The UK HM Treasury today announced that a new template form has been developed for the disclosure of breaches of UK financial sanctions. The form can be accessed at: https://www.gov.uk/sanctions-embargoes-and-restrictions.
The Council of the EU announced today that it has agreed to renew the EU sanctions against Crimea and Sevastopol until 23 June 2016, and reemphasised in the press release that the EU continues to condemn the illegal annexation of Crimea and Sevastopol to Russia. The implementing legislation has yet to be published.
The Thai cabinet recently approved a new regulation proposed by the Ministry of Commerce to control the export of dual-use goods in accordance with United Nations Security Council requirements, and to protect Thai exports. Thailand’s development on export regulation regarding dual-use goods has been ongoing since 2008. A Working Group on Preparing an Export Control System of Dual Use Goods has been established on 13 March 2008. In July 2010, the Cabinet approved the establishment…
The Export Control Organisation (the “ECO”) published a note to exporters regarding export licensing performance. The whole notice is available here. In summary, the ECO announced that it is dealing with a very significant volume of applications for Standard Individual Export Licences (“SIELs”), resulting in it missing its primary target (please see below). As a result, processing of 70% of applications is at present taking 25 working days instead of the standard 20 working days.…