Turkey Chapter - International Sanctions and Export Control Society’s Post

On April 24, 2024, President Biden signed into law an emergency supplemental appropriations law that provides substantial military aid to Ukraine, Israel, and Taiwan and could force the sale of TikTok. The bill includes an expansion of the statute of limitations applicable to civil and criminal violations of U.S. sanctions laws, allowing the U.S. government to impose civil and criminal penalties for up to ten years following a violation of sanctions programs administered by the Office of Foreign Assets Control. Learn more here: https://ow.ly/z18F50RAtsG #OFAC #regulations #RegulatoryTrends

📢 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

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

ANCA Chairman Raffi Hamparian is asking you to call your U.S. Representative TODAY to back the immediate passage of 10 pro-Armenian amendments to the Fiscal Year 2025 (FY25) National Defense Authorization Act (H.R.8070). Visit anca.org/NDAACall to be directly connected to your U.S. Representative These amendments would: -- Stop U.S. arms & aid to Azerbaijan -- Investigate Azerbaijan's sanctions evasion -- Secure the release of Armenian POWs and hostages -- Strengthen U.S.-Armenia security ties -- Scrutinize U.S.-Turkey Arms Sales The House Rules Committee will be deciding TOMORROW, June 11th, which amendments the U.S. House will have the opportunity to vote on, either separately or grouped together “en bloc,” during consideration of H.R.8070. Learn more about the amendments and take action now! Visit anca.org/NDAACall to be directly connected to your U.S. Representative

“In the next year, we likely will see the West continuing to impose new sanctions and export controls on Russia, as well as on non-Russian companies and financial institutions that continue to support Russia’s government and military.” Mike Casey at Wilson Sonsini Goodrich & Rosati features as a Distinguished Adviser in our Power Players report on International Trade & Sanctions, imparting his insights. You can find our report here: https://lnkd.in/exDw5s_n #Internationaltrade #sanctions

📣 UK Expands Sanctions Targeting DPRK Military Programs 📜 On April 16, 2024, the UK updated its sanctions list, targeting entities involved in the Democratic People's Republic of Korea's military programs. 🧭 The regulations freeze funds and economic resources of those facilitating DPRK's military activities. Businesses must check and freeze accounts linked to designated persons, refrain from financial dealings, and report findings to the Office of Financial Sanctions Implementation (OFSI). ✅ Failure to comply may result in criminal offenses. The notice provides links for further information on sanctions and reporting procedures. Entities like the National Aerospace Technology Administration are subject to asset freezes under these regulations. Original source 👉: https://lnkd.in/gkDzDWpW #UKsanctions #sanctionsupdate #sanctionscompliance #financialsanctions #OFSI #DPRKmilitary #assetfreezes 

The Russian Federation has banned 227 Americans from entering its territory. The ban applies to those involved in conceiving, carrying out and justifying the anti-Russia policy adopted by the current administration of the United States, as well as those directly involved in anti-Russia undertakings. The decision is part of retaliatory measures in response to the massive and constantly expanding list of sanctions imposed by the American government on Russian citizens for supporting the Kremlin and the special military operation. https://lnkd.in/dZcqu-fe #ExportControl #TradeWar #TSECS #SanctionsUpdate #TurkishSociety #Sanctions #USA #OFAC #BIS #TradeUpdates #GlobalTrade #TradeCompliance #InternationalRelations #EconomicSanctions #TradeRegulations #TurkishExports #TradePolicy #SecurityMatters #ForeignPolicy #ComplianceNews #EconomicSecurity #CrossBorderBusiness

The UN Security Council unanimously adopted Resolution 2745 (2024), lifting the arms embargo on the Central African Republic. The resolution additionally provided that all Member States take “necessary measures to prevent the direct or indirect supply, sale or transfer of arms and related materiel of all types to armed groups and associated individuals operating” in CAR until 31 July 2025. The Council also extended the mandate for the CAR Expert Panel until 31 August 2025. The Panel has been requested to provide progress updates and its final report by 15 June 2025. https://lnkd.in/ehFVK-cf #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

3/3 The FBI, Commerce Department’s Bureau of Industry and Security and Department of State’s Diplomatic Security Service investigated the case with assistance from the Justice Department’s Office of International Affairs. Assistant U.S. Attorneys Jennifer N. Ong and Shiva H. Logarajah for the Southern District of New York prosecuted the case, with assistance from Trial Attorney Garrett Coyle of the National Security Division’s Counterintelligence and Export Control Section. Today’s actions were coordinated through the Justice Department’s Task Force KleptoCapture and the Justice and Commerce Departments’ Disruptive Technology Strike Force. Task Force KleptoCapture is an interagency law enforcement task force dedicated to enforcing the sweeping sanctions, export restrictions and economic countermeasures that the United States has imposed, along with its allies and partners, in response to Russia’s unprovoked military invasion of Ukraine. The Disruptive Technology Strike Force is an interagency law enforcement strike force co-led by the Departments of Justice and Commerce designed to target illicit actors, protect supply chains and prevent critical technology from being acquired by authoritarian regimes and hostile nation states. Updated July 17, 2024