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The Export Controls & Sanction Manager - Edition 5 - 2023 - Week 47

Updated: Dec 2, 2023

How to Stay Compliant with Export Controls and Sanctions Laws Across Multiple Jurisdictions? Read "The Export Controls & Sanctions" Manager Magazine.


A subscription-based magazine providing high-quality content to keep you up-to-date with the latest developments in export controls and sanctions across the EU, UK, and US, at a reasonable cost. What is this all about?


Period covered 21.11.2023 - 27.11.2023



Content




U.S. Export Controls

EU Export Controls

UK Export Controls


Sanctions Updates

EU Sanctions

UK Sanctions

U.S. Sanctions




Unlock all exclusive posts and make sure you stay fully up-to-date. Access Our NEW FAQ to answer all your questions: https://www.customsmanager.info/plans-pricing

Highlight Reads of the Week


G7 Foreign Ministers’ Statement on the Launch Using Ballistic Missile Technology by North Korea


We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States of America, and the High Representative of the European Union, condemn in the strongest terms North Korea’s launch using ballistic missile technology conducted on November 21, 2023.



Due Diligence & AML


U.S. AML: FinCEN Set to Pay Record Sum to OFAC in Money Laundering Case

Binance Penalized with Record-High Settlements by US Treasury for Sanction Violations and AML Breach. We explain



Export Controls Updates

To make sure you never miss an export control update, bookmark https://www.customsmanager.info/all-news/categories/export-controls


⇒ EU Export Controls


1) The Intersection of Dual-Use and Cyber-Surveillance: A Look into EU Policies and Procedures


We are delighted to present a comprehensive briefing paper for the European Parliament. This article explores the intricate domain of export controls within the European Union, with a specific emphasis on dual-use and cyber-surveillance products.

  • Analyse current EU regulations in comparison to their implementation in the United States, the United Kingdom, and Japan.

  • A comprehensive analysis of the Dual-use Regulation 2021/821, which introduces a new category called "cyber-surveillance items" and substantially expands the scope of export controls.

  • An analysis of the catch-all provision of the European Union concerning cyber-surveillance activities not specifically outlined in Annex I, with a specific focus on human rights violations and internal repression.

  • An exhaustive analysis of the European Union's sanctions against Russia, including the export ban on dual-use goods and advanced technology that are on the list.

  • This discourse pertains to the European Union's position on sanctions in comparison to the United States, United Kingdom, and other allies, as opposed to its position on the export of semiconductors to China.

  • This article provides a comprehensive analysis of the dynamic environment surrounding export controls and global collaboration.

An essential reading for experts in the fields of human rights advocacy, policy formulation, and international trade.


Download the report now:


2) DPRK/North Korea: Statement by the High Representative on behalf of the European Union on the satellite launch

The European Union strongly condemns the Democratic People’s Republic of Korea’s (DPRK) launch of a military satellite using ballistic missile technology on 21 November. This represents a clear threat to international peace and security and constitutes a flagrant violation of UN Security Council resolutions that prohibit such launches. The DPRK must cease all illegal and dangerous actions that escalate military tensions in the region. It is critical that all UN Member States, especially Members of the UN Security Council, urge the DPRK to resume meaningful dialogue with all parties, and ensure the full implementation of UN sanctions with a view to the DPRK abandoning all its nuclear weapons, other weapons of mass destruction, ballistic missile programmes and existing nuclear programmes, in a complete, verifiable and irreversible manner and cease all related activities. In this context, the EU urges the DPRK and Russia to refrain from any exchanges of military equipment, missile technology or ammunition and abide by the successive UN Security Council resolutions which clearly prohibit any arms exports or imports involving the DPRK. The EU reiterates its deep concern about deepening military cooperation between Russia and the DPRK, potentially in violation of UN Security Council resolutions, as well as reports of arms transfers for the use in Russia’s illegal war of aggression against Ukraine and strongly condemns any such transfers.


Immediate DPRK compliance with its obligations under UN Security Council resolutions is the only viable route to sustainable peace and security on the Korean peninsula. The DPRK can never have the status of a nuclear weapon state in accordance with the Non-Proliferation Treaty (NPT). The EU urges the DPRK to refrain from testing nuclear weapons, reaffirm the moratorium in that regard and to return immediately to full compliance with the NPT as a non-nuclear weapon state and the International Atomic Energy Agency (IAEA) Comprehensive Safeguards Agreement, bring into force the Additional Protocol and sign and ratify the Comprehensive Nuclear Test Ban Treaty. The DPRK’s use of resources to support its unlawful weapons programmes exacerbates the difficult living conditions and human rights situation endured by much of its population.


⇒ UK Export Controls


1) Understanding UK End-Use Controls for Military-Related Items: A Comprehensive Guide

Understanding Military End-Use Controls for Exporting Items to Specific Destinations



⇒ U.S Export Controls


Export controls are a powerful tool for the USA to achieve its foreign and security policy goals. Violations are punished severely, even outside the US. As non-US companies face increasing demands on compliance programs, export control has become a major focus. Violating the export control law can land you on the "US sanctions list" with serious consequences. Stay updated with the latest developments to protect yourself from potential penalties.


1) How Could Increased US Export Restrictions Impact the Global Electronics Industry?

