The notice reminds companies outside of the U.S. of their requirements surrounding U.S. sanctions and export control laws to mitigate risks of non-compliance, providing information on:
- Applicability of U.S. sanctions and export control laws to foreign-based persons;
- OFAC enforcement actions against foreign persons;
- BIS enforcement actions against foreign companies or involving foreign-produced items;
- Criminal enforcement of U.S. sanctions and export control laws against foreign persons and entities; and
- Compliance considerations for foreign-based persons.
Firms should review the notice and take any appropriate action to ensure compliance with sanctions and export control requirements.
Sanctions
Advisory and Transformation
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