A federal district court judge blocked the Trump administration from enforcing certain sanctions related to the International Criminal Court, saying the sanctions violate free speech rights. The decision, issued Jan. 4 by Judge Katherine Polk Failla in the Southern District of New York, imposes a preliminary injunction on certain sanctions under the International Emergency Economic Powers Act outlined in President Donald Trump’s June executive order against the ICC (see 2006110028 and 2009300003).
The Office of Foreign Assets Control accepted a settlement from a French bank of than $8.5 million for apparent violations U.S. sanctions against Syria, OFAC said in a Jan. 4 notice. Union de Banques Arabes et Françaises (UBAF) operated U.S. dollar accounts for Syrian financial institutions and “indirectly conducted USD business” for those accounts on behalf of the institutions through the U.S. financial system, OFAC said. UBAF agreed to remit $8,572,500 to settle its potential civil liability for 127 “apparent violations.”
The Office of Foreign Assets Control Dec. 31 released its annual terrorist assets report for 2019. The report includes an overview of OFAC terrorism sanctions, their impact, enforcement measures and a summary of blocked assets.
The Office of Foreign Assets Control Jan. 4 issued a revised general license that continues to authorize certain transactions (see 1908060048) with Venezuela's “Interim President” Juan Guaido, his staff and others operating under his government. OFAC also amended frequently asked question 679, which outlines the people and entities covered by general license No. 31A.
Export Compliance Daily is providing readers with some top stories for 2020 in case they were missed.
The United Kingdom officially began operating its autonomous sanctions and export control regimes Jan. 1 and issued a range of guidance for industry as it left the European Union. The documents include a 32-page guidance covering penalties for breaches of U.K. sanctions, a list of the U.K. sanctions regimes and a host of export control guidance, including new procedures for applying for export licenses.
The United Kingdom’s Department for International Trade Dec. 29 updated the guidance on its open general import license and its use. The U.K. updated the guidance and the license to reflect that the Brexit transition period ends Jan. 1, 2021, when the updated version takes effect. The guidance includes explanations of the licensing provisions affected by the end of the transition period, including those related to firearms, chemical weapons and sanctions.
The Office of Foreign Assets Control fined a California technology company nearly $100,000 for sanctions violations, a Dec. 30 Treasury Department notice said. It said BitGo committed 183 violations of U.S. sanctions programs when it allowed people in Cuba, Iran, Sudan, Syria and Ukraine's Crimea region to use its “non-custodial secure digital wallet management service.” The company “had reason to know” the people sanctioned countries were using BitGo’s services, OFAC said, but “failed to implement controls” to prevent the violations.
The State Department released its annual report on U.S. actions taken under the Global Magnitsky Human Rights Accountability Act during 2020. The agency said the U.S. took “significant action” under its human rights sanctions program, which included actions against Chinese officials for human rights abuses in the Xinjiang region (see 2007310028), “corrupt actors” in South Sudan (see 2001080023), and Ugandan officials complicit in an adoption scam victimizing children born in that country (see 2008170018). The report contains a list of all the sanctions targets under the human rights regime in 2020.
Four companies said they may have violated U.S. sanctions and export controls after providing products to blocked parties or not complying with licensing requirements, according to their Securities and Exchange Commission filings. The potential violations involve illegal exports of software, providing services to people in embargoed countries, and sanctioned airline activities.