Cross-Border Compliance Update

Cross-Border Compliance Update: January 2020

February 3, 2020

Foley Hoag’s Trade Sanctions & Export Controls Practice offers experienced, proactive regulatory advice to help clients avoid regulatory compliance missteps and to prevail in official proceedings. For more information about global compliance, visit the Foley Hoag Trade Sanctions & Export Controls Practice Group.

Included in this Issue:

  • New CFIUS Regulations Released: Final Rules Impact Foreign Investment in Technology, Infrastructure, and Data (TID) Businesses and Real Estate
  • Looking Ahead to Cross-Border Compliance Trends in 2020
  • Latest in Iran Sanctions
  • UK Announces Intent to Propose Post-Brexit “Magnitsky-Style” Sanctions
  • BIS Restricts Export of AI-Powered Geospatial Imagery Software
  • Federal Judge Finds in Exxon’s Favor in Dispute Against OFAC
  • Even Further Restrictions on Air Travel to Cuba
  • Additional Sanctions on Venezuelan Officials
  • Export Control for Small Arms Transferred from USML to CCL
  • Lobbying Firm Settles for Apparent Violations of the Global Terrorism Sanctions Regulations
  • UK Serious Fraud Office Release New Compliance Guidelines

Excerpt:

New CFIUS Regulations Released: Final Rules Impact Foreign Investment in Technology, Infrastructure, and Data (TID) Businesses and Real Estate

On January 13, 2020, the Department of the Treasury issued final regulations (31 CFR §§800, 802) which implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). The regulations go into effect on February 13, 2020. For information on how these changes impact foreign investment, see the January 31, 2020 Foley Hoag M&A Client Alert.

Download the January 2020 Foley Hoag Cross-Border Compliance Update (pdf).