risk AML Indicators in Business” and allow you to download the summary table of the 2024 Corruption Perceptions Index (CPI) highlights global corruption risks, emphasises its implications for export control and sanctions professionals, as corruption in high-risk countries can facilitate illicit activities, undermine compliance, and exacerbate issues like climate change, making the CPI a vital tool for improving due diligence, risk management, and compliance strategies.
There is also a new Sanctions guide detailing EU, US and UK Sanctions rules on Yemen.
Have a great read
Anre
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