Unintended Consequences: Examining the Possible Effects of Heightened US Export Restrictions on Foreign Electronics


2) Additions to the U.S. Entity List

The Bureau of Industry and Security is responsible for advancing US national security, foreign policy, and economic objectives by ensuring an effective export control and treaty compliance system. The US Bureau of Industry and Security has updated its Entity List by adding four entities that have been found to be involved in circumventing US sanctions against Venezuela and Russia. The entities are listed here:

Sanctions Updates

The EU, UK and US implement extensive sanctions laws. These rules provide processes for producing lists of individuals and businesses subject to asset freeze targets and financial and investment restrictions. Businesses must stay up to date with the latest sanctions rules to avoid accidental non-compliance. Read the collection of all articles we have written on this topic here https://www.customsmanager.info/all-news/categories/sanctions


⇒ EU Sanctions Updates


1) EU getting ready for 12th Sanctions Package against Russia

12th Sanctions Package of the EU against Russia - Latest Updates

Ukraine: The High Representative, together with the European Commission submits proposals for 12th package of sanctions against Russia


2) Behind the Scenes of EU Sanctions Diplomacy

Host Tom Keatinge, Director of CFCS at RUSI, sat down with EU Sanctions Envoy David O’Sullivan in Brussels to explore the EU’s approach to negotiations with third countries to clamp down on the circumvention of sanctions, emphasise the importance of data in sanctions diplomacy and stress the role of the private sector in making sanctions effective.


3) How France's Insurance Industry Faced a 600K Fine for Ignoring EU Sanctions

Understanding the Consequences of Ignoring EU Sanctions: Lessons from France's Insurance Industry


4) EU Sanctions Update: Combatting ISIL (Da’esh) and Al-Qaeda Threat

Stay updated with the latest EU sanctions against ISIL (Da’esh) and Al-Qaeda. Find out how the EU is taking action to combat terrorism. Date of last update: 28.11.2023


5) UPDATED EU: Consolidated Sanctions List of Persons, Groups, Entities, and Organisations

Discover the ultimate resource for EU sanctions: Download the consolidated list of persons, groups, and entities subject to sanctions. Date of last update 28.11.2023



⇒ UK Sanctions Updates


1) Examining the Impact of UK Targeted Sanctions on Hamas Leadership

What Are the New Sanctions Against Hamas and How Will They Affect the Terror Group and What Can and Need Businesses Do?


2) UK Understanding the latest OFSI Sanctions General Licences: Update

An Overview of the Updated Sanctions OFSI (Office of Financial Sanctions Implementation) General Licences in the UK, new and extended. Date of Last Update 28.11.2023



3) Accord UK and ROK on Sanctions against North Korea

A new Accord between the UK and the Republic of Korea (ROK) will strengthen the joint ability to enforce sanctions against North Korea and work to prevent its development of its illegal weapons program. The agreement, part of the Downing Street Accord, will be signed by Prime Minister Rishi Sunak and President Yoon Suk Yeol during their state visit to the UK. The Accord affirms that the UK and the ROK will work closely on defence and security, collaborating in science and technological innovation, and boosting trade and investment opportunities. The DPRK relies on smugglers to bypass international sanctions, many of which were introduced to block imports and exports that could be used to support its nuclear weapons programme. The agreement will support closer relations between the Royal Navy and ROK Navy during future cooperation to counter this activity and support the security of the Indo-Pacific region. The UK is committed to meeting its obligations as a permanent UNSC member to enforce sanctions resolutions and routinely conducts maritime monitoring operations focused on vessels involved in the illegal transfer of goods and resources. The Accord will also deliver an important milestone in UK-ROK defence relations, with the signing of a joint Ministerial Statement Of Intent to establish a new Defence Partnership for Industrial and Capability Cooperation.



⇒ U.S. Sanctions Updates


1) Breaking Down the U.S. Strategy Against Hamas: Targeting Leaders and Funders

Unpacking the United States' Strategy in Targeting Hamas Leaders and Financiers: An Inside Look



2) US designates Iran-aligned militias in Iraq

21 November 2023


OFAC has identified six individuals as having ties to the Iran-aligned extremist group Kata'ib Hizballah (KH), which is located in Iraq. Following Hamas's assaults on Israel, the US government asserts that KH is responsible for attacks against the US and its allies in Iraq and Syria and is trained and funded by Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). Access notice, press release and details of persons.


3) Understanding the Latest Updates on U.S. sanctions Against Venezuela

The Office of Foreign Assets Control (OFAC) has recently released new answers to commonly asked questions about trading with Venezuela while in the U.S. It is important for individuals and businesses engaging in trade with Venezuela to be aware of these guidelines and comply with them to avoid any legal issues. By reviewing the Q&A provided by OFAC, you can gain a better understanding of the regulations and ensure that your business practices are in line with them.




What if I have a question regarding these updates


We invite you to use the chat function available on www.customsmanager.org to ask any questions related to this update. Our skilled team of export control and sanctions managers will be happy to provide you with the information you need within 24 hours.

Sources


EU

  • Official Journal of the EU

  • DG TRADE Website

  • Social Media (LinkedIn, Twitter, etc).

  • Information on the National Export Control & Sanctions Website of Member States


U.S.

  • Bureau of Industry and Security (BIS)

  • Department of Commerce

  • Office of Foreign Asset Control (OFAC)

  • Social Media (LinkedIn, Twitter, etc).


UK

  • Information on gov.uk

  • Information on legislation.gov.uk

  • Department of Business and Trade

  • Social Media (LinkedIn, Twitter, etc).


Other

  • United Nations (Sanctions)

  • Social Media (LinkedIn, Twitter, etc).



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