Cuba Trade Opportunities: What You Should Know

Size: px
Start display at page:

Download "Cuba Trade Opportunities: What You Should Know"

Transcription

1 Cuba Trade Opportunities: What You Should Know August 8 th, 2016 Jay Brickman, Vice President, Government Services & Cuba Service, Crowley Maritime Alan W. Christian, Senior Export Policy Analyst, Bureau of Industry & Security (BIS) Charles Bishop, Attorney, Sanctions Coordinator, OFAC Jen Diaz, President, Diaz Trade Law

2 Department of Commerce Bureau of Industry and Security (BIS) Cuba Regulatory Updates

3 Summary On December 17, 2014, the President announced Cuba policy changes intended to support the ability of the Cuban people to gain greater control over their own lives and determine their country s future Since then, BIS has published five amendments to the Export Administration Regulations (EAR) (15 CFR 730 et seq.) regarding exports and reexports to the island

4 Jurisdiction and License Requirements Exports and reexports of commodities, software, and technology (i.e., items) License requirement for exports and reexports of all items subject to the EAR unless authorized by license exception ( 746.2(a)) General 25 percent de minimis level for foreignmade items located abroad ( 734.4)

5 Cuba License Exceptions Created License Exception Support for the Cuban People (SCP) ( ) Private sector Civil society Communications Physical presence Temporary exports and reexports Software development

6 Cuba License Exceptions Expanded License Exception Consumer Communications Devices (CCD) ( ) Expanded License Exception Aircraft, Vessels and Spacecraft (AVS) ( ) Expanded License Exception Gift Parcels and Humanitarian Donations (GFT) ( )

7 Cuba Licensing Policy Created civil aviation safety licensing policy ( 746.2(b)(2)(v)) Created environmental protection licensing policy ( 746.2(b)(2)(vi)) Created state-owned enterprise licensing policy ( 746.2(b)(3)(i)) Created private sector exports licensing policy ( 746.2(b)(3)(i)(D)) Revised telecommunications, civil society, U.S. news bureau, and agricultural items licensing policies ( 746.2(b)(2))

8 Rules Cuba: Providing Support for the Cuban People (January 16, 2015; 80 FR 2286) Cuba: Implementing Rescission of State Sponsor of Terrorism Designation (July 22, 2015; 80 FR 43314) Enhancing Support for the Cuban People (September 21, 2015; 80 FR 56898) Cuba Licensing Policy Revisions (January 27, 2016; 81 FR 4580) Cuba: Revisions to License Exceptions and Licensing Policy (March 16, 2016; 81 FR 13972)

9 Contact Information For additional information, contact the BIS Foreign Policy Division at: (202)

10 CUBA UPDATE

11 Agenda General prohibitions Blocking: Cuban nationals unblocked Blocking: Dealing in certain property Exportation: Interplay with Commerce Importation: Mail between the countries Vessels barred from US Ports Authorized travel, travel/carriage services Third-country Implications

12 General prohibitions The Cuban Assets Control Regulations, 31 C.F.R. Part 515 Unless authorized by OFAC or exempt from the CACR Persons subject to the jurisdiction of the United States Prohibited from dealing in property in which Cuba or a Cuban national has an interest Prohibited from exporting a service to Cuba or a Cuban national

13 Certain Cuban nationals unblocked unblocks In the US: A Cuban national who has taken up residence A US citizen, perm resident alien, or lawfully present But not a prohibited GOC official or CCP member In a third country: A Cuban national who has taken up perm residence Must be able to document their situation Caution: Blocking may resume if domiciled in Cuba

14 Dealing in certain property prohibits unless authorized many transactions involving confiscated property the claim to which is owned by a US national.

15 Exportation: Interplay with Commerce 31 C.F.R authorizes in part all transactions ordinarily incident to the exportation of items from the United States, or the reexportation of 100% U.S.-origin items from a third country, to any person within Cuba, provided that the exportation or reexportation is licensed or otherwise authorized by DOC under the EAA. Caution: there are limitations on financing. Read the entire text of 31 C.F.R and the CACR generally.

16 Importation: Mail 31 C.F.R authorizes in part all transactions incident to the receipt or transmission of mail and parcels.

17 Vessels barred from US ports 31 C.F.R prohibits a vessel For 180 days if it engaged in trade of goods/services Ongoing if carrying goods/passengers to/from Cuba 31 C.F.R exempts a vessel that engaged in Trade authorized by or exempted from the CACR or Exports or reexports to Cuba of ag commodities, medicine, or medical devices that are EAR99 Carrying students, faculty, and staff under (a) Providing carriage under.572 or personal travel

18 Categories of Authorized Travel 1. Official business of the U.S. government, foreign governments, and certain intergovernmental organizations ( ); 2. Family visits ( ); 3. Journalistic activity ( ); 4. Professional research and professional meetings ( ); 5. Educational activities ( ); 6. Religious activities ( ); 7. Public performances, clinics, workshops, athletic and other competitions, and exhibitions ( ); 8. Support for the Cuban people ( ); Humanitarian projects ( ); 9. Activities of private foundations or research or educational institutes ( ); 10. Export, import, or transmission of information/informational materials ( ); 11. Certain export transactions that may be considered for authorization under existing Department of Commerce regulations and guidelines with respect to Cuba or engaged in by U.S.-owned or -controlled foreign firms ( and ).

19 Providing travel services Persons subject to the jurisdiction of the US May provide travel services in connection with travel-related transactions involving Cuba authorized pursuant to this part. Required recordkeeping and reporting.

20 Providing Carriage services Persons subject to the jurisdiction of the US May provide carrier services to, from, and within Cuba in connection with travel or transportation, directly or indirectly, between the United States and Cuba of persons, baggage, or cargo authorized pursuant to this part. Required recordkeeping and reporting.

