Two recent pronouncements indicate that enforcement risks around dealing with criminal narcotics trafficking organizations in Latin America continue to increase. We expect the Trump Administration to continue to focus on designating such organizations as Foreign Terrorist Organizations (“FTOs”), sanctioning their supporters, and enforcing the measures already in place. We also expect countries across Latin America to align more with the United States and impose their own sanctions against these organizations. First, on September 15, President…
On July 1, 2026, the Office of Foreign Assets Control (“OFAC”) in the US Treasury Department imposed sanctions on several parties due to links to Brazil-based Primeiro Comando da Capital (i.e., First Capital Command, or “PCC”). This was the first round of sanctions against parties connected to PCC since the US Government’s actions in the spring designating PCC as both a Foreign Terrorist Organization (“FTO”) and a Specially Designated Global Terrorist (“SDGT”). We refer to…
In a context of increasing trade barriers to Brazilian exports, especially the additional tariffs imposed by the United States (US Reciprocal Tariffs) that include Brazilian exports, in addition to environmental restrictions on the export of Brazilian products by the European Union and other countries (such as the Carbon Border Adjustment Mechanism (CBAM) and other carbon control mechanisms (e.g. UK CBAM), imposed by the European Union and other countries), Law No. 15.122/2025 (known as the “Economic Reciprocity Law”)…
Trench Rossi Watanabe* is delighted to host an in-person conference: LATAM Trade Day: 100 Days of the Trump Administration – New Trends For International Trade. Along with the Brazilian team, the panels will feature guest speakers from Baker McKenzie from across the US, Europe, Asia and of course Latin America – including colleagues from Colombia, Argentina, Mexico, Peru, Chile and Venezuela. Our inaugural LATAM trade day will provide clients with insights into the latest geopolitical…