SINGAPORE TIGHTENS STRATEGIC GOODS CONTROLS

On 31 August, an article from Baker McKenzie saying that Singapore updated its strategic goods control regime to ensure robust administration of controls and effective risk assessments, while ensuring the facilitation of legitimate trade.  Key amendments include ensuring individual and bulk permit holders have access to English translations for strategic trade records kept in other languages.  For bulk permit-holders, expanded document categories under recordkeeping requirements and monthly reporting will apply.  A new offence has also been created for failing to amend permits in the event that information submitted under initial permit application processes subsequently change.  It advises those affected to review current processes.

https://globalcompliancenews.com/singapore-tightens-strategic-goods-controls-13082020/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s