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EU issues statement on the Joint Comprehensive Plan of Action

17 oktober 2017

On 16 October 2017, the European Union ("EU") issued a statement on the Joint Comprehensive Plan of Action ("JCPOA"), following United States ("US") President Trump's decision not to certify Iran’s compliance with the JCPOA. On 13 October 2017, US President Trump announced that he will not terminate the JCPOA, but that he also will not certify that Iran is complying with it and he demands strict(er) compliance with the accord. In fact, this means that US Congress now has sixty days to decide whether to re-impose …

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Bright Lights to pay USD 400,000 for violating US export control regime

8 oktober 2017

On 11 September 2017, Bright Lights USA, Inc. (“Bright Lights”) of Barrington, New Jersey, reached an administrative settlement with the United States ("US") and agreed to pay USD 400,000, in order to resolve alleged violations of the Arms Export Controls Act ("AECA") and the the International Traffic in Arms Regulations ("ITAR"). According to the US State Department, Bright Lights engaged in several unauthorised exports of ITAR-controlled defence articles to foreign persons in a number of countries. Bright …

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The European Commission updates the EU Control List of Dual-Use Items

7 oktober 2017

On 26 September 2017, the European Commission (the "Commission") adopted the annual delegated regulation that updates the EU dual-use export control list in Annex I to Regulation (EC) No 428/2009 (the "Dual-use Regulation") and brings it in line with the decisions taken within the EU framework of the international non-proliferation regimes and export control arrangements in 2016.A major amendment to the Dual-use Regulation is currently expected in 2018. Should you wish to have more information on this topic, …

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B&A Law in Globe Magazine over de vervolging van overtredingen van exportcontrole- en sanctiewetgeving (Dutch Only)

3 oktober 2017

B&A Law in de oktober 2017 editie van Globe Magazine over de vervolging van overtredingen van exportcontrole- en sanctiewetgeving door het Nederlands Openbaar Ministerie.  Het volledige artikel vindt u hier.

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OFAC sanctions banks and representatives linked to North Korean financial networks

27 september 2017

On 26 September 2017, the United States ("US") Office of Foreign Assets Control ("OFAC") designated eight North Korean banks and 26 individuals, who are linked to North Korean financial networks. According to OFAC, the designations follow in response to North Korea’s ongoing development of weapons of mass destruction and continued violations of United Nations Security Council Resolutions.

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Cartier to pay USD334,800 for violating the US sanctions regime

26 september 2017

On 26 September 2017, Richemont North America Inc., d.b.a. Cartier ("Cartier"), agreed to pay USD334,800 for violating the Foreign Narcotics Kingpin Sanctions Regulations. Cartier violated the US sanctions between October 2010 and April 2011, when it exported four shipments of jewellery to Shuen Wai Holding Limited in Hong Kong, an entity added to added to the List of Specially Designated Nationals and Blocked Persons (the “SDN List”) by the Office of Foreign Asset Control ("OFAC") in November 2008.

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US imposes new sanctions against North Korea

22 september 2017

On 21 September 2017, President Trump issued a new Executive Order ("E.O.") imposing new sanctions on North Korea, in response to its latest nuclear and ballistic missile tests. The new restrictive measures target individuals and entities that engage in trade with North Korea, as well as the financial institutions that facilitate this trade and these measures include:

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