President Trump Re-Imposes First Wave of Sanctions Against Iran and EU Expands Blocking Regulation to Cover US Secondary Sanctions Legislation on Iran

Embargoes, Iran, JCPOA

(Source: Arent Fox LLP, 8 Aug 2018.) By: Kay C. Georgi, Esq., kay.georgi@arentfox.com, +1 202-857-6293; Marwa M. Hassoun, Esq., marwa.hassoun@arentfox.com, +1 213-443-7645; and Regan K. Alberda, Esq., regan.alberda@arentfox.com, +1 202-775-5771.  All of Arent Fox LLP....

President Posts Executive Order Prohibiting Certain Additional Transactions with Respect to Venezuela

Embargoes, Venezuela

(Source: The White House) President Trump posted an executive order on May 21, 2018 with the purpose of taking further steps in regard to the national emergency declared in Executive Order 13692 of March 8, 2015 and relied upon for additional steps taken in Executive...

OFAC Amends Cuban Assets Control Regulations – November 2016 Update

Cuba, Embargoes, OFAC

Effective October 17, 2016 OFAC has made the following changes to the Cuban Assets Control Regulations. Health: Joint medical research OFAC is amending section 515.547 to authorize persons subject to U.S. jurisdiction to engage in joint medical research projects with...

Lebanon Company Fined $450,000 for Reexporting Items to Syria

BIS, CCL, Denied & Restricted Parties, EAR, Embargoes, Export License, Lebanon, Syria, Violations & Fines

By: Danielle McClellan Tecnoline SAL (Tecnoline )of Sin El Fil, Beirut, Lebanon pled guilty to 7 charges of Causing, Aiding, or Abetting a Violation of the Regulations and will pay a civil penalty of $450,000. Tecnoline reexported US-origin mass spectrometers, gas...

3 Men & Illegal Exports to Syria

Embargoes, Export License, Sanctions, Syria, UAE, UK

By: Danielle McClellan In November 2012, three individuals and one company were indicted with charges of criminal conspiracy, wire fraud, illegal export of goods, money laundering, and false statements. Until now the indictment remained under seal pending the arrest...

It’s Pho Real! Obama Lifts US Arms Embargo on Vietnam

BIS, EAR, Embargoes, Vietnam

By: John Black During his visit to Vietnam, President Obama announced that the US was lifting its long standing arms embargo on Vietnam.   While this may not result in an immediate flood of US weapons to Vietnam, it paves the way for US exporters and foreign companies...