21 Third-Country Implications : Transactions related to conferences in third countries : Global insurance policies covering individuals traveling to Cuba : Provision of Certain goods & services to Cuban nationals located outside of Cuba now authorized Authorization applies to U.S.- owned or -controlled entities located in a third country Including certain financial services

22 Contact OFAC OFAC Miami office OFAC Licensing Division

23 Crowley - Cuba PRIVATE BUSINESS UPDATE Jay S. Brickman

24 Crowley in Cuba Crowley began Exploring the Cuban Market 1978 First voyage to Havana in years of continuous Patience / Passion / Persistence 1

25 Cada quien habla como le va en la feria 2

26 U.S. State Department Senior State Official In spite of our differences with the Cuban Government, our Engagement Policy is Working (Miami Herald) Josefina Vidal MINREX Cuba will never lower its guard when it comes to the United States but the two countries New Relationship offers opportunities to Advance... (Granma) There is significant Progress 3

27 4

28 Terrorist List Diplomatic Relations Expansion of Travel Remittances Financial Transactions Export of Communications Devices Expanded Commercial Sales / Exports 5

29 The expansion will seek to empower the nascent Cuban private sector. Items that will be authorized for export include certain building materials for PRIVATE residential construction, goods for use by private sector, Cuban entrepreneurs, and agricultural equipment for small farmers 6

30 Convert Tourism Industry to be greater Economic Driver for Domestic Growth Unify Currency and Exchange Policies Develop more Professional Services and High-tech Goods for Export More Private Enterprise and Employment Mariel Industrial Zone More opening for Foreign Investment - Goal 246 Projects - $8.7 Billion in four years. 7

31 8 TOURISM & REAL ESTATE Opportunities exist for the development of real estate and tourist centered developments including golf courses and other leisure-related projects. The area includes many sites of natural beauty.

32 A small Country with a huge shadow 9

33 Cuba Nostalgia First Country in Latin America and third in the world to have National Rail Network 1837 First streetcar system in Latin America 1900 Second Country in the world to have a radio Network PWX Broadcast to the U.S Third country with a color TV channel 1958 In the 1950 s Havana had 358 movie theaters more than New York or Paris (A Documental on Cuba TV July 15, 2016) 10

34 Outlook Cuban Development Plan - Non Threatening Political Relations: Venezuela, Russia, China, Iran, U.S. - Key U.S./Cuba Negotiations - Embargo, Guantanamo, Compensation - Difficult Negotiations Trade - Who can Export / Import - Still complicated Areas of interest - Cuba would like to concentrate on larger, well established companies. Industrial trade zone, green energy, cooperatives, franchises - Paciencia 11

35 Thank You!!

U.S. DEPARTMENT OF THE TREASURY

U.S. DEPARTMENT OF THE TREASURY U.S. DEPARTMENT OF THE TREASURY FREQUENTLY ASKED QUESTIONS RELATED TO CUBA This document is explanatory only, does not have the force of law, and does not supplement or modify the Executive Orders, statutes,

More information

SUMMARY: The Department of the Treasury s Office of Foreign Assets Control (OFAC) is

SUMMARY: The Department of the Treasury s Office of Foreign Assets Control (OFAC) is This document is scheduled to be published in the Federal Register on 01/16/2015 and available online at http://federalregister.gov/a/2015-00632, and on FDsys.gov DEPARTMENT OF THE TREASURY Office of Foreign

More information

Federal Register / Vol. 80, No. 11 / Friday, January 16, 2015 / Rules and Regulations

Federal Register / Vol. 80, No. 11 / Friday, January 16, 2015 / Rules and Regulations Federal Register / Vol. 80, No. 11 / Friday, January 16, 2015 / Rules and Regulations 2291 Supplement No. 2 to Part 748 [Amended] 9. In Supplement No. 2 to part 748, remove and reserve paragraph (d). Dated:

More information

United States House Foreign Affairs Committee. February 4, 2015

United States House Foreign Affairs Committee. February 4, 2015 Written Testimony on OFAC s Cuba Regulatory Changes of John E. Smith Deputy Director of the Office of Foreign Assets Control United States Department of the Treasury United States House Foreign Affairs

More information

REGULATORY ADVISORY March 9, 2015

REGULATORY ADVISORY March 9, 2015 REGULATORY ADVISORY SIGNIFICANT UNCERTAINTIES AND RISKS REMAIN FOLLOWING U.S. GOVERNMENT S EASING OF CUBA SANCTIONS TO AUTHORIZE NEW TELECOMMUNICATIONS-RELATED TRANSACTIONS Kent Bressie, Cecil Hunt & Danielle

More information

CIRCULAR 2012. TRAVEL, CARRIER and REMITTANCE FORWARDING SERVICE PROVIDER PROGRAM OFFICE OF FOREIGN ASSETS CONTROL

CIRCULAR 2012. TRAVEL, CARRIER and REMITTANCE FORWARDING SERVICE PROVIDER PROGRAM OFFICE OF FOREIGN ASSETS CONTROL CIRCULAR 2012 TRAVEL, CARRIER and REMITTANCE FORWARDING SERVICE PROVIDER PROGRAM OFFICE OF FOREIGN ASSETS CONTROL July 2012 CIRCULAR 2012 Subject TABLE OF CONTENTS Page I. Overview 3 II. Service Provider

More information

Table of Contents 746.1 INTRODUCTION

Table of Contents 746.1 INTRODUCTION Embargoes and Other Special Controls Part 746 page 1 Table of Contents 746.1 INTRODUCTION... 1 746.2 CUBA... 2 746.3 IRAQ... 5 746.4 NORTH KOREA... 8 746.5 RUSSIAN INDUSTRY SECTOR SANCTIONS... 9 746.6

More information

Presented by: Erich C. Ferrari, Ferrari Legal, P.C.

