News & Analysis as of

Economic Sanctions

Trump Announces New Iran Strategy, Decertifies Iran's Compliance with Iran Nuclear Deal

by Jones Day on

On Friday, October 13, 2017, President Trump announced that he would not certify that the suspension of sanctions pursuant to the Joint Comprehensive Plan of Action ("JCPOA") (commonly known as the Iran Nuclear Deal) is...more

EU expands sanctions against North Korea, as well as Russia and Libya

by White & Case LLP on

The EU has adopted a wide range of new sanctions measures against North Korea including a broad investment ban applicable across all sectors. In addition, the EU has designated certain Russian persons involved in a transfer...more

Despite Revocation of Sudanese Sanctions, Considerations Remain for Those Dealing With Sudan (IRB No. 568)

by Bryan Cave on

Effective October 12, 2017, the U.S. Government has revoked its sanctions against Sudan that were established in Executive Orders 13067 and 13412 and removed a number of Sudanese entities from the SDN List. The revocation...more

Comprehensive Embargo on Sudan Lifted, Although Some Restrictions Remain

by K&L Gates LLP on

Effective October 12, the Trump administration revoked the U.S. embargo on Sudan in accordance with Executive Order 13761 (Jan. 13, 2017) and Executive Order 13804 (July 11, 2017). As a result of this action, Sudan and the...more

U.S. Lifts Sudan Sanctions

by Fox Rothschild LLP on

On October 12, 2017, the United States lifted its general commercial embargo on Sudan. Because Sudan has played a role in international terrorism, the U.S. has maintained a comprehensive embargo against Sudan since 1997....more

President Trump’s JCPOA Announcement Is More Complicated Than It Looks

by Alston & Bird on

On October 13, 2017, President Trump announced a new national security strategy regarding Iran that may eventually affect current economic sanctions restrictions involving Iran. The President in his comments noted that he...more

Sudan Sanctions Lifted

by Goodwin on

Effective October 12, 2017, U.S. sanctions against Sudan have been lifted. U.S. persons are no longer prohibited from engaging in most transactions involving Sudan and the government of Sudan....more

United States Eases Sudan Sanctions

by White & Case LLP on

After 20 years of comprehensive sanctions against Sudan, the US government has revoked most sanctions with respect to Sudan and the Government of Sudan effective October 12, 2017. As a result of this action, US persons1 are...more

Trump Administration Lifts U.S. Sanctions on Sudan; Important Limitations Remain

Based on certain State Department findings, effective October 12, 2017, long-standing U.S. sanctions on the Republic of Sudan administered by OFAC under the Sudan Sanctions Regulations will be terminated, and U.S. persons...more

Not out of the woods yet: What the lifting of Sudan sanctions means for businesses and non-profits

by Hogan Lovells on

Yesterday, on October 12, 2017, the U.S. permanently revoked most sanctions against Sudan. This lifting represents the completion of a process that began in January 2017, and was extended in July 2017. ...more

US lifts most sanctions on Sudan—but key controls and heightened concerns remain

by Dentons on

On October 12, 2017, the United States lifted its general commercial embargo on Sudan, removing sanctions that had prohibited US Persons from engaging in or facilitating most transactions involving Sudan or its government....more

United States Revokes Sanctions on Sudan; Some Restrictions Remain in Place

by Jones Day on

On October 6, 2017, the United States announced that, effective October 12, 2017, it will substantially revoke sanctions on Sudan and the Government of Sudan in recognition of the Government of Sudan's sustained positive...more

US Revokes Sudan Sanctions

On October 6, 2017, President Donald Trump and the U.S. Department of State announced the revocation of economic sanctions on Sudan, following the temporary lifting of sanctions on January 17, 2017. The announcement concluded...more

Belgium issues new law on anti-money laundering transposing the fourth EU Directive and implementing the FATF recommendations

by White & Case LLP on

The Belgian State Gazette published on Friday 6 October 2017 the law of 18 September 2017 preventing money laundering and financing of terrorism and limiting the use of cash (the"Law"). The Law replaces the law of 11 January...more

Importers Beware: U.S. Customs Targets Imports Made in China by North Korean Workers

by Kelley Drye & Warren LLP on

The AP recently reported that North Koreans are working in China as forced labor and their products are being imported into the U.S. The AP followed the production of seafood from Chinese facilities to U.S. retailers, but...more

U.S. Announces Revocation of Sudanese Sanctions Regulations: New Opportunities and Familiar Risks

by Ropes & Gray LLP on

On October 6, 2017, the United States government announced that, effective October 12th, the Sudanese Sanctions Regulations (“SSR”) would be officially revoked. The October 6th announcement marked the culmination of a...more

Sanctions Round Up: Third Quarter 2017

by Shearman & Sterling LLP on

The third quarter was headlined by the imposition of broad new US legislative sanctions against Russia, Iran, and North Korea. The Trump Administration also acted unilaterally to significantly expand sanctions against both...more

Trade and Manufacturing Alert - October 2017

by King & Spalding on

NAFTA Renegotiation Status Update: Third Round Of Talks Conclude In Ottawa, Fourth Round Begins In Washington On October 11 The third round of talks on “renegotiation and modernization” of the North American Free Trade...more

Red Notice Newsletter - Chinese

ANTICORRUPTION DEVELOPMENTS - Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action - On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic...more

Red Notice Newsletter - Russian

ANTICORRUPTION DEVELOPMENTS - Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action - On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic...more

Anti-money laundering bulletin - Autumn 2017

by DLA Piper on

DLA Piper’s Financial Services Regulatory team welcomes you to the Autumn 2017 edition of our Anti-Money Laundering (AML) Bulletin. In this issue, we provide updates on AML developments in the UK and internationally,...more

The Paper Caper: U.S. Persons Cannot Help Foreign Subsidiaries Or Affiliates With Sanctioned Country Transactions

by Kelley Drye & Warren LLP on

A recent settlement agreement between the Office of Foreign Asset Control (OFAC) and BD White Birch Investment LLC, a U.S.-based paper company, is an important reminder that U.S. companies cannot assist their foreign...more

Currents - Energy Industry Insights - October 2017

An Obscure Statute Is Helping Trump Save U.S. Coal, Nuclear - "Rick Perry is using an authority granted to him as U.S. energy secretary to call on the independent Federal Energy Regulatory Commission to change its rules...more

Trump Administration Imposes Broad New Sanctions Against North Korea

by WilmerHale on

Over the past several years, as North Korea has increased the capability of its nuclear and ballistic missile program, there has been a steady increase in sanctions pressure against North Korea by the United States and the...more

OFAC implements changes to Ukraine-/Russia-related Directives 1 and 2

by Dentons on

On September 29, 2017, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended and re-issued Ukraine-/Russia-related sanctions Directives 1 and 2. The amendments were made pursuant to the Countering...more

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