Escalating Tensions in the Middle East: U.S. and EU Sanctions Developments on...
Keeping pace with the rapidly changing geopolitics in the region, the last week has brought a series of Iran-related sanctions developments with which global businesses need to keep up. First, on...
View ArticleCaroline Brown Joins Crowell & Moring
Former U.S. Treasury and Justice Department Lawyer Strengthens Anti-Money Laundering, Economic Sanctions, and CFIUS Practices Washington, D.C. — February 20, 2020: Crowell & Moring is bolstering...
View ArticleIran Petroleum and Petrochemical Designations
The U.S. Departments of State and the Treasury recently sanctioned several individuals and companies for their involvement in transactions in Iranian petrochemical products or petroleum, signaling the...
View ArticleOFAC Issues Fact Sheet Regarding Humanitarian Trade Involving Sanctioned...
In response to criticism that sanctions are hampering the global response to the COVID-19 pandemic, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has released new guidance to...
View ArticleIndustrial Bank of Korea Agrees to a Deferred Prosecution Agreement and $86...
On April 20, 2020, the U.S. Attorney for the Southern District of New York (SDNY) announced that the Industrial Bank of Korea (IBK) agreed to a deferred prosecution agreement (DPA) and $51 million...
View ArticleOFAC Publishes Additional Iran-Related FAQs Related to Executive Order 13902
On June 5, 2020, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published four new Frequently Asked Questions (“FAQs”) related to Executive Order 13902 (“EO 13902”) that may...
View ArticleIran Triggers Dispute Resolution Mechanism Under JCPOA
On July 3, 2020 Iran initiated a dispute resolution mechanism contained in the Joint Comprehensive Plan of Action (JCPOA), more commonly referred to as the Iran nuclear deal, to address concerns over...
View ArticleOFAC Sanctions Two Iranian Organizations Controlled by the Supreme Leader of...
On January 13, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated “two organizations, along with their leaders and subsidiaries, controlled by the Supreme Leader...
View ArticleSanctions/Export Highlights [As of October 27, 2022]
New U.S. Designations: On October 26, 2022, the U.S. Department of the Treasury’s Office of Foreign Asset Control (“OFAC”) designated nine individuals and twelve entities for their involvement in the...
View ArticleJoint Agency Guidance to Exporters on Iran’s UAV Activities
Last Friday, the U.S. Departments of Commerce, Justice, State, and the Treasury issued a joint guidance sheet on Iran’s unmanned aerial vehicles (“UAVs”) program (the “Iran UAV Guidance”). The Iran UAV...
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