On 10 March 2026, the UK Government published a policy paper outlining the UK’s approach to enforcing sanctions breaches (available here). The policy paper sets out that “[r]obust enforcement of UK sanctions is a priority for this government”. The
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.
Latest from Sanctions & Export Controls Update - Page 10
Temporary OFAC General Licenses Authorize Transactions Involving Russian Origin Crude Oil and Petroleum
Following the Trump Administration’s removal of tariffs on products of India for “buying Russian oil” in February, the Office of Foreign Assets Control (“OFAC”) has issued a temporary general license to authorize transactions that are “ordinarily incident and necessary to…
OFAC Issues New General License Authorizing Export of Venezuelan Gold and New Guidance on Energy General Licenses, While Venezuela Begins Efforts to Reform Mining Sector
On March 6, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) continued its trend of selectively easing the Venezuela sanctions by (1) issuing General License No. 51 (“GL 51”), the first general license (“GL”) beyond…
SAVE THE DATE: Milan Trade Day, Tuesday 12 May 2026 at 5:30pm
Baker McKenzie’s Trade, Sanctions, and Customs Practice is pleased to invite you to join us at our upcoming Milan Trade Day 2026. This event will be essential for Italian companies trying to navigate the trade, sanctions, and customs hurdles in a very…
EU: France advances first steps to transpose the EU Sanctions Enforcement Directive
France has taken its first formal step toward implementing Directive (EU) 2024/1226, which requires all EU Member States to criminalise the violation and circumvention of EU restrictive measures. The Directive was adopted to address persistent divergences in national enforcement regimes…
OFAC Issues New FAQ on Licensing the Resale of Venezuelan-Origin Oil to Cuba
On March 5, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an updated FAQ 1238, providing guidance on whether OFAC would approve license applications authorizing the resale of Venezuelan‑origin oil for use in…
2026 Canadian Trade & Customs Outlook: Export Controls
As 2026 brings new compliance challenges and opportunities, Baker McKenzie’s Canadian international trade team is here to help you stay ahead. We are launching our annual series of insights that unpack 2025’s biggest developments and spotlight the trade issues set…
2026 Canadian Trade & Customs Outlook: Sanctions
As 2026 brings new compliance challenges and opportunities, Baker McKenzie’s Canadian international trade team is here to help you stay ahead. We are launching our annual series of insights that unpack 2025’s biggest developments and spotlight the trade issues set…
US Sanctions Russian Zero‑Day Exploit Broker for Theft of Trade Secrets
On February 24, 2026, the US Departments of the Treasury and State announced coordinated sanctions targeting a Russia‑based cyber exploit broker network for the theft and resale of US trade secret cyber tools. These sanctions mark the first ever enforcement…
FinCEN Launches New Whistleblower Submission Process for Fraud, Money Laundering, and Sanctions Violations
On February 13, 2026, the US Treasury Department’s (“Treasury”) Financial Crimes Enforcement Network announced the launch of a new dedicated webpage for the confidential submission of whistleblower tips on fraud, money laundering, and sanctions violations. Based on the press release…