Presented by: Erich C. Ferrari, Ferrari Legal, P.C. Presented by: Erich C. Ferrari, Ferrari Legal, P.C. The Iranian Transactions Regulations is a comprehensive trade ban. It effects U.S. Persons U.S. Citizensà Dual Citizenship doesn t matter U.S. Permanent

More information

Cuba, the USA and the EU: Forging closer ties, looking to the future

Cuba, the USA and the EU: Forging closer ties, looking to the future DIRECTORATE-GENERAL FOR EXTERNAL POLICIES POLICY DEPARTMENT IN-DEPTH ANALYSIS Cuba, the USA and the EU: Forging closer ties, looking to the future Author: Jesper TVEVAD ABSTRACT On 1 July 2015, Cuba and

More information

EXPORT CONTROLS AND RESEARCH AT WPI TRAINING PRESENTATION

EXPORT CONTROLS AND RESEARCH AT WPI TRAINING PRESENTATION EXPORT CONTROLS AND RESEARCH AT WPI TRAINING PRESENTATION EXPORT CONTROL LAWS WHAT ARE EXPORT CONTROLS? U.S. laws and their implementing regulations that govern the distribution to foreign nationals and

More information

United States Export Controls on Internet Software Transactions. John F. McKenzie Partner, Baker & McKenzie LLP

United States Export Controls on Internet Software Transactions. John F. McKenzie Partner, Baker & McKenzie LLP United States Export Controls on Internet Software Transactions John F. McKenzie Partner, Baker & McKenzie LLP August 2010 Table of Contents 1. Introduction...1 2. The Concept of an "Export" for Export

More information

UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY WASHINGTON, D.C. 20230

UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY WASHINGTON, D.C. 20230 UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY WASHINGTON, D.C. 20230 In the Matter of Winter Aircraft Products SA m a Ruf S. Lopez SA CFerrocarril41 1 DCHA 28045 Madrid, Spain and

More information

Since the events of September 11,

Since the events of September 11, Reproduced by permission. 2004 Colorado Bar Association, 33 The Colorado Lawyer 117 (October 2004). All rights reserved. PROFESSIONAL CONDUCT AND LEGAL ETHICS Federal Anti-Terrorism Laws And Law Firm Clients

More information

INTERNATIONAL BUSINESS PLANNING CHECKLIST. For Development of Overall International Business Plan

INTERNATIONAL BUSINESS PLANNING CHECKLIST. For Development of Overall International Business Plan INTERNATIONAL BUSINESS PLANNING CHECKLIST For Development of Overall International Business Plan Thomas B. McVey 1 Introduction: The following Checklist is designed to be used by a Company s senior management

More information

CUSTOMS CODE OF THE CUSTOMS UNION I. GENERAL PART. Section 1. FUNDAMENTALS. Chapter 1 General provisions

CUSTOMS CODE OF THE CUSTOMS UNION I. GENERAL PART. Section 1. FUNDAMENTALS. Chapter 1 General provisions CUSTOMS CODE OF THE CUSTOMS UNION I. GENERAL PART Section 1. FUNDAMENTALS Chapter 1 General provisions Unofficial translation Attention: this translation is incomplete and would be updated and revised

More information

UNITED STATES OF AMERICA

UNITED STATES OF AMERICA TREATIES AND OTHER INTERNATIONAL ACTS SERIES 13156 EDUCATION American International School Agreement Between the UNITED STATES OF AMERICA and CROATIA Signed at Zagreb June 27, 2001 NOTE BY THE DEPARTMENT

More information

AVIATION REGULATORY UPDATE

AVIATION REGULATORY UPDATE BOEING AND EX-IM BANK FIND SUPPORT IN FEDERAL COURT AS CONGRESSIONAL REAUTHORIZATION LOOMS With its controversial reauthorization scheduled to be brought before Congress this June, the Export- Import Bank

More information

RISK MANAGEMENT AND COMPLIANCE: LOOKING AT THE BIG PICTURE HOW TO IDENTIFY AND MANAGE MONEY-LAUNDERING RISK

RISK MANAGEMENT AND COMPLIANCE: LOOKING AT THE BIG PICTURE HOW TO IDENTIFY AND MANAGE MONEY-LAUNDERING RISK RISK MANAGEMENT AND COMPLIANCE: LOOKING AT THE BIG PICTURE HOW TO IDENTIFY AND MANAGE MONEY-LAUNDERING RISK This presentation exposes money laundering from every perspective and will empower you to identify

More information

INTRODUCTION TO THE FEDERAL MARITIME COMMISSION AND THE U.S. SHIPPING ACT OF 1984

INTRODUCTION TO THE FEDERAL MARITIME COMMISSION AND THE U.S. SHIPPING ACT OF 1984 INTRODUCTION TO THE FEDERAL MARITIME COMMISSION AND THE U.S. SHIPPING ACT OF 1984 American Association of Port Authorities Marine Terminal Management Training Program Philadelphia, PA October 9, 2014 Presented

More information

http://www.bis.doc.gov

http://www.bis.doc.gov If you ship a commercial item from the United States to a foreign destination, your transaction is likely to be subject to the jurisdiction of the U.S. Department of Commerce. The Bureau of Industry and

More information

SPECIAL RECOMMENDATION IX: CASH COURIERS DETECTING AND PREVENTING THE CROSS-BORDER TRANSPORTATION OF CASH BY TERRORISTS AND OTHER CRIMINALS

SPECIAL RECOMMENDATION IX: CASH COURIERS DETECTING AND PREVENTING THE CROSS-BORDER TRANSPORTATION OF CASH BY TERRORISTS AND OTHER CRIMINALS )LQDQFLDO$FWLRQ7DVN)RUFH RQ0RQH\/DXQGHULQJ *URXSHGDFWLRQILQDQFLqUH VXUOHEODQFKLPHQWGHFDSLWDX[ '(7(&7,1*$1'35(9(17,1*7+(&5266%25'(5 75$163257$7,212)&$6+%

More information

Anti-Money Laundering Issues for Securities Transfer Agents

Anti-Money Laundering Issues for Securities Transfer Agents Anti-Money Laundering Issues for Securities Transfer Agents Stanley V. Ragalevsky, Esq. Kirkpatrick & Lockhart LLP 75 State Street Boston, MA 02110 (617) 261-3100 Caveat This outline and the oral presentation

