The Treasury's Office of Foreign Assets Control is holding its 2019 Fall Symposium on Nov. 12 in Washington, D.C., OFAC said in an Aug. 14 notice. The symposium will feature a “comprehensive review” of U.S. sanctions and OFAC staff will be available to answer questions, the agency said. Registration is open, but the agency has not yet released an agenda. According to the webpage for the event, the agenda will be made available at the event.
Japan is unsure about the details of South Korea’s decision to remove Japan’s preferential trade status, a Japanese official said, but thinks the move won’t have much of an impact.
The State Department announced sanctions on Zhuhai Zhenrong, China’s state-owned oil company, for buying petroleum from Iran, according to a notice in the Aug. 15 Federal Register. The sanctions -- which target the company and Youmin Li, its executive director and general manager -- take effect Sept. 16.
The United Kingdom updated guidance for two defense-related general licenses on Aug. 13. For the U.K.'s open general export license for "military goods for demonstration," the U.K. will now allow the option for the goods to remain under the control of the exporter’s agent. For its open general export license on "historic military vehicles and artillery pieces," including “vintage” vehicles built 50 years or more before the export date that are exported to European Union countries for no longer than three months, "exporters are no longer required to register," the updated guidance said.
The United Kingdom Department for International Trade is setting new export controls on submersible vessels and related equipment, software and technology destined to Russia. “This additional control is a consequence of Russia developing certain capabilities -- including the ability to track, access and disrupt undersea communication cables,” the agency said in a notice to exporters. The new export controls, which take effect Aug. 14, only apply to exports to Russia, it said. “Export licence applications for items subject to the new control will be assessed on a case-by-case basis against the consolidated EU and national arms export licensing criteria,” said the U.K. Department for International Trade.
Future Commerce Department export controls on artificial intelligence could end up blunting AI technology development in the U.S., according to an Aug. 8 post from Lowenstein Sandler.
Export Compliance Daily is providing readers with some of the top stories for Aug. 5-9 in case they were missed.
One of the top concerns of the U.S. firearms industry is the delay in transitioning export controls of firearms and ammunition from the State Department to the Commerce Department, said Larry Keane, senior vice president of the National Shooting Sports Foundation. As the wait for Export Control Reform has increased -- beginning in 2009 under the Obama administration and continuing under the Trump administration -- the U.S. firearms industry increasingly feels as if it has been left behind, Keane said.
Britain’s Home Secretary is removing the Libyan Islamic Fighting Group from its list of terrorism organizations, according to an Aug. 13 post on the European Sanctions blog. Although the move decriminalizes involvement with the group in the U.K, European Union and United Nations sanctions on the group remain in place.
U.S. companies can use their compliance programs to mitigate the impacts of updated CBP guidelines that will make it more expensive to secure goods seized for export violations, according to an Aug. 12 post by Sandler Travis. CBP recently issued its updated mitigation guidelines for export control seizures, announcing it is eliminating the terms “technical violations” and “substantive violations” (see 1908050038). But CBP also introduced a new set of mitigating and aggravating factors related to export control seizures, and an effective compliance program can play an important role in minimizing the cost, the post said. “CBP may reference these guidelines when making such decisions,” the post said, adding that “export compliance programs and other factors can help lower that cost.”