Category Archives: Export Controls

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U.S. Implements President Trump’s Cuba Policy

On Nov. 8, 2017, the U.S. Government announced new regulations in furtherance of the Trump Administration’s policy regarding Cuba. As discussed in our prior GT Alert, in June 2017, President Trump published his National Security Presidential Memorandum “Strengthening the Policy of the United States Toward Cuba” (NSPM), which announced modification of U.S. policy with respect … Continue Reading

U.S. Imposes Additional Sanctions on North Korea

Amid escalating U.S.-North Korea tensions, over the past month, the United States imposed several new rounds of sanctions against North Korea. The new sanctions measures are designed to reduce the flow of economic resources from non-U.S. sources to North Korea. Continue Reading.… Continue Reading

While Cuban Embargo Remains, Latest Round of Historic U.S. Changes Foster Increased Trade

While the nearly comprehensive U.S. embargo on trade with Cuba remains and will require an act of Congress to be eliminated, the U.S. government has issued another round of measures further easing the U.S. sanctions and export control restrictions against Cuba.  Effective Oct. 17, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets … Continue Reading

U.S. Increases Civil Penalties for Export Controls and Economic Sanctions Violations

The U.S. government has announced significant increases to the maximum civil penalties for U.S. export controls and sanctions violations. The increases are required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the FCPIA Act). Details of the penalty increases are described below and available in the Federal Register, Vol. 81, No. … Continue Reading

FinCEN Proposes New Rule to End North Korea’s Access to U.S. Financial System

In the wake of North Korea’s nuclear tests that violated United Nations (UN) sanctions, on June 1, 2016, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) released a Notice of Finding that concludes that the Democratic People’s Republic of Korea (DPRK or North Korea) is a “jurisdiction of primary money laundering concern.” Continue Reading.… Continue Reading

U.S. Extends Authorization for Transactions with Sanctioned Belarusian Entities

On April 29, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License No. 2A  extending its previous Oct. 29, 2015, Belarus-related general authorization (General License 2) to engage in transactions with all sanctioned Belarusian entities. The previous General License 2 expired April 29, 2016. Continue Reading.… Continue Reading
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