Fouad Al Zayat, a Syrian businessman and high-stakes gambler better known by London casino staff as “The Fat Man,” just lost an appeal he filed to have the U.K. to release property that the U.K. had blocked at Iran’s request.…
Houston-based oil-drilling and oilfield services company Weatherford announced yesterday in its 8-K filing with the SEC that the company has been notified that the Bureau of Industry & Security and the U.S. Department of Justice are investigating allegations of improper…
Iowa-based fish processor Stoller Fisheries was recently assessed $931.25 by the Office of Foreign Assets Control (OFAC) for shipping 20 grams of carp pituitary glands (valued at $4,900) to Iran without an OFAC license. Carp pituitary glands are believed to…
Last week we reported on increased jawboning by the State Department, which has been threatening to impose sanctions under the Iran Sanctions Act on foreign oil companies that do business in Iraq. One target singled out by State is the…
Threats by the United States to impose new sanctions against Iran include threats to take the Iran Sanctions Act out of mothballs and to start imposing sanctions authorized by that act against foreign companies investing in Iran’s petroleum sector. According…