The Financial Crimes Enforcement Network (FinCEN) has issued two advisories to alert financial institutions to scams related to the COVID-19 pandemic, and has stated that it intends to continue to issue similar alerts. The advisories, based on FinCEN’s analysis of COVID-19-related information obtained through Bank Secrecy Act (BSA) data, public reports, and law enforcement partners
How to Navigate Supply Chain Disputes in a Pandemic
COVID-19 has disrupted and will continue disrupting supply chains in many important ways, as suppliers, carriers and buyers navigate the global pandemic. But does the pandemic allow activation of force majeure clauses in your contracts? If a force majeure clause is activated, what are the rights and responsibilities of each party during the pandemic? When…
Webinar: Emerging Issues in Sanctions, AML and Everything in Between in the Time of COVID-19: 2020 AML & Sanctions Risk Considerations for Digital Assets Companies
May 19, 2020
Starts: 9:30 AM (EDT)
Ends: 10:30 AM (EDT)
For Crowell & Moring LLP’s next event in our series, Emerging Issues in Sanctions, AML, and Everything in Between in the Time of COVID-19, our Global Head of Blockchain & Digital Assets, Michelle Gitlitz, will moderate a discussion on the AML & Sanctions risks…
Relief from EU Value Added Tax and Import Duties for Certain Goods used for Combating COVID-19
Last month, the EU granted Value Added Tax (VAT) and import tariff relief for essential goods if those goods are for free distribution and they are imported by state organizations or public bodies or authorized organizations.
Relief has been granted for the period 30 January through 31 July 2020. Duties and VAT can be claimed…
Impact of COVID-19 on EU Anti-Dumping and Anti-Subsidy Investigations
The EU Commission issued a Notice recently on the consequences of the COVID-19 outbreak on anti-dumping and anti-subsidy investigations.
The Notice addresses the impact of COVID-19 on the below two aspects of such investigations.
- On site verifications: the Commission suspended all non-essential travel to affected areas and postponed face-to-face meetings. Therefore, the normal visits
OFAC Issues Fact Sheet Regarding Humanitarian Trade Involving Sanctioned Countries and Provides COVID-19 Guidance
In response to criticism that sanctions are hampering the global response to the COVID-19 pandemic, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has released new guidance to encourage those interested in humanitarian trade involving jurisdictions sanctioned by the United States to “avail themselves of longstanding exemptions, exceptions, and authorizations” pertaining to that…
Webinar: Emerging Issues in Sanctions, AML and Everything in Between on Tuesday, April 28 at 10:00 am EDT
As part of Crowell & Moring’s ongoing effort to keep clients informed about the most significant developments stemming from the COVID-19 pandemic, we are offering a webinar series focused on issues that are immediate in terms of their impact, as well as issues that are just around the corner. Our focus is helping clients to…
CBP Issues Message with Information on New COVID-19 Relief Imports Web Portal
Cargo Systems Messaging Service (CSMS) #4236474 states that due to the high volume of inquiries received in the COVID-19 Relief Imports email inbox, CBP is migrating to the COVID-19 Relief Imports Web Portal. The web portal has been established to replace the email address for all cargo inquiries related to the importation of medical supplies…
WEBINAR – The COVID-19 Pandemic and Imports: How Companies Can Effectively Move Goods In a Changing Environment
Wednesday, April 15 at 11:00 am EDT – 12:00 pm EDT
During these difficult times global businesses must streamline and protect their supply chain operations, manage new sourcing, navigate border issues, keep abreast of rapidly changing regulations, and deal with contract disputes. Importers and other businesses in the supply chain who take key steps now…
WEBINAR – Navigating Uncharted Territory: Ensuring Your Compliance Function and Program Remain a Priority in the Current Environment
Tuesday, April 14 at 11:00 am EDT – 12:00 pm EDT
Severe business disruptions as a consequence of the coronavirus (COVID-19) pandemic have created compliance challenges for all international companies. The crisis has also resulted in an expanding list of new and emerging risks that global compliance leaders should prepare for now.
During this webinar,…