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Global Affairs Canada's recent update to its sanctions regime FAQs marks a significant step in providing clarity on the application of SEMA and related statutes. This move towards greater transparency is crucial for businesses and individuals navigating the complexities of compliance. It's a reminder of the importance of staying informed and diligent in understanding the evolving landscape of international trade and foreign policy. Read our latest blog post to learn more about this new guidance on sanctions legislation. #GlobalAffairsCanada #Sanctions #Compliance #InternationalTrade #ForeignPolicy

💡 The European Union is organising on Friday 19 April 2024 a full-day training seminar in Singapore on #EU sanctions. 🚨 The primary aim of the seminar is to raise awareness on EU #sanctions and their application, and to cooperate to counter possible #circumvention of these measures. 🛃 The EU team of trainers consists of sanction experts from the European Commission, representatives from EU Member States and the private sector. 🇪🇺 The seminar is targeted at #private operators interested in improving their awareness on EU sanctions. Representatives of private companies that would like to participate can #register by 10 April 2024 using the following link: https://lnkd.in/gTzyBjH5 More details on EU Sanctions can be found here: https://lnkd.in/g9CtcR72 #exportcontrol #dualusegoods #trade #compliance #finance #transport #logistics

As a forefront leader in global export control compliance solutions, RespectUs is proud to announce immediate updates to its platform in response to the latest #europeanunion #sanctions against #guatemala. Our unwavering commitment is ensuring our users navigate these changes efficiently and remain fully compliant. If you would like more insight into the impact of the new #EU sanctions on Guatemala and to explore how the RespectUs platform can enhance and maintain compliance, please connect with our support team or schedule a demo of the updated features. Stay ahead in the dynamic world of export control compliance with RespectUs! #ExportControl #RegulatoryCompliance #GlobalTrade

Ending international sanctions: Check out research data by Julia Grauvogel and Hana Attia and see how sanctions vary in geographic scope, type, and time in interactive graphs by Eduardo Valencia Laso for our project "Transfer for Transformation (T4T)". ➡️ https://lnkd.in/eSEv4bnB

ℹ Updated information on New Zealand sanctions and export controls availableℹ 👉 Our New Zealand pages have been updated to reflect recent developments 👉 Head to Global Sanctions for further details on New Zealand guidance, de-listing, judgments & much more: https://lnkd.in/eMDQ6vgk 👏 Thanks to Jaime Rodger and Alix Boberg of Bell Gully for their help with updating the pages. #NewZealand #sanctions #licensing #exportcontrols #exports #compliance

The financial intelligence units of Canada, the Netherlands, and Germany have issued a joint advisory providing guidance on recognizing and reporting transactions related to the procurement by Russia of dual-use goods, including: https://lnkd.in/eYcehgGQ a description of how actors and products might be identified; an overview of financial and contextual indicators relevant to the illicit dual-use trade; and case studies illustrating common dual-use goods sanctions evasion and/or export control evasion typologies. #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

The UK has added 20 FAQs to its financial sanctions FAQs. The new FAQs (100-119 inclusive) all address financial sanctions against Russia and clarify, inter alia:https://lnkd.in/dz93urCe Russian nationals that have not been designated and are resident in the UK can open UK bank accounts (FAQ 100); once a general licence has expired, it cannot be relied upon to make lawful payment (FAQ 102); UK operators of payment systems are prohibited from processing transactions involving sanctioned financial institutions – unless there is an OFSI licence or an exception in the Regulations permitting it (FAQ 107); production and distribution of fertiliser is cover by the licensing purpose for food security (FAQ 109); and the reporting requirements under regulation 70A(5) (FAQ 119). #UKSanctions #Russia #EUCommission #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

📣 UK Revokes Legal Advisory Services General Trade Licence Amid Sanctions Regulation Update On September 6, 2024, the Russia (Sanctions) (EU Exit) (Amendment) (No.4) Regulations 2024 were enacted, amending the Russia (Sanctions) (EU Exit) Regulations 2019. 📜 The amendment clarifies that legal advisory services related to global sanctions, Russian counter-sanctions, and compliance with UK law are now permitted, and it revokes the Legal Advisory Services General Trade Licence previously used for such services. 🚨 The revocation of this licence does not affect the requirement to keep records as mandated by Regulation 76. Original source 👉: https://lnkd.in/gX8yANts #UKsanctions #sanctionsupdate #sanctionscompliance #RussiaSanctions #RegulatoryChange #LegalAdvisory #TradeLicence

EU Adds 2 Sanctions FAQs on Donetsk, Kherson, Luhansk, Zaporizhzhia. The European Commission added to its sanctions FAQs for the Donetsk, Kherson, Luhansk and Zaporizhzhia oblasts on April 18. One of the FAQs asks how operators should assess... http://ow.ly/e5Jy105qGTz

❔How to adapt your business to dynamic regulatory changes in the area of international sanctions? How to adjust an effective compliance management system in organisations? 🗓️On 14 May, Wiktoria Kuczkowska and Gniewomir Wycichowski-Kuchta from the Regulatory Affairs, Legislation and Compliance Practice hasztag #DZP will analyse the applicable sanction regimes during an event dedicated to foreign entrepreneurs operating or planning to operate in Poland. The hasztag #DZP specialists will also refer to the latest draft amendment to the sanctions act, which was published on the Government Legislative Process service on 2 May. A full analysis of the changes proposed by the Ministry of Interior and Administration is also available on our website [only in Polish]: - https://lnkd.in/dCW56WHt The meeting is organized in cooperation with the Italian Chamber of Commerce and Industry in Poland - Camera di Commercio e dell'Industria Italiana in Polonia, the Polish Spanish Chamber of Commerce / Cámara de Comercio Polaco Española and the Polish Portuguese Chamber of Commerce, and will be conducted in English. ⬇️ Registration and details of the meeting are available on our website. https://lnkd.in/dbZyCb_Q Wczytano dokument