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International Trade

23 October 2020
Matthew Tuchband OFAC's new ransomware advisory

USA - Arent Fox LLP

The US Department of Treasury's Office of Foreign Assets Control recently issued an advisory highlighting sanctions risks associated with facilitating ransomware payments on behalf of victims targeted by malicious cyberattacks. Relatedly, the US Department of Treasury's Financial Crimes Enforcement Network issued guidance alerting financial institutions to their role in processing ransomware and associated payments, red flags and reporting information.

Authors: Matthew Tuchband, Kay C Georgi, Jessica DiPietro, Marwa M Hassoun
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Kay C Georgi Human rights now part of US export licensing review for nearly all export licences

USA - Arent Fox LLP

The US Department of Commerce, Bureau of Industry and Security (BIS) recently released a final rule revising its licensing policy for crime control and detection (CC) items, which is designed to promote respect for human rights throughout the world. On the same day, BIS made another CC-related move, issuing a final rule regarding new controls on water cannon systems and related parts and components, with the preamble specifically describing riot and crowd control in Hong Kong.

Authors: Kay C Georgi, Sylvia G Costelloe, Marwa M Hassoun
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Recent updates

Sunny Mann Further updates to UK sanctions against Belarus

United Kingdom - Baker McKenzie

Author: Sunny Mann
Anthony V Lupo Goods from China under heavy forced labour scrutiny

USA - Arent Fox LLP

Authors: Anthony V Lupo, David R Hamill, David Salkeld, Natan Tubman