Trade and Manufacturing Monitor
U.S. Embargo on Sudan Permanently Lifted, But Some Restrictions Remain
Today the State Department announced that the U.S. would permanently lift the embargo on Sudan effective October 12, 2017. The decision comes 10 months after President Obama lifted the embargo on an interim basis…
EVENT ANNOUNCEMENT: What European Companies Need to Know About U.S. Sanctions, Export Controls, and FCPA Compliance
Join us in Brussels on November 9th, for this 2 hour seminar on what European companies need to know about U.S. sanctions, export controls, and anti-bribery compliance, co-hosted with the American Chamber of Commerce…
New Russia Financial Sanctions become effective November 28
OFAC announced today that the new financial sanctions on Russia will become effective on November 28, 2017. OFAC’s amended Directive 1 and Directive 2 prohibit the extension of new debt issued on or after November…
Keeping Up With The Jones Act
On September 28 th, the Trump administration announced the decision to temporarily waive the Jones Act for Puerto Rico, effective for 10 days. “It will go into effect immediately,” according to White House press…
Sale of Cartier Jewels Triggers OFAC Violations - Luxury Brands Should Be Aware of U.S. Sanctions Risks
A settlement agreement between Richemont North America, the parent company of Cartier, and the Office of Foreign Assets Control (OFAC) for violations of U.S. sanctions regulations is an important wake up call for U.S.…