OFAC removes one layer of complexity on sanctions but still retains a wall around Iran

The clarifications from Treasury’s Office of Foreign Assets Control remove a blanket ban on foreign transactions with Iranian firms that may be controlled by a person who remains subject to U.S. sanctions. The new Treasury language says foreign transactions with non-sanctioned entities that are nonetheless “minority owned” or “controlled in whole or in part by an Iranian or Iran-related person on the SDN list” are “not necessarily sanctionable” under U.S. regulations. More.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2017 ITA. All Rights Reserved

Log in with your credentials

Forgot your details?