Friday Grab Bag
Here are a few recent developments that you may have missed: The House voted yesterday to nullify the impact of a license granted by the Office of Foreign Assets Control (“OFAC”) in September which would allow Boeing to sell civil…
Category Iran Sanctions
Court Holds US Can Jail Anyone Anywhere for Dollar Based Transactions
ABOVE: Reza Zarrab I often joke about the number of foreigners who arrive in the United States with their families hoping to see Mickey Mouse but who wind up seeing Elliot Ness and a jail cell instead. Controversial Turkish businessman…
Flowers for Ahmadinejad
The Office of Foreign Assets Control (“OFAC”) today fined a company a whopping $4,320,000 for selling things to Iran. Oh wow, you say, this must have been some really bad stuff like, say, high-powered computers or drones, right? Yep, really…
ZTE Gets Last Minute Reprieve (Sort Of)
The Bureau of Industry and Security today announced that it was extending the Temporary General License which permitted exports to ZTE from June 30 all the way to August 30. ZTE, as this blog reported here, was placed on the…
DOJ Issues Misleading Press Release in Connection with Export Guilty Plea
ABOVE: Erdal Kuyumcu This blog reported earlier on the case against Erdal Kuyumcu in connection with exports of an EAR99 Cobalt Nickel powder (CoNiCrAIY) to Iran. In that initial post, I questioned the government’s evidence that Mr. Kuyumcu knew that…