More information

Republic of Angola. Law No 5/97 Foreign Exchange Law

Republic of Angola. Law No 5/97 Foreign Exchange Law Republic of Angola Law No 5/97 Foreign Exchange Law 27 June, 1997 Considering, due to the reorganization of the financial system it is imperative that norms and principles which have been valid until the

More information

Introduction To Commerce Department. Export Controls U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY OFFICE OF EXPORTER SERVICES

Introduction To Commerce Department. Export Controls U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY OFFICE OF EXPORTER SERVICES Introduction To Commerce Department Export Controls U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY AND SECURITY OFFICE OF EXPORTER SERVICES Overview The Department of Commerce s Bureau of Industry and

More information

DEPARTMENT OF TRANSPORTATION. Hours of Service of Drivers: R&R Transportation Group; Application for Exemption

DEPARTMENT OF TRANSPORTATION. Hours of Service of Drivers: R&R Transportation Group; Application for Exemption This document is scheduled to be published in the Federal Register on 10/02/2015 and available online at http://federalregister.gov/a/2015-25132, and on FDsys.gov DEPARTMENT OF TRANSPORTATION [4910-EX-P]

More information

DEPARTMENT OF THE TREASURY WASHINGTON, D.C. ZOZZO

DEPARTMENT OF THE TREASURY WASHINGTON, D.C. ZOZZO DEPARTMENT OF THE TREASURY WASHINGTON, D.C. ZOZZO SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is made by and between the U.S. Department of the Treasury's Office offoreign Assets Control

More information

Table of Contents 738.1 INTRODUCTION (CCL) STRUCTURE

Table of Contents 738.1 INTRODUCTION (CCL) STRUCTURE Commerce Control List Overview and the Country Chart Part 738 page 1 Table of Contents 738.1 INTRODUCTION... 1 738.2 COMMERCE CONTROL LIST (CCL) STRUCTURE... 1 738.3 COMMERCE COUNTRY CHART STRUCTURE...

More information

Department of State Questions. 1. Why do I need to get the U.S. Government s approval to export and import defense articles and defense services?

Department of State Questions. 1. Why do I need to get the U.S. Government s approval to export and import defense articles and defense services? Department of State Questions 1. Why do I need to get the U.S. Government s approval to export and import defense articles and defense services? Because Section 38 of the Arms Exports Control Acts (AECA)

More information

Imposition of Special Measure against Banca Privada d Andorra as a Financial Institution of Primary Money Laundering Concern

Imposition of Special Measure against Banca Privada d Andorra as a Financial Institution of Primary Money Laundering Concern (BILLINGCODE: 4810-02) DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 1010 RIN 1506-AB30 Imposition of Special Measure against Banca Privada d Andorra as a Financial Institution

More information

Wider Caribbean Region Multilateral Technical Operating Procedures for Offshore Oil Pollution Response MTOP

Wider Caribbean Region Multilateral Technical Operating Procedures for Offshore Oil Pollution Response MTOP 1 Wider Caribbean Region Multilateral Technical Operating Procedures for Offshore Oil Pollution Response MTOP This is a public version of the MTOP Document. In this version, the agencies and offices responsible

More information

956 CMR COMMONWEALTH HEALTH INSURANCE CONNECTOR AUTHORITY 956 CMR 8.00: STUDENT HEALTH INSURANCE PROGRAM

956 CMR COMMONWEALTH HEALTH INSURANCE CONNECTOR AUTHORITY 956 CMR 8.00: STUDENT HEALTH INSURANCE PROGRAM Section 8.01: General Provisions 8.02: Definitions 8.03: Mandatory Health Insurance Coverage 8.04: Student Health Insurance Program Requirements 8.05: Waiver of Participation due to Comparable Coverage

More information

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION

DAWEI Sea PROJECT Port Project DAWEI AND THE REGION February 2012 DAWEI Sea PROJECT Port Project DAWEI AND THE REGION PROJECT LOCATION Kunming India Middle East / Europe Dawei Africa Asia Regional Hub DAWEI Sea PROJECT Port Project DAWEI PROJECT OVERVIEW

More information

AGENCY: Animal and Plant Health Inspection Service, USDA. SUMMARY: We are changing the hourly rates charged for Sundays, holidays, or other overtime

AGENCY: Animal and Plant Health Inspection Service, USDA. SUMMARY: We are changing the hourly rates charged for Sundays, holidays, or other overtime This document is scheduled to be published in the Federal Register on 10/02/2015 and available online at http://federalregister.gov/a/2015-25101, and on FDsys.gov BILLING CODE: 3410-34-P DEPARTMENT OF

More information

SUMMARY: This Interpretive Release sets forth an interpretation of the regulation

SUMMARY: This Interpretive Release sets forth an interpretation of the regulation [Billing Code 4810-02-P] United States Department of Treasury Financial Crimes Enforcement Network 31 CFR Part 103 Interpretive Release 2004-1 Anti-Money Laundering Program Requirements For Money Services

More information

Audit Module: Self-Assessment Tool

Audit Module: Self-Assessment Tool U.S. DEPARTMENT OF COMMERCE BUREAU OF INDUSTRY & SECURITY OFFICE OF EXPORTER SERVICES EXPORT MANAGEMENT & COMPLIANCE DIVISION www.bis.doc.gov EXPORT MANAGEMENT & COMPLIANCE PROGRAM Audit Module: Self-Assessment

More information

Performs the Federal coordination role for supporting the energy requirements associated with National Special Security Events.

