The Caesar Act – What should you know to avoid sanctions and how could it impact your business
June 17, 2020 @ 1:00 pm - 3:00 pm
Webinar ( Online Training)
Background
The Caesar Syria Civilian Protection Act, also known as the Caesar Act, which will become effective on June 17, 2020, is a bipartisan law that aims to sanction the Syrian government, selected individuals and institutions as well as any government or any private entity that assists the Syrian government or contributes to the reconstruction of Syria.
Any international company or individual that invests directly or indirectly in the energy, aviation, construction or engineering sectors in Syria, as well as any person dealing financially with the government, will be subject to the Caesar Syria Civilian Protection Act of 2019.
First introduced in 2014, the law was the result of testimony given to Congress by a Syrian government defector codenamed Caesar, the law’s namesake. Caesar left Syria in 2013 with a trove of tens of thousands of photographs documenting torture in Syrian government prisons and has implored the US lawmakers to pass the law accordingly.
Topics to be discussed
History of the Caesar Syria Civilian Protection Act
Comparison between previous related sanctions and the Caesar Act
The stages of implementation of the Caesar Act
What businesses and sectors are most vulnerable to the Act
Implications on Banks in the MENA region especially in the Levant countries
What steps and procedures should be taken to avoid sanctions
Webinar ( Online Training)
Background
The Caesar Syria Civilian Protection Act, also known as the Caesar Act, which will become effective on June 17, 2020, is a bipartisan law that aims to sanction the Syrian government, selected individuals and institutions as well as any government or any private entity that assists the Syrian government or contributes to the reconstruction of Syria.
Any international company or individual that invests directly or indirectly in the energy, aviation, construction or engineering sectors in Syria, as well as any person dealing financially with the government, will be subject to the Caesar Syria Civilian Protection Act of 2019.
First introduced in 2014, the law was the result of testimony given to Congress by a Syrian government defector codenamed Caesar, the law’s namesake. Caesar left Syria in 2013 with a trove of tens of thousands of photographs documenting torture in Syrian government prisons and has implored the US lawmakers to pass the law accordingly.
Topics to be discussed
Speakers:
Details