Trade Compliance Resource Hub

Comment and analysis by Reed Smith lawyers on the latest developments in trade, sanctions and export controls

The Trade Compliance Resource Hub, published by Reed Smith LLP, focuses on legal developments and practical guidance related to international trade compliance. It covers topics such as sanctions enforcement, tariff regulations, customs compliance, export controls, and anti-circumvention measures. The blog addresses regulatory changes affecting global supply chains, including updates on U.S. and EU trade policies, sanctions targeting specific industries or countries, and compliance strategies for businesses operating in complex international environments. It also discusses the impact of geopolitical events on trade restrictions and provides insights into managing risks associated with trade compliance obligations.

Latest from Trade Compliance Resource Hub - Page 3

On 23 April 2026, the EU adopted its 20th package of sanctions against Russia. These measures are contained in (i) Council Regulation (EU) 2026/506 (see here), (ii) Council Implementing Regulation (EU) 2026/509 (see here), and (iii) Council Regulation…

The U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) issued Russia-related General License 134 (“GL 134”) yesterday, which temporarily authorizes the delivery and sale of Russian-origin crude oil and petroleum products that are already on the water…

EU customs authorities are intensifying enforcement around customs classification, with scrutiny of goods assembled in the EU after importation. The European Public Prosecutor’s Office (EPPO) 2025 Annual Report explicitly identifies assembly operations performed after import as a common fraud pattern…

Key Takeaways

  • OFSI has published updated enforcement guidance introducing a new case assessment matrix, discount structures, a settlement scheme, and fixed penalties for procedural breaches.
  • The new framework allows for cumulative discounts for voluntary disclosure (up to 30%), settlement (20%),

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