By Edith M. Lederer, The Associated Press,
Published on ABC News on March 2, 2016
The U.N.
Security Council unanimously approved the toughest sanctions on
North Korea in two decades on Wednesday, reflecting growing anger at Pyongyang’s latest nuclear test and rocket launch in defiance of a ban on all nuclear-related activity. [
Read more]
Related Event
Focus on North Korea and Myanmar: Staying Abreast of Changing Sanctions Landscape at:
ACI’s 9th Advanced Conference on Economic Sanctions Enforcement & Compliance
April 27-28, 2016
Westin DC City Center, Washington, DC
This session will review recent developments and illustrate the legal and practical challenges for sanctions compliance in the context of these two contrasting programs – one on the rise and one on the decline. As to North Korea, what is left to sanction and would it make any difference. As to Burma, most sanctions have been relaxed but have the authorizations achieved the desired results. If not, why not?
North Korea
- OFAC prohibitions
- Licensing requirements under the Export Administration Regulations
- US Import restrictions
- Recent legislative initiatives
Burma (Myanmar)
- Prohibitions
- General licenses
- Compliance challenges
- Reporting obligations
Learn more –
http://goo.gl/AgwMca
Tags: Economic Sanctions, Economic Sanctions Enforcement and Compliance, North Korea, OFAC