Baker McKenzie has recently published a client alert regarding the US Department of Justice’s New Fraud Division Corporate Enforcement Directive issued on October 1, 2026. Corporate fraud schemes involving tariff evasion, importation of goods or services, or forced labor, are
Sanctions & Export Controls Update
The Sanctions & Export Controls Update blog, published by Baker McKenzie, focuses on legal developments and regulatory changes related to international sanctions and export control regimes. It covers topics such as updates on sanctions imposed by governments and international bodies, compliance requirements for businesses, enforcement actions, licensing procedures, and the impact of sanctions on cross-border trade and transactions. The blog also addresses specific country sanctions, dual-use goods regulations, and coordinated international sanctions efforts, providing insights relevant to multinational corporations, legal practitioners, and compliance professionals navigating complex sanctions landscapes.
Blog Authors
Latest from Sanctions & Export Controls Update
OFAC Warns That Foreign Financial Institutions Face Targeting under Iran Sanctions Without Being Provided Advance Notice
On October 5, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published an alert (the “Alert”) warning that foreign financial institutions (“FFIs”) that continue to transact with sanctioned Iranian financial institutions “could be targeted at…
OFAC Consolidates Penalty Provisions in 31 CFR Part 505
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC“) has restructured the location of penalty and enforcement procedure provisions within its regulations. On September 25, 2026, OFAC published a final rule creating 31 CFR Part 505, the…
UK introduces further sectoral sanctions against Iran, further to wider international action by the EU, US and UAE
On 29 September 2026, a range of new and expanded UK sanctions targeting Iran entered into force, following the publication on 8 September 2026 of the Iran (Sanctions) (Amendment) Regulations 2026 (the “Regulations“).
The Regulations amend both the Iran (Sanctions)…
US Department of the Treasury Strengthens Iran Sanctions as Part of Operation Economic Outcast
Earlier this month, as part of Operation Economic Outcast targeting Iran, the US Department of the Treasury ushered in a flurry of administrative and regulatory changes. On September 10, 2026, the Office of Foreign Assets Control (“OFAC“) modified its…
US Lifts Ethiopia-Related Sanctions and Removes Ethiopia from the ITAR Proscribed Country List
On September 18, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the expiration of the national emergency declared in Executive Order 14046 of September 17, 2021, “Imposing Sanctions on Certain Persons With Respect to…
Enforcement Risks Around Criminal Organizations in Latin America Continue to Increase
Two recent pronouncements indicate that enforcement risks around dealing with criminal narcotics trafficking organizations in Latin America continue to increase. We expect the Trump Administration to continue to focus on designating such organizations as Foreign Terrorist Organizations (“FTOs”), sanctioning their…
US President Signs Russia and Iran Sanctions Bill with New Tariff Powers
President Trump signed the much-anticipated Russia (and Iran) sanctions bill into law on Friday, September 18, 2026. The final text of H.R. 5334 is available here.
In Brief
It has been a long journey since Senator Lindsey Graham introduced…
EU Commission Adopts 2026 Delegated Regulation Updating Annex I of the EU Dual-Use Regulation
On September 14, 2026, the EU Commission adopted a Delegated Regulation updating Annex I to Regulation (EU) 2021/821 (“EU Dual-Use Regulation”). Although the changes have not yet entered into force, the Delegated Regulation sets out the expected amendments to the…
National Security Science and Technology Strategy Highlights Expanded Role for Export Controls, Investment Screening, and Data Security
On August 20, 2026, the White House released the National Security Science and Technology Strategy (“NSSTS“), which establishes the Trump administration’s framework for maintaining US technological leadership and protecting critical and emerging technologies. The NSSTS is organized around four pillars:…