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OFAC Updates Iran-Related FAQs

The Department of Treasury’s Office of Foreign Assets Control (OFAC) amended Iran General License (No. K-1) which caused OFAC to amend three Iran-related Frequently Asked Questions: FAQ 804 FAQ 806 FAQ 807 OFAC Notice:...

Canadian Exporting Reporting System Available Now

On December 9, 2019 the Canadian Exporting Reporting System (CERS) became available for use. It will replace the Canadian Automated Export Declaration (CAED). CAED will cease on June 30, 2020. Canada Border Services Agency (CBSA) lists several benefits to the new...

US Suspends Additional Tariff on Imports from China

On December 13, 2019 President Trump announced that after several months of negotiations the US and China have reached an agreement on a Phase One trade deal. Based on the newly found agreement, the additional 15% tariff on List 4B goods imported from China that was...

OFAC Releases Two New Iran FAQs

The Office of Foreign Assets Control (OFAC) has issued two new Iran-related frequently asked question (FAQs). New FAQs: https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_iran.aspx#810 In addition to this notice, OFAC added/made changes to individuals...