The US Commerce Departmentâs Bureau of Industry and Security (âBISâ) has issued amendments to the Export Administration Regulations, 15 C.F.R. Parts 730-774 (âEARâ) that, most significantly, define the scope of âstandards-related activitiesâ that are subject to US export controls jurisdiction under the EAR. The purpose of these amendments is to ensure that US export controls and associated compliance concerns do not impede the participation and leadership of US companies in legitimate standards-related activities. BIS also…
On June 18, 2024, Baker McKenzie, in partnership with the International Compliance Professionals Association, hosted a virtual fireside chat with Lawrence Scheinert, the Associate Director for Compliance and Enforcement at the Office of Foreign Assets Control (âOFACâ) in the US Treasury Department. The webinar attracted 1640 registrations from across industry, with participants raising a wide variety of questions. In the discussion with Baker McKenzie partners, led by Julia Webster (Toronto) with questions from Janet Kim…
On June 5, 2024, the US Department of the Treasuryâs Office of Foreign Assets Control (âOFACâ) amended the Syrian Sanctions Regulations (âSSRâ), 31 C.F.R. Part 542 and issued and amended frequently asked questions (âFAQsâ) related to the SSR. According to a new OFAC FAQ, these changes are aimed, in part, at facilitating humanitarian assistance and internet-based communication services to Syrian civilians. The SSR has been revised as follows: OFAC also issued one new SSR FAQ…
On the Connect on Tech blog, Justine Phillips, Sylwia Lis, and Alex Lamy have published a post about export control considerations that companies should keep in mind when managing cyber incidents and data exfiltration. Â The blog, “Cyber Transparency, Risk & Sanctions: How Cyber Incidents Give Rise to Export Control Issues,” can be found here.