Performs the Federal coordination role for supporting the energy requirements associated with National Special Security Events. ESF Coordinator: Energy Primary Agency: Energy Support Agencies: Agriculture Commerce Defense Homeland Security the Interior Labor State Transportation Environmental Protection Agency Nuclear Regulatory

More information

Islamabad, Pakistan Date: August 20, 2015 To: Offeror Page 1 of 8

Islamabad, Pakistan Date: August 20, 2015 To: Offeror Page 1 of 8 Embassy of the United States of America Islamabad, Pakistan Date: August 20, 2015 To: Offeror Page 1 of 8 Request Number: 4529971 Drafted by: Abid Rizvi From: Contracting Officer General Services Office

More information

Federal Register / Vol. 79, No. 89 / Thursday, May 8, 2014 / Rules and Regulations

Federal Register / Vol. 79, No. 89 / Thursday, May 8, 2014 / Rules and Regulations 26365 oil during the marketing year beginning on June 1, 2014, shall be as follows: (a) Class 1 (Scotch) oil a salable quantity of 1,149,030 pounds and an allotment percentage of 55 percent. (b) Class

More information

Preamble. The United States of America and the Republic of Iraq, referred to hereafter as "the Parties":

Preamble. The United States of America and the Republic of Iraq, referred to hereafter as the Parties: Agreement Between the United States of America and the Republic of Iraq On the Withdrawal of United States Forces from Iraq and the Organization of Their Activities during Their Temporary Presence in Iraq

More information

LAW ON MANDATORY SOCIAL SECURITY INSURANCE CONTRIBUTIONS

LAW ON MANDATORY SOCIAL SECURITY INSURANCE CONTRIBUTIONS LAW ON MANDATORY SOCIAL SECURITY INSURANCE CONTRIBUTIONS (the Official Gazette no. 84/04, 61/05, 62/06 and 5 / 09) Revised text ended with the Amendments from the Official Gazette of the Republic of Serbia

More information

Supplier Code of Conduct. Ashland Inc. With good chemistry great things happen.

Supplier Code of Conduct. Ashland Inc. With good chemistry great things happen. Supplier Code of Conduct Ashland Inc. With good chemistry great things happen. Our Vision What we seek to become. Our vision is to be viewed as the best specialty chemical company in the world. Our Mission

More information

STATES OF JERSEY DRAFT EU LEGISLATION (CIVIL AVIATION INSURANCE) (JERSEY) REGULATIONS 201-

STATES OF JERSEY DRAFT EU LEGISLATION (CIVIL AVIATION INSURANCE) (JERSEY) REGULATIONS 201- STATES OF JERSEY r DRAFT EU LEGISLATION (CIVIL AVIATION INSURANCE) (JERSEY) REGULATIONS 201- Lodged au Greffe on 2nd June 2015 by the Minister for External Relations STATES GREFFE 2015 Price code: C P.61

More information

FAQs About RESPA for Industry

FAQs About RESPA for Industry FAQs About RESPA for Industry 1. What kinds of transactions are covered under RESPA? Transactions involving a federally related mortgage loan, which includes most loans secured by a lien (first or subordinate

More information

No securities regulatory authority has expressed an opinion about these annuities. It is an offense to claim otherwise.

No securities regulatory authority has expressed an opinion about these annuities. It is an offense to claim otherwise. Put your money to work Fixed Term Annuities Presenting Higher Yield Returns A to AAA Rated (S&P) Flexible terms April 2, 2010 No securities regulatory authority has expressed an opinion about these annuities.

More information

International Fund Transfers

International Fund Transfers AUGUST 22, 2014 International Fund Transfers SMALL ENTITY COMPLIANCE GUIDE VERSION 3.0 1 Table of Contents 1. Introduction... 4 I. What is the purpose of this guide?... 4 II. Who should read this guide?...

More information

Benefits for Permanent Residents and Naturalization

Benefits for Permanent Residents and Naturalization Benefits for Permanent Residents and Naturalization Page 1 of 171 Benefits for Permanent Residents and Naturalization WHAT INFORMATION ARE YOU SEEKING? (PLEASE CHOOSE ONE BELOW) 4.3.1 Information About

More information

Puerto Rico: US Territory with Compelling Tax Incentives

Puerto Rico: US Territory with Compelling Tax Incentives Puerto Rico: US Territory with Compelling Tax Incentives Puerto Rico is a beautiful tropical island 100-mile long and 35-mile wide in the Caribbean Sea and has the almost unique status of being a Commonwealth

More information

1. FALLBACK AT THE CUSTOMS OFFICE OF EXPORT 1.1. UNAVAILABILITY OF THE CUSTOMS AUTHORITIES' SYSTEM

1. FALLBACK AT THE CUSTOMS OFFICE OF EXPORT 1.1. UNAVAILABILITY OF THE CUSTOMS AUTHORITIES' SYSTEM ANNEX 1 FALLBACK RULES This Annex describes specific rules for the use of the fallback procedure under Articles 787(2) and 842b(3) CCIP where the customs authorities' system is not functioning the economic

More information

SETTLEMENT AGREEMENT

SETTLEMENT AGREEMENT DEPARTMENT OF THE TREASURY WASHINGTON, D.C. 20220 MUL~762365 SETTLEMENT AGREEMENT This Settlement Agreement (the "Agreement") is made by and between the U.S. Department ofthe Treasury's Office of Foreign

More information

INSPECTOR GENERAL DEPARTMENT OF DEFENSE 4800 MARK CENTER DRIVE ALEXANDRIA, VIRGINIA 22350-1500

INSPECTOR GENERAL DEPARTMENT OF DEFENSE 4800 MARK CENTER DRIVE ALEXANDRIA, VIRGINIA 22350-1500 INSPECTOR GENERAL DEPARTMENT OF DEFENSE 4800 MARK CENTER DRIVE ALEXANDRIA, VIRGINIA 22350-1500 MEMORANDUM FOR DISTRIBUTION SUBJECT: Government Accountability Office (GAO) Weekly Activity Rep01i Attached

More information

The Department of the Treasury established the Financial Crimes

The Department of the Treasury established the Financial Crimes Appendix A Financial Crimes Enforcement Network Programs The Department of the Treasury established the Financial Crimes Enforcement Network in April 1990. 33 FinCEN s original mission was to establish

More information

Fertilizer is a world market commodity, which means that supply

Fertilizer is a world market commodity, which means that supply Supply & demand, Energy Drive Global fertilizer prices The Fertilizer Institute Nourish, Replenish, Grow Fertilizer is a world market commodity necessary for the production of food, feed, fuel fiber. &

More information

SEA Europe input on future EU-US Transatlantic Trade and Investment Partnership

SEA Europe input on future EU-US Transatlantic Trade and Investment Partnership SEA Europe input on future EU-US Transatlantic Trade and Investment Partnership SEA Europe is the Association for Ships and Maritime Equipment. Originating from the fusion of EMEC, the European Marine

More information

This bulletin explains the application of retail sales tax (RST) to certain insurance contracts that relate to Manitoba, at the rate of 8%.

