Representative Brad Sherman (D-CA) recently introduced, with one other Democrat and two Republicans, a bill to “improve the performance of the defense trade controls functions of the Department of State.” The proposed legislation is a clear response to mounting exporter…
The Securities and Exchange Commission released (on Black Friday of all days) a document requesting public comment on whether the SEC should develop mechanisms to facilitate greater access by investors and the public to corporate disclosures concerning that corporation’s activities…
Ahmed Idris Nasreddin On August 29, 2002, OFAC designated various entities owned by Ahmed Idris Nasreddin, thereby blocking all assets of those entities and forbidding U.S. citizens and companies from dealing with those entities. The basis for the designation was…
The Office of Foreign Assets Control (“OFAC”) today released a document entitled “Notice for TSRA License Holders and Applicants.” In that document, OFAC notes that Bank Sepah, Bank Saderat, Bank Mellat and their branches and certain subsidiaries were designated pursuant…
A battle is being waged over the planned, but allegedly illegal, export of a former U.S. Navy hospital ship M/V Sanctuary. Decommissioned in 1989, the battle certainly isn’t over whether a license should have been obtained from the Directorate of…