OFAC has listed Iran’s National Development Fund (NDF) and Etemad Tejarate Pars Co. under the newly-enhanced counter-terrorism authority The sanctions come in response to “Iran’s brazen attack against Saudi Arabia”, and the State Department’s says that evidence for the attack “points to Iran – and only Iran”. The NDF reportedly provided the IRGC-QF, Iran’s Ministry […]

OFAC has listed Iran’s National Development Fund (NDF) and Etemad Tejarate Pars Co. under the newly-enhanced counter-terrorism authority Executive Order (E.O.) 13224 To  read more click here  The sanctions come in response to “Iran’s brazen attack against Saudi Arabia”, and the State Department’s Press Release says that evidence for the attack “points to Iran – […]

The United States (“US”) has continued to strengthen its sanctions against Iran. This news update provides a synopsis of the latest developments, including the highlight on an ongoing push to keep channels open for humanitarian goods and services. Overview The US has imposed sanctions against Iran for a number of years under various statutes and […]

  Ali Sadr Hashemi Nejad, an Iranian national and former chairman of the Maltese Pilatus Bank, was arrested and charged with six counts of sanctions evasion before a Manhattan court. His family allegedly controlled an Iranian conglomerate called Stratus Group. Its purported subsidiary Iranian International Housing Corporation allegedly entered into a USD 476 million contract […]

OFAC has issued a Finding of Violation to Dominica Maritime Registry Inc. (DMRI), headquartered in Massachusetts, for a violation of the Iranian Transactions and Sanctions Regulations. In particular, OFAC determined that on 4 July 2015, DMRI had violated the Regulations by having “[dealt] in the property or interests in property of the National Iranian Tanker Company (NITC), an entity […]

The US Attorney for the Southern District of New York recently unsealed an indictment charging three foreign nationals with moving funds cross border on behalf of the Government of Iran and other Iranian entities This action indicates that despite the relaxation of US secondary sanctions against Iran following the Joint Comprehensive Plan of Action (“JCPOA”), […]

An international anti-money laundering group wants government financial intelligence agencies to give extra scrutiny to transactions and business relationships involving Iran and North Korea. Paris-based Financial Action Task Force (FATF) said on Friday that it remained “particularly and exceptionally concerned” about what it called Iran’s “failure to address the risk of terrorist financing and the […]

In this briefing we discuss the implementation of the landmark nuclear deal with Iran. Iran received far-reaching economic and financial sanctions relief on 16 January 2016, after meeting key nuclear commitments set out in the Joint Comprehensive Plan of Action (JCPOA) reached between the P5 + 1 (China, France, Germany, Russia, the United Kingdom, and […]