New Sanctions on Russia, Iran, and North Korea: What Every Compliance Practitioner Needs to Know
A new law signed Aug. 2 by President Trump strengthens and expands U.S. economic sanctions against Russia, Iran, and North Korea. Among other things, this law requires the imposition of sanctions on certain Russian, Chinese, Iranian, and North Korean entities that may include large conglomerates, defense and intelligence sector companies, financial institutions, and others. However, these sanctions could also apply to a significant number of additional companies across various industries under a U.S. rule subjecting any entity 50 percent or more owned by a sanctioned entity to the same restrictions. As a result, exporters will have to adjust or enhance their compliance screening processes to determine whether their customers, suppliers, or others in their supply chains are affected. This webinar will review the new sanctions and how they may affect your business.
- review of existing Russian sanctions
- details of newly expanded sanctions on Russia, Iran, and North Korea
- impact of new sanctions
- required enhancements to compliance programs
STEVEN BROTHERTON is a Member of Sandler, Travis & Rosenberg, P.A., resident in the San Francisco office, and leads its Export Controls and Sanctions Practice. A leading authority on U.S. export control matters, Mr. Brotherton counsels a wide variety of clients, from Fortune 50 companies to mid-size companies to start-ups, on export control laws and regulations. Mr. Brotherton’s practice encompasses advising on the requirements of the Export Administration Regulations (EAR), the International Traffic in Arms Regulations (ITAR), and sanctions regulations administered by the Office of Foreign Assets Control (OFAC).
JARED P. HOLLETT is an Associate with Sandler, Travis & Rosenberg, P.A., resident in the San Francisco office, and a member of its Export Controls & Sanctions Practice. He focuses his practice on the International Traffic in Arms Regulations and the Export Administration Regulations, along with the sanctions regulations administered by the Office of Foreign Assets Control.