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Andrea Tovar

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On July 14, 2020, President Trump signed into law the Hong Kong Autonomy Act  (“HKAA”) providing for the imposition of sanctions on foreign persons who materially contribute to the undermining of Hong Kong’s autonomy by the Government of the People’s Republic of China (“PRC”) and foreign financial institutions who engage in significant transactions with such foreign persons.  During a press conference announcing the signing of the HKAA, President Trump also indicated that he had signed…

On June 3, 2020, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued new Syria-Related Sanctions Regulations (the “Regulations”), effective June 5, 2020, to implement Executive Order 13894 (“EO 13894”) issued by the President on October 14, 2019 in light of Turkey’s military actions in Syria. The Regulations are a codification of EO 13894 and do not represent new sanctions against Syria. They are also separate from US comprehensive sanctions targeting Syria under…

On April 15, 2020, the US Departments of State, Homeland Security, and the Treasury (“Treasury”), and the Federal Bureau of Investigation issued an advisory warning about the cyber threat posed by North Korea, calling particular attention to banks and other financial institutions (“Advisory”). The Advisory (i) highlights North Korea’s malicious cyber activities across the globe, (ii) identifies and recommends measures to counter the cyber threat, including cybersecurity best practices, and (iii) summarizes potential enforcement actions…

On April 27, 2020, US Customs and Border Protection (“CBP”) published a set of Frequently Asked Questions available here (“FAQ Guidance”) regarding the export of personal protective equipment products (“PPE Products”) covered under the temporary final rule published by the Federal Emergency Management Agency (“FEMA Rule”). Our blog posts on the FEMA Rule, related exemptions, and other developments are available here. The FAQ Guidance provided via a bulletin in CBP’s Cargo Systems Messaging Service includes important information regarding the…