The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) continues their campaign to increase corporate accountability and transparency measures and incentivize companies to invest in compliance programs by announcing four significant policy changes to the Export Administration Regulations (EAR). As our U.S. trade team outlines in their latest alert, these new policies, which
Assistant Secretary for Export Enforcement, Matthew S. Axelrod, has previewed some of the ways the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) will change its approach to enforcing export control and antiboycott laws. BIS’s proposed changes in policy seek to further increase transparency, strengthen compliance, and incentivize deterrence.
BIS’s approach echoes similar
Singapore’s Foreign Minister, Vivian Balakrishnan, announced that Singapore would impose unilateral sanctions on Russia for its invasion of Ukraine.
Continue Reading Russian sanctions on exports and financial measures launched by Singapore
On 5 March 2022, Singapore’s Foreign Minister, Vivian Balakrishnan, announced that Singapore would impose unilateral sanctions on Russia for its invasion of Ukraine, which is the first time since 1978 that Singapore has imposed such sanctions.
Continue Reading Update: Russian sanctions on exports and financial measures announced by Singapore