Biden Administration Rescinds Re-Imposition of UN Sanctions, Calls for Renewed JCPOA Negotiations with Iran

On February 18, 2021, the Biden Administration rescinded the United States’ re-imposition of United Nations sanctions against Iran, which were lifted as part of the Iran nuclear deal known as the Joint Comprehensive Plan of Action (“JCPOA”). The rescission is another step in the Biden Administration’s continuing efforts to have the United States re-join the … Read more

OFAC De-designates Ansarallah, Completing Reversal of Trump Administration Yemen Policy

On February 16, 2021, the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) revoked the designations of Ansarallah, the Yemeni political and para-military organization also known as the Houthis, under the Global Terrorism Sanctions Regulations (“GTSR”), the Foreign Terrorist Organization Sanctions Regulations (“FTOSR”), and Executive Order 13244. As a result, US persons no … Read more

Biden Administration Imposes Sanctions in Response to Myanmar Coup, Warns of “Strong” Export Controls to Come

On February 11, 2021, President Biden issued an Executive Order (“EO”) in response to the February 1, 2021, coup in Myanmar.  The same day, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) designated ten individuals and three entities connected to the Myanmar military as “specially designated nationals” or “SDNs” pursuant to the … Read more

Myanmar Sanctions Tracker

We are closely monitoring the international response to the evolving political situation in Myanmar and are providing regular updates in relation to sanctions and other developments that may impact international businesses with interests or operations in Myanmar. For further information on the current situation, please get in touch with one of our key contacts below … Read more

Myanmar Sanctions Tracker

We are closely monitoring the international response to the evolving political situation in Myanmar and will be providing regular updates in relation to sanctions and other developments that may impact international businesses with interests or operations in Myanmar. For further information on the current situation, please get in touch with one of our key contacts … Read more

Update on Recent Developments in Myanmar

Political developments in Myanmar this week raise the prospect of the possible reintroduction of sanctions against the country. International businesses with operations or investments in Myanmar should be aware of the potential for sanctions or other measures to be implemented at short notice and consider how their business may be impacted and the steps that … Read more

OFAC Issues General License 1A Under EO 13959

On January 27, 2021, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury issued General License 1A (GL 1A) in connection with Executive Order (EO) 13959 (“Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies”), dated November 12, 2020.  OFAC also issued additional guidance in the form … Read more

President Trump Amends EO 13959 on “Communist Chinese Military Companies”

There have been several significant developments over the past week in connection with Executive Order (EO) 13959 (“Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”) (EO 13959 or Order), dated November 12, 2020.  We have previously addressed developments related to EO 13959 in our posts in November 2020, December 2020, and … Read more

Upcoming Webinar: Sanctions Under the New Administration

The Herbert Smith Freehills global sanctions team invites you to join them for a webinar, to discuss: potential US sanctions implications of the impending change of Administration with respect to Venezuela, China and Russia-related sanctions, as well as the prospects for increased general emphasis on human rights and anti-corruption issues in US sanctions and trade … Read more