On April 17, 2026, the Office of Management and Budget (“OMB”) issued Memorandum M‑26‑11 announcing that there will be no annual inflation adjustment to federal civil monetary penalties (“CMPs”) for the calendar year 2026. (For prior annual CMP adjustments, see
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 7
OFAC Issues Advisory on Sham Transactions and Sanctions Evasion
On March 31, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a Sanctions Advisory to raise awareness of potential sanctions risks arising from sham transactions used to evade sanctions. The advisory presents examples and…
China Introduces New State Council Decrees on Supply Chain Security and Countering Unjustifiable Extraterritorial Measures
China has issued two State Council decrees that further develop its legal and institutional framework for responding to foreign measures applied on an extraterritorial basis and for safeguarding the security of industrial and supply chains.
- State Council Decree No. 834,
…
Canada Updates Guide to Export Controls and Proposes Expanded Export Controls on Semiconductors and Advance Manufacturing Goods and Technologies
On April 25, 2026, Canada published a new consultation in the Canada Gazette, Part I on April 25, 2026, concerning a proposed Order Amending the Export Control List (Amendments) under the Export and Import Permits Act. These amendments…
Milan Trade Day 2026 – Trade, sanzioni e sicurezza nazionale nel nuovo scenario globale (12 Maggio)
In un contesto globale segnato da crescenti tensioni geopolitiche e da un ricorso sempre più esteso agli strumenti economici come leve di national security, le imprese si confrontano con un quadro regolatorio in costante evoluzione.
Durante Il Milan Trade Day…
Milan Trade Day 2026 – Trade, sanctions and national security in a changing global landscape (12 May)
Against a backdrop of rising geopolitical tensions and the growing use of economic measures as tools of national security, companies are facing an increasingly complex and fast‑moving regulatory environment.
Milan Trade Day 2026 will examine key developments relating to EU…
UK introduces Sanctions End‑Use Controls
The UK Government has introduced the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 (the “Regulations“), which will come into force on 12 May 2026 (see here).
The Regulations introduce Sanctions End-Use Controls (“SEUC“), a new licensing requirement which the…
UK Government amends UK Syria Sanctions to remove trade restrictions on luxury goods, gold, precious metals, and diamonds
On 22 April 2026, the Syria (Sanctions) (EU Exit) (Amendment) Regulations 2026 (the “Syria Amendment Regulations“) came into force, amending the Syria (Sanctions) (EU Exit) Regulations 2019 (the “Syria Sanctions“) to remove trade restrictions relating to luxury goods, gold, precious…
EU implements 20th sanctions package against Russia
At a glance
- On 6 February 2026, the European Commission presented its 20th Russia sanctions package, focusing on energy, financial services, and trade. Key elements include a future full maritime services ban for Russian crude oil (a decision on implementation
…
OFAC Issues New Venezuela-related General Licenses Authorizing Commercial Negotiations of Contingent Contracts with GOV and Financial Services involving Named Venezuelan Banks
On April 14, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC“) issued two new general licenses (“GLs“) — GL 56 and GL 57, which further ease longstanding US sanctions targeting Venezuela. OFAC also issued a…