This bulletin explains the application of retail sales tax (RST) to certain insurance contracts that relate to Manitoba, at the rate of 8%. BULLETIN NO. 061 Issued July 15, 2012 Revised July 2013 THE RETAIL SALES TAX ACT INSURANCE This bulletin explains the application of retail sales tax (RST) to certain insurance that relate to Manitoba,

More information

SIERRA LEONE UPDATES FROM THE INSTANBUL PRIORITY AREAS OF ACTION

SIERRA LEONE UPDATES FROM THE INSTANBUL PRIORITY AREAS OF ACTION SIERRA LEONE UPDATES FROM THE INSTANBUL PRIORITY AREAS OF ACTION 1 OUTLINE OF PRESENTATION Recent Developments Istanbul Priority Areas of Action Poverty Levels Agenda for Prosperity Challenges Conclusion

More information

13-25a-101. Title. This chapter is known as the "Telephone and Facsimile Solicitation Act."

13-25a-101. Title. This chapter is known as the Telephone and Facsimile Solicitation Act. 13-25a-101. Title. This chapter is known as the "Telephone and Facsimile Solicitation Act." Enacted by Chapter 26, 1996 General Session 13-25a-102. Definitions. As used in this chapter: (1) "Advertisement"

More information

CROWN LAW STATUTORY OFFENCES REQUIRING THE CONSENT OF THE ATTORNEY-GENERAL

CROWN LAW STATUTORY OFFENCES REQUIRING THE CONSENT OF THE ATTORNEY-GENERAL CROWN LAW STATUTORY OFFENCES REQUIRING THE CONSENT OF THE ATTORNEY-GENERAL As at 1 July 2013 Antarctica Act 1960 s 3 Offences in Ross Dependency or any part of Antarctica other than the Ross Dependency

More information

Small Business Loan Guarantee Program

Small Business Loan Guarantee Program Small Business Loan Guarantee Program Economic Analysis New Business Start-ups Business Growth & Expansions Business Finance Small Business Loan Guarantee Program The Small Business Loan Guarantee Program

More information

Business Account Card

Business Account Card New Update : IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions

More information

Appendix D Fundamentals of the

Appendix D Fundamentals of the Appendix D Fundamentals of the Funds Transfer Process Essentially, an electronic funds transfer is a transaction by which funds move from one institution to another or one account to another at the direction

More information

Offsets in Defense Trade

Offsets in Defense Trade Offsets in Defense Trade Sixteenth Study Conducted Pursuant to Section 723 of the Defense Production Act of 1950, as Amended U.S. Department of Commerce Bureau of Industry and Security January 2012 Table

More information

C;Jl-\s{t AM ~Il. C~\At_cl'~;!i (:. )bj'~\:y~f'" ZUCKERT SCOUTT [y RASENBERGER. L.L.P.

C;Jl-\s{t AM ~Il. C~\At_cl'~;!i (:. )bj'~\:y~f' ZUCKERT SCOUTT [y RASENBERGER. L.L.P. C;Jl-\s{t AM ~Il. C~\At_cl'~;!i (:. )bj'~\:y~f'" ZUCKERT SCOUTT [y RASENBERGER. L.L.P..3.'18 ~e\'enteenth StrFet.,"1'1 v\~lshjr1:j,ton, DC 20(XJ6-33,19 Tdephone 1202J 208-R';(,() F,LX [202J 7,42-U6W, \,

More information

February 3, 2011. Marvin C. Jones, Esquire Jasper County Attorney Post Office Box 420 Ridgeland, South Carolina 29936. Dear Mr.

February 3, 2011. Marvin C. Jones, Esquire Jasper County Attorney Post Office Box 420 Ridgeland, South Carolina 29936. Dear Mr. A LAN WILSON AITORNEY G ENERAL Marvin C. Jones, Esquire Jasper County Attorney Post Office Box 420 Ridgeland, South Carolina 29936 Dear Mr. Jones: We received your letter requesting an opinion of this

More information

Loan Originator Compensation Requirements under the Truth In Lending Act

Loan Originator Compensation Requirements under the Truth In Lending Act BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1026 [Docket No. CFPB-2013-0013] RIN 3170-AA37 Loan Originator Compensation Requirements under the Truth In Lending Act (Regulation Z); Prohibition on

More information

ANALYSIS OF ACTUAL LIBERALISATION VERSUS

ANALYSIS OF ACTUAL LIBERALISATION VERSUS Original: English ANALYSIS OF ACTUAL LIBERALISATION VERSUS QUAD MEMBERS GATS COMMITMENTS AND OFFERS: FOCUS ON A) MODE 1 AND B) TOURISM AND TRAVEL RELATED SERVICES TABLE OF CONTENTS I. INTRODUCTION... 1

More information

OPEN MARKETS FOR INTERNATIONAL TRADE AND INVESTMENT

OPEN MARKETS FOR INTERNATIONAL TRADE AND INVESTMENT OPEN MARKETS FOR INTERNATIONAL TRADE AND INVESTMENT Fast Facts In 2008, more than 38 million jobs in America more than one in five depended on international trade exports and imports. 1 In 1992, a year

More information

The Bermuda Stock Exchange

The Bermuda Stock Exchange The Bermuda Stock Exchange Foreword This Memorandum has been prepared for the assistance of anyone who requires information about the Bermuda Stock Exchange. It deals in broad terms with the Bermuda Stock

More information

Final Rule: Definitions of Transmittal of Funds and Funds Transfer

Final Rule: Definitions of Transmittal of Funds and Funds Transfer FEDERAL RESERVE SYSTEM Docket No. OP- 1445 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 1010 RIN 1506-AB20 Final Rule: Definitions of Transmittal of Funds and Funds Transfer

