Foley Hoag's Trade Sanctions & Export Controls
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Included in this Issue:
- DOJ Issues Revised Export Control and
Sanctions Enforcement Policy for Business Organizations Providing
Clear Guidance on the Benefits of Self-Disclosing Violations
- The "New NAFTA:" Compliance
Consequences of the United States-Mexico-Canada Agreement
(USMCA)
- Senator Menendez Blocks Transfer of
Firearms Export Control from State Department to Commerce
- Latest Iran Sanctions in Shipping and
Aviation: Islamic Republic of Iran Shipping Lines (IRISL), E-Sail
Shipping Company Ltd, and Mahan Air
- State Department Issues Advisory on the Export of Metals to Iran
ANTICORRUPTION SPOTLIGHT:
- Happy (Belated) International
Anticorruption Day!
- OFAC Sanctions 68 Entities for
Corruption and Human Rights Violations
- Swedish Company Agrees to $1 Billion Settlement in Largest Foreign Corrupt Practices Act (FCPA) Enforcement Action
- U.S. Trade Representative Proposes
Duties on French Products in Response to France's Digital
Services Tax
- South Sudan Officials Sanctioned for
Undermining Peace Process; Visa Restrictions Announced
- DOC Seeks Comments on Procedure for
Entity List Entry Removal or Modification
- Allianz Global Risks US Insurance
Company Settles for Alleged Violations of the Cuban Assets Control
Regulations (CACR)
- OFAC Sanctions Guatemalan Mayor's
Drug Trafficking Organization
Excerpt:
DOJ Issues Revised Export Control and Sanctions Enforcement Policy for Business Organizations Providing Clear Guidance on the Benefits of Self-Disclosing Violations
On December 13, 2019, the Department of Justice (DOJ) released a new policy on voluntary self-disclosures of export control and sanctions violations (the "New VSD Policy"). In contrast to the guidance released in October 2016 regarding voluntary self-disclosures in export controls and sanctions investigations (the "2016 Guidance"), the New VSD Policy applies to all organizations, including financial institutions.
Download the December 2019 Foley Hoag Cross-Border Compliance Update (pdf).
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