Welcome to the July 2025 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and...more
7/15/2025
/ Compliance ,
Cuba ,
Customs and Border Protection ,
Economic Sanctions ,
False Claims Act (FCA) ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
National Security ,
SCOTUS ,
Section 232 ,
Syria ,
Tariffs ,
Trade Agreements ,
Trump Administration ,
US Trade Policies
On May 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25, “Authorizing Transactions Prohibited by the Syrian Sanctions Regulations or Involving Certain...more
6/3/2025
/ Corporate Counsel ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Reporting Requirements ,
Syria ,
U.S. Treasury
The US government signals careful optimism with a new general license authorizing some previously prohibited transactions, including many (but not all) transactions with Syrian governing institutions, for the next six months....more
1/13/2025
/ Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Policy ,
General Licenses ,
Global Terrorism Sanctions Regulations (GTSR) ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Sanctions ,
SDN List ,
Syria ,
U.S. Treasury
Recognizing that COVID-19 is further straining humanitarian needs in sanctioned countries and complicating compliance with economic sanctions, and perhaps also in response to reports that US sanctions are hindering COVID-19...more
4/28/2020
/ Coronavirus/COVID-19 ,
Cuba ,
Economic Sanctions ,
Executive Orders ,
FEMA ,
Humanitarian Assistance ,
Iran ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Secondary Sanctions ,
Syria ,
Ukraine ,
Venezuela
On October 23, the President asked the Department of the Treasury to lift previously imposed sanctions against Turkey following the cessation of Turkey’s offensive in Syria and the implementation of a lasting ceasefire....more
BIS has restricted Cuba’s access to commercial aircraft and other goods, lowered de minimis for foreign items containing US content to 10%, and restricted the temporary sojourn by aircraft in Iran, Syria, Sudan, and North...more
10/21/2019
/ Airlines ,
Bureau of Industry and Security (BIS) ,
Cuba ,
Export Administration Regulations (EAR) ,
Exports ,
Foreign Policy ,
General Licenses ,
National Security ,
New Rules ,
North Korea ,
State Sponsors of Terrorism ,
Sudan ,
Syria ,
Trade Restrictions ,
Vessels