More information

working group on foreign policy and grand strategy

working group on foreign policy and grand strategy A GRAND STRATEGY ESSAY Managing the Cyber Security Threat by Abraham Sofaer Working Group on Foreign Policy and Grand Strategy www.hoover.org/taskforces/foreign-policy Cyber insecurity is now well established

More information

white paper Mitigate Risk in Handling ediscovery Data Subject to the U.S. Export Control Laws and Regulations

white paper Mitigate Risk in Handling ediscovery Data Subject to the U.S. Export Control Laws and Regulations white paper Mitigate Risk in Handling ediscovery Data Subject to the U.S. Export Control Laws and Regulations WWW.EPIQSYSTEMS.COM 800 314 5550 Mitigate Risk in Handling ediscovery Data Subject to the U.S.

More information

Chairman's Draft Paper 3 March 2010

Chairman's Draft Paper 3 March 2010 Chairman's Draft Paper 3 March 2010 Elements 1. Preamble/ Principles 2. Goals and Objectives 3. Scope 4. Criteria for the transfer of conventional arms and other related items 5.. Implementation and Application

More information

Break Out Session: Mortgage Loan Servicing and Administration

Break Out Session: Mortgage Loan Servicing and Administration Break Out Session: Mortgage Loan Servicing and Administration 2 Agenda Mortgage Servicing Rules (Real Estate Settlement Procedures Act [RESPA] and Truth in Lending Act [TILA]) Effective Date: Applications

More information

Personal Credits. Allowed. (Appendix B) FRC Report No. 231B

Personal Credits. Allowed. (Appendix B) FRC Report No. 231B Georgia Tax Credits: Details of the Business and Personal Credits Allowed Against Georgia s Income Tax (Appendix B) Laura Wheeler Fiscal Research Center Andrew Young School of Policy Studies Georgia State

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event

More information

U.S.-FRANCE ESTATE TAX TREATY

U.S.-FRANCE ESTATE TAX TREATY U.S.-FRANCE ESTATE TAX TREATY Convention between the government of the United States of America and the government of the French Republic for the avoidance of double taxation and the prevention of fiscal

More information

BANKING IN WASHINGTON

BANKING IN WASHINGTON Chapter 7 BANKING IN WASHINGTON Richard L. Goldfarb 1 and Jerry C. Chiang 2 7.1 OPERATING AN ALIEN BANK IN WASHINGTON 7.1.1 The Alien Bank Act Banks organized under the laws of a foreign country are called

More information

LAW No. 57. Of 6 August 2008. The General Merchant Marine THE NATIONAL ASSEMBLY DECREES: Title I. Enrollment. Chapter I. Registration of Vessels

LAW No. 57. Of 6 August 2008. The General Merchant Marine THE NATIONAL ASSEMBLY DECREES: Title I. Enrollment. Chapter I. Registration of Vessels LAW No. 57 Of 6 August 2008 The General Merchant Marine THE NATIONAL ASSEMBLY DECREES: Title I Enrollment Chapter I Registration of Vessels Section 1 General Provisions Article 1. The registration of a

More information

A LIST OF COUNTRIES WITH RESTRICTIVES MEASURES IN THE FIELD OF MARINE INSURANCE INTERNATIONAL TRADE

A LIST OF COUNTRIES WITH RESTRICTIVES MEASURES IN THE FIELD OF MARINE INSURANCE INTERNATIONAL TRADE A LIST OF COUNTRIES WITH RESTRICTIVES MEASURES IN THE FIELD OF MARINE INSURANCE INTERNATIONAL TRADE ship ALGERIA only when insurance is taken out by an Algerian importer have not to be insured locally

More information

MERCHANT SHIPPING (LIMITATION OF SHIPOWNERS LIABILITY) (AMENDMENT) ORDINANCE 2005

MERCHANT SHIPPING (LIMITATION OF SHIPOWNERS LIABILITY) (AMENDMENT) ORDINANCE 2005 A7 MERCHANT SHIPPING (LIMITATION OF SHIPOWNERS 2005 CONTENTS Section Page 1. Short title and commencement... A9 2. Interpretation... A9 3. Convention to have force of law... A11 4. Application... A13 5.

More information

Global Executive Banking

Global Executive Banking Global Executive Banking IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT AT CITIGROUP To help the United States Government fight terrorism and money laundering, Federal law requires us to obtain, verify,

More information

CFIUS and Network Security Agreements 1

CFIUS and Network Security Agreements 1 CFIUS and Network Security Agreements 1 Mark E. Plotkin 2 David M. Marchick 3 David N. Fagan 4 This memorandum provides an overview of the principal U.S. government national security considerations and

More information

SAMPLE SMALL AND MINORITY-OWNED TELECOMMUNICATIONS BUSINESS PARTICIPATION PLAN

SAMPLE SMALL AND MINORITY-OWNED TELECOMMUNICATIONS BUSINESS PARTICIPATION PLAN SAMPLE SMALL AND MINORITY-OWNED TELECOMMUNICATIONS BUSINESS PARTICIPATION PLAN Pursuant to T.C.A. 65-5-112, as amended, Reseller A, Inc. ( Reseller A ) submits this small and minority-owned Telecommunications

More information

Guide to importing and exporting

Guide to importing and exporting Guide to importing and exporting September 2011 Version 41 Table of contents Introduction 4 We have the solutions for your needs...4 Important Information...4 Getting started 5 What do I do first?...5

More information

Purchasing Insurance From Unlicensed Insurers By P. BRUCE WRIGHT, JOHN W. WEBER AND KAREN DEIBERT

Purchasing Insurance From Unlicensed Insurers By P. BRUCE WRIGHT, JOHN W. WEBER AND KAREN DEIBERT Purchasing Insurance From Unlicensed Insurers By P. BRUCE WRIGHT, JOHN W. WEBER AND KAREN DEIBERT P. Bruce Wright, CPCU, and John W. Weber are partners in, and Karen Deibert is counsel to, the international

More information

PRESS RELEASE. Revenue as of March 31, 2011. Sharp growth in Bureau Veritas Q1 2011 revenue Revenue up 23% to 775 million Organic growth of 6.

