The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 04 Apr 2025 (UK):
The Office of Financial Sanctions Implementation ("OFSI") issued a blog post highlighting the key lessons for industry following its recent announcement that OFSI had issued a monetary penalty of £465,000 against Herbert Smith Freehills CIS LLP ("HSF Moscow").
- 03 Apr 2025 (UK):
The Office of Financial Sanctions Implementation ("OFSI") published the "Legal Services Threat Assessment Report", which is the second report in a series of sector-specific assessments addressing threats to UK sanctions compliance faced by the legal services sector.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 04 Apr 2025 (China - Measures and Countermeasures):
The Ministry of Commerce announced the addition of 16 U.S. entities to the Export Control List, pursuant to the Regulations on the Export Control of Dual-Use Items, to safeguard national security and interests.
- 04 Apr 2025 (China - Measures and Countermeasures):
The Ministry of Commerce added eleven U.S. entities to the Unreliable Entity List, due to their so-called military and technological cooperation with Taiwan.
- 04 Apr 2025 (China - Measures and Countermeasures):
The Ministry of Commerce and the General Administration of Customs jointly issued an announcement to impose export controls on seven categories of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium-related items. The controls took effect on April 4, 2025.
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