Iran

TRUMP ADMINISTRATION CONTINUES IRAN SANCTIONS WAIVERS, BUT SIGNALS DESIRE FOR CHANGES

Following the announcement of the new strategies on Iran in October 2017, on January 12, 2018, the Trump administration announced that it will continue to waive the application of certain nuclear sanctions under the Joint Comprehensive Plan of Action (“JCPOA”) … Continue reading

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Filed under Announcements, Iran, Sanctions and Money Laundering, Sector Updates by Herbert Smith Freehills, US

U.S. administration imposes limited new sanctions against Iran

On February 3, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) added a number individuals and entities to its Specially Designated Nationals ("SDNs") list of blocked persons. OFAC stated that such actions were taken in response to … Continue reading

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Filed under Iran, Sanctions and Money Laundering, US