The Treasury’s Office of Foreign Assets Control is amending regulations to adjust for inflation by increasing the maximum amount of civil monetary penalties that the agency may impose for certain violations, OFAC said in a June 13 update on its website and a notice scheduled to be published in the June 14 Federal Register. The change was made “to implement for 2019 the Federal Civil Penalties Inflation Adjustment Act of 1990,” the notice said. OFAC is increasing the maximum amount of penalties that fall under the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Antiterrorism and Effective Death Penalty Act of 1996, the Foreign Narcotics Kingpin Designation Act and the Clean Diamond Trade Act.
The Treasury’s Office of Foreign Assets Control announced a $40,000 settlement with Cubasphere and an unnamed individual for violating the Cuban Assets Control Regulations, OFAC said in a June 13 enforcement notice.
The Treasury’s Office of Foreign Assets Control announced a $325,000 settlement with Expedia Group Inc. for helping more than 2,000 people with “Cuba-related travel services” that OFAC said violated the Cuban Assets Control Regulations, according to a June 13 enforcement notice.
The Treasury’s Office of Foreign Assets Control announced a more than $220,000 settlement with Spain-based Hotelbeds USA for helping more than 700 people with Cuba-related travel services that violated the Cuba Assets Control Regulations, OFAC said in a June 13 enforcement notice.
Two top Trump administration agricultural officials said “substantial and immediate purchases” of U.S. agricultural goods are hinging on several current trade deals, but said they haven’t been told of any plan by Mexico to “immediately” purchase large amounts of U.S. agricultural goods, as President Donald Trump alluded to in a June 8 tweet.
Senate Intelligence Committee Vice Chairman Mark Warner, D-Va., and Sen. Marco Rubio, R-Fla., urged President Donald Trump's administration on June 13 not to use U.S. restrictions on Huawei as a “bargaining chip in trade negotiations” with China. The Commerce Department's Bureau of Industry and Security issued a notice adding Huawei and affiliates to a list of entities subject to export administration regulations beginning May 16 (see 1905160072). BIS issued a general license temporarily allowing certain transactions by Huawei and the affected affiliates through Aug. 19. Trump later said sanctions against Huawei could be part of trade negotiations with China.
The European Union Council is considering upholding sanctions placed on 17 Russians for “undermining or threatening” the sovereignty of Ukraine, the council said in a June 7 notice. The sanctions stem from a 2014 decision by the council. The notice contains a new statement of reasons for upholding the sanctions, which may be obtained by the sanctioned individuals before June 14, the notice said.
The United Kingdom’s House of Commons Foreign Affairs Committee published a June 12 report rebuking the UK’s current sanctions policy, calling it “fragmented and incoherent.” The report called on the U.K.’s National Security Council “to begin an urgent review” of the country’s sanctions strategy and to report findings to Parliament by the end of 2019.
The government of Canada issued the following trade-related notices as of June 12 (note that some may also be given separate headlines):
Vietnam Customs recently issued a deployment plan for its commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a June 12 report on Vietnam Customs' CustomsNews website. Under the plan, Vietnam Customs will develop a circular guiding implementation of CPTPP provisions on inspection and determination of country of origin for imported and exported goods, and with the Vietnamese Ministry of Industry and Trade will develop a decree on verification of country of origin of imported goods, customs cooperation and preferential tariff rates, according to an unofficial translation of a Vietnam Customs press release. CPTPP entered into force Dec. 30, 2018, for the first six countries to ratify the agreement -- Canada, Australia, Japan, Mexico, New Zealand and Singapore – and entered into force Jan. 14, 2019, for Vietnam.