Changes to the Wassenaar Arrangement Controls List and UK Sanctions List could impact firms’ compliance requirements
Posts Tagged ‘sanctions’
Changes to the Wassenaar Arrangement Controls List and UK Sanctions List could impact firms’ compliance requirements
Export control professionals have been told to review changes to the Wassenaar Arrangement from the end of last year and upcoming updates to the UK Sanctions List. IOE&IT Export Control Profession Board chair Roger Arthey said both are central to the compliance requirements of several traders. He also warned traders to review the UK government’s…
Read MoreChina now a destination subject to military end-use controls – and other key export control updates
Staying up to date with regulatory and policy decisions from governments both home and abroad is a key task for any export control professional. The IOE&IT Daily Update here updates control professionals on three recent key developments, with insights from IOE&IT Export Control Profession chair, Roger Arthey. China now a destination subject to military end-use…
Read MoreFine for Italian gas boiler component producer shows risks of non-compliance with US control and sanctions rules
A recent fine imposed by the Office of Foreign Assets Control (OFAC) in the US demonstrated the dangers of disregarding US regulations when handling US-controlled items. Italian business Nordgas S.r.l. has agreed to pay $950,000 to settle its potential civil liability for apparent violations of the US Iranian Transactions and Sanctions Regulations (ITSR). The US…
Read MoreThree documents worth reading to avoid ‘inadvertent non-compliance’
For people involved in export controls, keeping an eye on all the latest regulatory changes and developments is a must. Geopolitical events have a genuine impact on the trade of controlled goods with Roger Arthey, chairman of the IOE&IT’s Export Control Profession, saying it is vital companies have up-to-date knowledge to avoid “inadvertent non-compliance”. Three…
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