North Korea is using "increasingly advanced" ship-to-ship transfers to get around global sanctions on the country, the United Nations said in a recent report. Those techniques include "the disguising of vessels through ship identity theft and false Automatic Identification System (AIS) transmissions," the U.N. said. Other methods "include physical disguise of tankers of the Democratic People’s Republic of Korea, the use of small, unregistered vessels, illegal name-changing and other forms of identity fraud, night transfers and the use of additional vessels for transshipment," the report said.
The U.S., the European Union and Canada announced additional Russian sanctions stemming from Russia's actions in Ukraine, according to media reports and a March 15 announcement by the U.S. Treasury Department. Treasury's Office of Foreign Assets Control added six people and eight entities to its Specially Designated Nationals List, OFAC said in a notice, while Canada reportedly imposed sanctions on 114 people and 15 entities and the EU targeted eight security service officials and military commanders. Individuals or companies who trade with any of the blocked people or entities may be penalized under U.S. sanctions.
The Treasury Department's Office of Foreign Assets Control made changes to one of its sanctions lists, replacing the List of Foreign Financial Institutions Subject to Part 561 with the List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account (CAPTA) Sanctions, OFAC said in a March 14 notice. The new list contains foreign entities “for which the opening or maintaining of a correspondent account or a payable-through account” in the U.S. is restricted, OFAC said. Foreign entities on the list are subject to the Ukraine Freedom Support Act of 2014, the North Korea Sanctions Regulations, the Iranian Financial Sanctions Regulations and the Hizballah International Financing Prevention Act of 2015. OFAC also amended the Iran and Hizballah financial sanctions regulations to include references to CAPTA, the agency said.
The United Kingdom would temporarily set tariffs at zero for nearly 90 percent of imported goods should it leave the European Union with no transition deal in place, the U.K. Department for International Trade said in a March 13 press release announcing a draft tariff and customs scheme in the run-up to a vote in Parliament on whether to leave with no deal.
In the March 12 edition of the Official Journal of the European Union the following trade-related notices were posted:
The Bureau of Industry Security seeks comments by May 13 on the burden on importers from certain information collections for products subject to Export Administration Regulation export controls, it said. The agency is set to request approval from the Office of Management and Budget for these information collection requirements, which include classification, advisory and license applications and commodity classification requests.
The Bureau of Industry and Security seeks comments on the burden of its collection of information on defense offset agreements, it said in a notice. By law, U.S. companies must tell Commerce about offset agreements worth more than $5,000,000 associated with sales of weapons defense equipment to foreign countries or firms. Offsets, which are “required by most major trading partners when purchasing U.S. military equipment,” are industrial or commercial compensation practices in sales of defense articles or services under the Arms Export Control Act and the International Traffic in Arms regulations. Comments on the burden and ways to improve the information collection are due May 13.
Export Compliance Daily is providing readers with some of the top stories for March 5-8 in case they were missed.
A State Department policy change that lifts statutory debarments on companies that have export privileges still banned is a practical step toward rewarding past violators who aren't yet ready for complete reinstatement, lawyers say. The policy change, announced in a March 4 notice, came as State lifted a debarment against Colorado-based Rocky Mountain Instrument Company (RMI) -- stemming from 2010 violations of the Arms Export Control Act -- without reinstating RMI’s export privileges.
The Office of Foreign Assets Control added an entity to its Specially Designated Nationals List, with a Venezuela-related designation, OFAC said in a March 11 notice. The entity, Evrofinance Mosnarbank, is associated with a Moscow address in Russia, according to the notice, and is linked to Petroleos de Venezuela, the Venezuelan state-owned and U.S.-sanctioned oil company.