US export controls and sanctions: what we know and where we are going


Companies and financial institutions rely on their lawyers to understand current and upcoming sanctions and export control policies. In this rapidly changing political environment, do you have the knowledge needed to keep customers informed?

In business and finance, Organizations must understand their compliance and disclosure obligations, enforcement trends and priorities, and emerging risks. It is not enough just to understand them-in all industries, companies must make compliance programs a priority or face severe fines.

The Trump administration has implemented many sanctions and export controls. Under the leadership of the incoming Biden administration, we will certainly see the development of these policies. Here are some examples of the current situation and expectations for the next few years:

In order to limit Huawei’s access to products from US semiconductor software and technology, the Trump Administration’s Department of Commerce Bureau of Industry and Security (BIS) Certain items sent to Huawei or its affiliates designated in the BIS Entity List have expanded and expanded the scope of U.S. export control jurisdiction.

In addition, The Bank for International Settlements has issued a final rule that greatly expands the restrictions on exports of certain items by “military end-use” and “military end-user” in China, Russia and Venezuela under the Export Administration Regulations.

Another policy of the Trump administration resulted in of “Hong Kong Autonomy Law”. HKAA Represents a change to the sum Tighten U.S. export control restrictions applicable to Hong Kong to maintain Hong Kong’s autonomy. HKAA has expanded the scope of those who may be sanctioned by the United States-those who comply with regulations should follow closely behind.

Finally, the Trump administration relies on coercive economic means to achieve further foreign policy goals. US sanctions against Iran continue to escalate, leading to multilateral tensions. If people are worried about trying to interfere in the presidential election, sanctions on Russia may increase. Under the leadership of the Biden administration, will we see the United States, the European Union, and Canada aligned on these sanctions? stay tuned.

of course, Sanctions following sanctions. Countries such as Russia, the European Union, and China have increased the use of counter-sanctions to counter U.S. sanctions and threaten to cause economic damage to parties that choose to comply with U.S. requirements. Any such measures may affect the policies of the previous government.

Faced with these complex and constantly changing issues, anyone involved in compliance should ensure that they understand where we have been and where we are going to help customers develop best practices for trade control and other activities.

For more than 20 years, Practicing Law School (PLI) Provides an introductory plan on trade control laws and regulations. In the live webcast of PLI on December 10th, Responding to U.S. export controls and sanctions, Senior officials from the Department of Commerce, State, Treasury and Justice Department will provide internal investigations These topics. The plan will include interactive discussions between key officials of government agencies that oversee cross-border trade and investment, as well as senior executives and top lawyers with experience in the field.

Practicing Law School is a non-profit learning organization dedicated to keeping lawyers and other professionals at the forefront of knowledge and expertise. PLI is chartered by New York State University’s Regent University and founded in 1933 by Harold P. Seligson. The organization provides the highest quality, accredited, continuous legal and professional education program in various forms. The program is provided by more than 4,000 volunteers, including well-known lawyers, judges, investment bankers, accountants, corporate legal advisors, and U.S. and international government regulatory agencies. PLI publishes a comprehensive collection of papers, course manuals, answer sheets and journal libraries, which are also available through the PLI PLUS online platform. The essence of PLI’s mission is its commitment to public welfare organizations.Check out PLI’s upcoming live webcast Here.

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