FLEX by Fenwick’s Post

The Justice Department unsealed an indictment charging U.S.-Iranian national Jeffrey Chance Nader, 68, with crimes related to the illicit export of U.S.-manufactured aircraft components, including components used on military aircraft, to Iran in violation of U.S. economic sanctions and other federal laws. Nader was arrested yesterday in California. https://lnkd.in/gfVZTi3B #UKSanctions #Russia #EUCommission #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

#TeamSPB report on the emergency supplemental appropriations law President Biden recently signed that provides $95.3 billion in military aid to U.S. allies and requires the divestiture of certain social media applications. This legislation materially changes U.S. sanctions law by extending the amount of time that regulators and prosecutors have to investigate and prosecute civil and criminal sanctions violations from five to 10 years. What is the scope and impact of the change, and what are the key next steps? ➡️ https://ow.ly/KLV350RMRL1 #ForeignPolicy | #SanctionsLaw | #RegulatoryChanges

On April 24, 2024, President Biden signed into law a 110-page legislative package that extended the statute of limitations for violations of IEEPA and TWEA; provided military aid for Ukraine, Israel and Taiwan; set the stage for the banning of TikTok, and provided authorities for the eventual confiscation of Russian government assets.    Less reported on are the whopping 37 new “secondary sanctions” and other targeting criteria imposed through eight different statutes within the legislation, almost all most which are effective immediately, even though OFAC will likely not implement them in regulations or provide guidance on them for some time.    Keep track of these 37 new bases for sanctions and nearly 700 others with OverRuled’s OFAC Targeting Tool, which allows users to sort through a comprehensive database of all secondary sanctions and other targeting criteria and retrieve relevant provisions in an instant. #ofac, #sanctions, #overruled

In the wake of yesterday’s Federal indictment against senior Democratic Congressman Henry Cuellar - revealing a vast Azerbaijani criminal scheme to manipulate US policy - President Biden must: - Freeze diplomatic relations with Azerbaijan, recalling our Ambassador, and immediately suspending all bilateral programs. - Roll back his reckless waiver of Sec. 907 sanctions on US aid to Azerbaijan’s authoritarian regime - fully enforcing this longstanding provision of the FREEDOM Support Act. - Launch a Department of Justice (Special Counsel) investigation into the Aliyev regime’s efforts to manipulate the Biden Administration into abetting the genocide of Armenians, including by green-lighting US military aid to the corrupt Azerbaijani dictatorship.

In a continued effort to hinder Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. BakerHostetler’s International Trade and National Security Team has updated the Russia-Ukraine War Resource Center to reflect recent developments in Russia sanctions and export controls. #BHAlert #Russia #Ukraine

United Nations Security Council (UNSC) The United Nations Security Council (UNSC) is one of the six principal organs of the United Nations (UN). Its primary responsibility is to maintain international peace and security. Composition: - 15 members: - 5 permanent members (P5): 1. China 2. France 3. Russia 4. United Kingdom 5. United States - 10 non-permanent members (elected for 2-year terms) Powers and Functions: 1. Investigate disputes and recommend solutions 2. Impose economic sanctions or arms embargoes 3. Authorize peacekeeping missions 4. Approve changes to the UN Charter 5. Elect judges to the International Court of Justice #UNSC #Veto

📢 In a new blog, Rita Simões examines a recent judgment of the Court of Justice of the European Union that addresses two significant weaknesses in the effectiveness of EU sanctions enforcement.   ➰ It closes loopholes that have previously enabled companies providing "brokering services" for military goods to and from Russia to bypass EU sanctions. 💶 And it affirms the possibility of confiscating proceeds from sanctions violations, including through administrative proceedings. 🔒💶🔒   ➡️ https://lnkd.in/d7Rqkv3i

Today, we celebrate a historic decision: the removal of Cuba from the list of state sponsors of terrorism by the United States. This move, championed by the Biden administration, marks a significant advance towards justice and respect for human rights on the island. The European Union has been a strong advocate for this measure, highlighting that lifting sanctions will significantly improve the quality of life and uphold human rights in Cuba. This decision also opens new economic and international cooperation opportunities, benefiting millions of Cubans. While there is still much work to be done, this is a step in the right direction. Let's continue working together for a fairer and more equitable future for all! 🌈 #HumanRights #Opportunities #EuropeanUnion #Cuba #PositiveChange