Main Results of US Export Control Update Conference – New Action against Russia – New CA AML laws – New OFSI FAQ Russia Sanctions – High Profile Sanctions Court case + Checklist & Guide.
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Colleagues,
This week’s edition of Export Control & Sanctions Watch highlights major developments in sanctions enforcement, trade restrictions, and shifting geopolitical regulations across the globe.
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Happy Friday! Over this week, we have seen significant enforcement actions, expanded financial sanctions, trade restrictions, and regulatory updates across key jurisdictions.
Here are some of the highlights we cover in this edition of the Export Control & Sanctions Watch this week:
We report from this week’s BIS Update Conference on Export Controls and Policy, held in Washington D.C., which successfully concluded with insightful discussions on key topics such as semiconductor controls, emerging technologies, export enforcement best practices, and space controls, offering valuable knowledge and networking opportunities for professionals in the field. We have a detailed report and summary minutes of the breakout session and speeches.
You can read what was said in the latest global leader’s statement on Russia’s sanctions circumvention efforts and what the aim of the new Anti-Russia Shadow Fleet Task Force is .
In this edition we also look at how Canada will implement its new anti-money laundering regulations starting 1 April 2025, what the Global Terrorism Index 2024 reveals as well as the latest FATF Report.
What warning to financial institutions did OFAC issue in relation to terrorism? Let’s find out in this edition of the Export Control & Watch.
What do you think about the OFSI’s FAQs regarding reporting requirements in the context of Russia? We take a closer look.
And what about the updates on high profile court case for ex-bosses of a mayor energy company to illegally supply Russian-occupied Crimea. We have a blog entry on this with links
Moreover, there the EU updated its sanctions list, designated various entities while the UK government reinforced its sanctions certain countries. To find out details, look into our magazine this week.
We also are delighted to present you a new Sanctions Compliance Checklist for download and are proceeding with the first edition of our new weekly series - the UK Financial Sanctions Guide.
All and more in this edition of the Export Control & Sanction’s Watch.
Arne
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