Sanctions Archives

Invitation: Baker McKenzie’s Trade and Corporate Compliance Seminar for the Technology, Media and Telecoms Sector, 11 December 2019, London

November 13, 2019 By Sunny Mann 2 Mins Read

Who Should Attend? In-house legal and compliance specialists working within the technology, media and telecoms sectors.

Speakers from Baker McKenzie’s Global Trade & Commerce, Compliance & Investigations, Antitrust & Competition, IPTech, and TMT Groups will discuss managing compliance risks in the context of the Technology, Media & Telecoms sector. We will have speakers from the UK, elsewhere in Europe, the US and Asia. Key topics will include:

Developments, risks and practical considerations for the TMT sector regarding sanctions, export controls, customs, anti-bribery and corruption, anti-money laundering, tax evasion, antitrust and competition, data privacy, consumer protection, cyber security and human rights
Practical sessions on best practices in the TMT sector for managing compliance risks in the context of (1) the cloud; (2) M&A deals; and (3) the supply chain, including the impact of Brexit and global trade wars.

Please click here for the full agenda.

US Targets Iran Construction Sector and Metals Industry with New Sanctions

November 6, 2019 By Janet K. Kim and Maria Sergeyeva 3 Mins Read

On October 31, 2019, the US State Department strengthened US secondary sanctions targeting Iran under the Iran Freedom and Counter-Proliferation Act of 2012 (“IFCA”) (codified at 22 U.S.C. § 8801 et seq.), which dates back to 2013. These new IFCA sanctions target the construction sector in Iran and make sanctionable the export to Iran of certain strategic metals.

Revision to Swiss sanctions against the Democratic People’s Republic of Korea

November 6, 2019 By Philippe M. Reich 1 Min Read

On November 06, 2019, the Swiss Government adopted selective adjustments to the Swiss sanctions against the Democratic People’s Republic of Korea, thereby implementing the exceptions to the export ban agreed by the UN SC Sanctions Committee. The amendment will come into force on 1 December 2019.

US and EU Authorize New Sanctions Targeting Turkey

October 18, 2019 By Ross L. Denton, Nicholas F. Coward, Inessa Owens, Laura Klick and Andrew Rose 6 Mins Read

On 14 October, the United States and European Union each adopted sanctions measures targeting Turkey, in response to Turkey’s military offensive in northern Syria. Subject to certain exceptions discussed further below, the US measures under a new Syria-related Executive Order (“New Syria EO“) took effect immediately and authorize sanctions targeting parties engaging in certain Syria-related activities, the Government of Turkey and Turkish Government officials, and certain sectors of the Turkish economy.

The EU measures are expected to come into effect shortly.