Tag Archives: Iran

President Obama Expected to Sign 10-Year Extension of Iran Sanctions Act

On December 1, 2016, the Senate unanimously passed a bill to extend the Iran Sanctions Act of 1996 (the "ISA") for 10 years by a 99-0 vote, after it had passed the House of Representatives by a similarly wide margin of … Continue reading

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Filed under Sanctions and Money Laundering, US

US Government Terminates Burma Sanctions and Further Clarifies the Application of Iran Sanctions

In the past week, the US government took executive actions to continue its easing of the Burma and Iran sanctions regimes. On October 7, 2016, the U.S. government issued an Executive Order effecting the termination of the long-standing Burma sanctions … Continue reading

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Filed under Corporate Crime, Middle East, Myanmar, Non-UK regulation, Sanctions and Money Laundering, US

Iran files case against the USA before the ICJ

In a press release published on 15 June 2016 (available here), the International Court of Justice ("ICJ") announced that Iran has instituted proceedings against the USA, in respect of alleged violations under the 1955 US-Iran Treaty of Amity, Economic Relations … Continue reading

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Filed under Middle East, Non-UK regulation, Sanctions and Money Laundering, US

Iran sanctions: Implementation Day (16 January 2016) marks a significant relaxation of EU and US sanctions against Iran

 On 16 January 2016, or "Implementation Day", legislation in the United States ("US") and European Union ("EU") came into effect, relaxing significantly the sanctions in place against Iran. This followed the issuing of a report by the International Atomic Energy … Continue reading

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Filed under Corporate Crime, European Regulation, Non-UK regulation, Sanctions and Money Laundering, US

EU extends existing limited suspension of Iran sanctions for a further two weeks

The EU announced on 14 January that it would prolong its existing suspension of certain (limited) sanctions on Iran until 28 January 2016 to allow time for implementation of the Joint Comprehensive Plan of Action (the "JCPOA").   Council Decision (CFSP) 2016/35, … Continue reading

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Filed under Corporate Crime, EU, European Regulation, Sanctions and Money Laundering

Iran sanctions – UK updates guidance on doing business with Iran as Implementation Day approaches

Following the announcement of the Joint Comprehensive Plan of Action ("JCPOA") in July 2015, companies have been preparing for the relaxation of sanctions that will allow them to re-enter Iran.  As Implementation Day (the point at which many sanctions will be … Continue reading

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Filed under Corporate Crime, Sanctions and Money Laundering, UK

Russia has taken first steps to implement JCPOA

On 23 November 2015, Russian President signed Edict No. 567 (the "Edict") suspending certain sanctions previously imposed by Russia on Iran in furtherance of the UN Security Council Resolutions.

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Filed under Corporate Crime, Sanctions and Money Laundering

Iran sanctions – agreement announced regarding nuclear program and sanctions relief

In the early hours of July 14, 2015, it was announced that the P5+1/EU3+3 and Iran had reached agreement on the Joint Comprehensive Plan of Action regarding Iran’s nuclear program (the “JCPOA”). This builds on the framework announced in April … Continue reading

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Filed under Americas, Asia, Australia, EU, JURISDICTIONS, Sanctions and Money Laundering, US

Iran nuclear agreement

The EU has announced that the ongoing talks between the P5+1 and Iran have again been extended and will now continue until 13 July. The announcement confirms that the current suspension of certain EU sanctions against Iran will continue until … Continue reading

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Filed under Corporate Crime, Europe, Sanctions and Money Laundering

Iran sanctions – US and EU announce framework agreement including proposals to suspend sanctions

On April 2, 2015 representatives from the US, EU and Iran announced that, following extensive negotiations, the “P5+1” (China, France, Germany, Russia, the UK and the US) and Iran had agreed parameters (the “Parameters”) for a joint comprehensive plan of … Continue reading

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Filed under Americas, Europe, Sanctions and Money Laundering, US