Global Trade & Foreign Policy Insights

On 30 January 2025, the European Commission published its first annual report on the implementation of EU export controls and the modernised Dual-Use Regulation. The report marks an important milestone in the development of EU export control policy, providing a consolidated overview of the data for 2022 with a view to enhancing transparency in this area.

On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a six-page guidance statement to financial institutions about best practices under the Export Administration Regulations (EAR). 

As a resource to our clients, our global team—which includes attorneys resident in China—has designed a mini-series of presentation recordings outlining recent international trade updates between the U.S. and China in key areas. 

Financial institutions have long asked how—and to what extent—they need to comply with export controls, and recently, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) have started to respond.