New Updates for 11-Oct-2024

2024-10-11

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The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

  • 10 Oct 2024 (UK):

    The UK Government announced that the Office of Trade Sanctions Implementation ("OTSI") within the Department for Business and Trade ("DfBT") is now fully operational.

  • 10 Oct 2024 (OFAC):

    ​The U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued a new FAQ (1197​) regarding securities "held" at the U.S.-designated National Settlement Depository ("NSD").

  • 30 Sep 2024 (UK):

    The Export Control Joint Unit ("ECJU") published its 'Notice to Exporters 2024/26', which confirms that intra-corporate services will no longer be listed as a UK licensing consideration in respect of the professional and business services sanctions from October 31, 2024.

The OverRuled: China Trade Controls Resource Center has been updated with the following actions:

  • 10 Oct 2024 (China - Measures and Countermeasures):

    ​The Ministry of Foreign Affairs announced sanctions against three U.S. entities and ten senior managers of the sanctioned entities, in relation to the United States' sales of arms to Taiwan.

Please send an email to subscriptions@overruled.com if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.

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