We are thrilled to announce the return of Baker McKenzie’s Asia Pacific Trade Conference, the premier flagship event for our Trade Practice Group in Asia Pacific where trade experts from 10 APAC jurisdictions will discuss the evolving geopolitical and trade regulatory landscape effecting supply chains in APAC. This conference is designed to equip you with the essential knowledge for navigating the ever-changing landscape as we share best practices for ensuring on-going compliance with trade and…
As we wrap up our series about sanctions investigations with this post, our Global Sanctions Investigation Group has blogged about key issues that companies should keep in mind as they tackle global sanctions investigations that are inherently high-risk matters. But do you need to passively wait around for the sanctions enforcement storm to batter your company and its trade compliance team? The simple answer is a resounding no. Companies worried about sanctions compliance and potential…
The sanctions enforcement storm is underway. As we highlighted in the introduction to this blog series, the quickly evolving sanctions landscape of recent years has increased the complexity of compliance. Keeping up with ever-changing multi-jurisdictional sanctions and adapting compliance practices has proven challenging for companies with complex operations and supply chains. Instances of non-compliance can be inevitable. A company’s investigation triage plan should evaluate mandatory disclosure obligations and, if there are none, the availability and…
In January this year, we reported on substantial proposed changes to the Defence Trade Control Act 2012 (“DTC Act”) that would require businesses handling Defence and Strategic Goods List (“DSGL”) subject matter within and from Australia to implement enhanced compliance mechanisms. On 27 March 2024, the Australian federal parliament implemented these proposed changes by passing the Defence Trade Controls Amendment Act 2024 (“Amendment Act”). The bulk of the changes to the DTC Act will commence no later than 8…