April - 2018

Federal Department of Economic Affairs, Education and Research of Switzerland changes her "Dual

Switzerland changes Annexes 1 and 2 of its Dual Use List to May 1, 2018. As always, the data reflecting these changes is available via PST.AG's data feed notification to our customers. To read the regulation, click here. To read the preliminary document to inform yourself now, click here.

New Open General Export Licence published and 26 OGELs updated

The Department for International Trade has published a new open general export licence (OGEL): information security items. The purpose of this OGEL is to allow the export of ‘low risk’ information security items deploying encryption to a wide range of destinations. To read the whole license, click here. A number of military and dual use OGELs have also been updated and amended to reflect new contact details of the ECJU and Ministry of Defence (MOD). References to outdated gov

Kinross Gold Charged With FCPA Violations

The Canada-based gold mining company agreed to pay a $950,000 penalty to resolve Foreign Corrupt Practices Act (FCPA) violations arising from its repeated failure to implement adequate accounting controls of two subsidiaries in Africa. To read the whole Order from US Securities and Exchange Commission (SEC), click here. To read the Press Release, click here.

New duties for 1300 goods from China

Yesterday, the Office of the United States Trade Representative (USTR) published a list of Chinese goods on which additional duties can be imposed. The proposed list covers approximately 1,300 separate tariff lines and will undergo further review in a public notice and comment process, including a hearing. After completion of this process, USTR will issue a final determination on the products subject to the additional duties. The list of products and intended tariff increase