Earlier this week, the U.S. government partially re-implemented certain recently relaxed sanctions against Venezuela. According to a statement released by the United States Department of State on January 30th, the absence of meaningful progress in allowing candidates of the opposition Unitary Platform to stand for office in the upcoming Venezuelan presidential election has
DOJ, OFAC, and BIS Issue “Tri-Seal Compliance Note” Focusing on Voluntary Self-Disclosures
- Key takeaway #1 Companies should be mindful that the U.S. agencies responsible for civil and criminal export controls and sanctions compliance maintain separate VSD policies. This announcement highlights key aspects of each VSD policy.
- Key takeaway #2 Failure to initiate an internal investigation promptly after discovering a potential export controls or sanctions
Joint Agency Guidance to Exporters on Iran’s UAV Activities
By Jeremy Iloulian & Jeffrey L. Snyder on
Last Friday, the U.S. Departments of Commerce, Justice, State, and the Treasury issued a joint guidance sheet on Iran’s unmanned aerial vehicles (“UAVs”) program (the “Iran UAV Guidance”). The Iran UAV Guidance highlighted (I) the threat Iran’s UAV program poses; (II) the key items that Iran relies on to expand its UAV program; (III) the…
Sanctions/Export Highlights [As of August 4, 2022]
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EU Designates Viktor Yanukovych and His Son: On August 2, 2022, the EU designated the former president of Ukraine, Viktor Yanukovych. Viktor Yanukovych was pro-Russia when he was president, and a Ukrainian court later found him guilty of treason. He currently resides in Russia, and the EU alleged him to be involved in a…