Overview
Wendy Wysong, Ali Burney, and Zoey Hong have authored an article for Export Compliance Manager titled "New caution light for non-US banks’ export control compliance." The September 2022 article discusses the "implications for non-US financial institutions engaged in trade finance that may involve US export-controlled items," further stating that it is the "[Bureau of Industry and Security's] expectation that both US and non-US financial institutions should adopt enhanced compliance measures in response to the heightened export control restrictions against Russia and Belarus."
The authors would like to thank Wilson Zhao, Associate, and Zhaoxi Zhang, International Paralegal, for their contribution to this article.
The full article can be read at here.
