On September 20, 2018, the U.S. President issued a new executive order “Authorizing the Implementation of Certain Sanctions Set Forth in the Countering Americas Adversaries Through Sanctions Act.” This order targets Russia for 'its interference in the United States election process, its unacceptable behavior in eastern Ukraine, and other malign activities.' The U.S. Secretary of State has added 33 additional persons (a person being defined here as either an entity or an indiv
The Office of the United States Trade Representative (USTR) will impose new tariffs on $200 billion worth of Chinese goods. These tariffs apply to almost 6,000 Chinese goods and products, such as fish, rice, and textiles, but excludes some items, such as smart watches and high chairs. These tariffs are effective starting September 24, 2018, and initially will be in the amount of 10 percent. The level of the additional tariffs will increase to 25 percent starting January 1, 20
The UK has made a number of amendments to its Export Control Order 2008. As always, the data reflecting these changes is available via PST.AG's data feed notification to our customers. To read the changes please click here. To read the complete UK Strategic Export Control List please click here.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published two new Frequently Asked Questions (FAQs) in order to provide guidance on the term “maintenance” as it is used in General Licenses (GLs) 14, 15, and 16. To read the two new FAQs please click here. Please click on the corresponding number to read the GLs: 14, 15, 16
On September 12, 2018 U.S. President Trump signed an executive order authorizing sanctions against foreign governments (or individuals acting on behalf of a foreign government) interfering in an U.S. election. The executive order specifies a post-election timeline for the intelligence community to investigate and report on any action by a foreign government (or individual acting on behalf of a foreign government) ‘with the intent or purpose of interfering in that election.’ T
On Thursday, September 13, 2018, the Federal Office for Economic Affairs and Export Control (BAFA) held the BAFA/U.S. Export Control Forum 2018 at the U.S. Consulate in Frankfurt am Main. Two members of PST.AG were in attendance, Christian Piehler (Head of Compliance ) and Simon Niehus (Data Manager). BAFA invited representatives of the following U.S. export control authorities to the forum to present information and updates regarding export control, licenses, and sanctions.
The U.S. Securities and Exchange Commission (SEC) reports that Sanofi, without admitting or denying findings, has agreed to pay more than $25 million in penalties to settle bribery and corruption charges. Sanofi, a Paris-based pharmaceutical company, was charged with its Kazakhstan and the Middle East subsidiaries making corrupt payments, including bribery "payments to government procurement officials and healthcare providers in order to be awarded tenders and to increase pre
The U.K.'s Office of Financial Sanctions Implementation (OFSI) requires that everyone that holds or controls funds or economic resources 'belonging to, owned, held, or controlled by a designated person', must provide a detailed report describing these assets. These reports must be completed and submitted to OFSI (via email: firstname.lastname@example.org) by Friday, 12 October 2018. You can find the template provided for completing these reports here. The original 'Financial Sanctio
The U.S. Bureau of Industry and Security have amended the final rule of the Export Administration Regulations (EAR) by adding fifteen entities to the Entity List (15 CFR 744). These fifteen entities have been determined to be acting contrary to the national security or foreign policy interests of the U.S. and are listed under the following destinations: People's Republic of China, Hong Kong, Pakistan, Russia, Saudi Arabia, Turkey, the United Arab Emirates and the United Kingd