PRESS RELEASE. Revenue as of March 31, 2011. Sharp growth in Bureau Veritas Q1 2011 revenue Revenue up 23% to 775 million Organic growth of 6. 1 PRESS RELEASE Neuilly-sur-Seine, France, May 4, 2011 Sharp growth in Bureau Veritas Q1 2011 revenue Revenue up 23% to 775 million Organic growth of 6.5% Frank Piedelièvre, Chairman and Chief Executive

More information

2 The Code of Conduct for the International Red Cross and Red Crescent Movement and Non- Governmental Organisations (NGOs) in Disaster Relief

2 The Code of Conduct for the International Red Cross and Red Crescent Movement and Non- Governmental Organisations (NGOs) in Disaster Relief 2 The Code of Conduct for the International Red Cross and Red Crescent Movement and Non- Governmental Organisations (NGOs) in Disaster Relief Prepared jointly by the International Federation of Red Cross

More information

25 NOVEMBER 2009 TO 31 JANUARY 2010

25 NOVEMBER 2009 TO 31 JANUARY 2010 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT DISCUSSION DRAFT ON THE APPLICATION OF TAX TREATIES TO STATE-OWNED ENTITIES, INCLUDING SOVEREIGN WEALTH FUNDS 25 NOVEMBER 2009 TO 31 JANUARY 2010

More information

Using Technology Control Plans in Export Compliance. Mary Beran, Georgia Tech David Brady, Virginia Tech

Using Technology Control Plans in Export Compliance. Mary Beran, Georgia Tech David Brady, Virginia Tech Using Technology Control Plans in Export Compliance Mary Beran, Georgia Tech David Brady, Virginia Tech What is a Technology Control Plan (TCP)? The purpose of a TCP is to control the access and dissemination

More information

EU Advance Cargo Security Rules: Maritime Shipments

EU Advance Cargo Security Rules: Maritime Shipments EU Advance Cargo Security Rules: Maritime Shipments JOC East Coast Maritime Conference September 28, 2010 Summary Changes to EU Customs Code 2005 are scheduled to become effective January 1, 2011. Changes

More information

GLOBAL CONSTRUCTION: INTERNATIONAL OPPORTUNITIES, LOCAL RISKS

GLOBAL CONSTRUCTION: INTERNATIONAL OPPORTUNITIES, LOCAL RISKS GLOBAL CONSTRUCTION: INTERNATIONAL OPPORTUNITIES, LOCAL RISKS BUILDING A MULTINATIONAL INSURANCE PROGRAM FOR CONTRACTORS Geoffrey Hall, William Hazelton and Bryan Tedford GLOBAL CONSTRUCTION: INTERNATIONAL

More information

Business-Government Trade Relations

Business-Government Trade Relations 6: Business-Government Trade Relations 1 C H A P T E R S I X Business-Government Trade Relations 6 Learning Objectives Describe the political, economic, and cultural motives behind governmental intervention

More information

Interpretative Note to Special Recommendation III: Freezing and Confiscating Terrorist Assets

Interpretative Note to Special Recommendation III: Freezing and Confiscating Terrorist Assets Objectives Interpretative Note to Special Recommendation III: Freezing and Confiscating Terrorist Assets 1. FATF Special Recommendation III consists of two obligations. The first requires jurisdictions

More information

PROFILE INDEX. Introduction 3. Key Definitions 4. Features & Benefits 5. Standard Operating Procedure 6. Service Process 7. Service Undertaking 8

PROFILE INDEX. Introduction 3. Key Definitions 4. Features & Benefits 5. Standard Operating Procedure 6. Service Process 7. Service Undertaking 8 COMPANY PROFILE PROFILE INDEX Introduction 3 Key Definitions 4 Features & Benefits 5 Standard Operating Procedure 6 Service Process 7 Service Undertaking 8 Contact Details 9 Trade Finance Glossary 10 Page

More information

ALMEIDA ADVOGADOS BUSINESS LAW B USINESS LAW. Expertise, Commitment, Attention to Detail and Understanding BRASIL SAO PAULO RIO DE JANEIRO BRASILIA

ALMEIDA ADVOGADOS BUSINESS LAW B USINESS LAW. Expertise, Commitment, Attention to Detail and Understanding BRASIL SAO PAULO RIO DE JANEIRO BRASILIA SAO PAULO RIO DE JANEIRO IA BELO HORIZONTE Expertise, Commitment, Attention to Detail and Understanding BUSINESS LAW EXPERTISE Year after year, Almeida Advogados expands across sectors and specialties,

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event

More information

CUBA Investor Guide 2

CUBA Investor Guide 2 CUBA Investor Guide 2 CONTENT INTRODUCTION... 5 Chapter I. COUNTRY PROFILE... 6 General data of the country... 6 Infrastructure and communications... 9 Financial and banking system... 12 Financial insurance...

More information

U.S. EXPORT CONTROL LAWS AND REGULATIONS

U.S. EXPORT CONTROL LAWS AND REGULATIONS U.S. EXPORT CONTROL LAWS AND REGULATIONS This material is intended only as an overview tool and does not provide all substantive information needed to make a responsible export decision. NASA employees

More information

CITIZENS, INC. Insider Trading Policy

CITIZENS, INC. Insider Trading Policy CITIZENS, INC. Insider Trading Policy 1. BACKGROUND AND PURPOSE The federal securities laws prohibit any member of the Company s Board of Directors (a Director ) or employee of the Company from purchasing

More information

TISA Trade in Services Agreement. Norway

TISA Trade in Services Agreement. Norway TISA Trade in Services Agreement Norway Initial conditional offer TISA participants agreed at the TISA negotiations meeting on 20 September 2013 that initial offers should be submitted between 4 and 30

More information