On September 21, 2017 the Ministry of Economy published in the Diario Oficial de la Federación (Federal Official Gazette) an Administrative Regulation (Acuerdo) that modifies the one that prohibits the exportation or importation of diverse goods to the indicated countries, entities and persons.
On September 21, 2017, President Trump issued Executive Order 13810 (“Order”) [published in the Federal Register on September 25, 2017] imposing additional sanctions on North Korea. The Order is aimed at curbing North Korea’s ability to fund its nuclear and ballistic missile programs by giving the Secretary of the Treasury additional tools to target non-US persons engaging in trade with North Korea and non-US financial institutions supporting such trade.
The EU has adopted Council Regulation (EU) 2017/1548 and Council Decision (CFSP) 2017/1562 extending sanctions against North Korea.
On August 2, 2017, the President signed into law the “Countering America’s Adversaries Through Sanctions Act” (“CAATSA”), a bill that he called “seriously flawed” in a statement about CAATSA issued at the same time he signed the bill.
On August 2, 2017, the Department of State published in the Federal Register a notice [Public Notice: 10074] declaring all U.S. passports invalid for travel to the Democratic People’s Republic of Korea (North Korea),
On July 27, 2017, the US Senate approved in a 98-2 vote H.R. 3364, the “Countering America’s Adversaries Through Sanctions Act” (“H.R. 3364”). We previously summarized H.R. 3364 in our blog posts here and here.
Last month, the US Senate passed significant Russia sanctions legislation as an amendment to an Iran sanctions bill targeting Iran’s ballistic missile program. The Russia sanctions provisions sought to limit the President’s ability to relax existing US sanctions targeting Russia while imposing additional restrictions impacting various sectors of the Russian economy. The key provisions of the Senate bill are summarized in our earlier blog post.
The European Council (the “Council“) has adopted conclusions relating to the Democratic People’s Republic of Korea (the “DPRK“). Therein, the Council expresses concern about the regime’s activities to raise hard currency to fund its nuclear and ballistic missile programmes.
On July 7, 2017, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register a notice of proposed rulemaking (NPRM) [Docket Number FinCEN–2017–0010] pursuant to section 311 of the USA PATRIOT Act, to prohibit the opening or maintaining of a correspondent account in the United States for, or on behalf of, Bank of Dandong. The NPRM sets forth FinCEN’s finding that Bank of Dandong, a commercial bank located in Dandong, China, is a financial…
On June 23, 2017, the Federal Register published Presidential Notice of June 21, 2017 – Continuation of the National Emergency With Respect to North Korea, which extends for an additional year the national emergency first declared in Executive Order (EO) 13466 on June 26, 2008