The way that U.S. sanctions protect us from Iranian nuclear weapons are indeed wondrous and diverse, as Iranians themselves recently learned when they sat down recently at their computers to don the virtual identity of sword-wielding warriors wandering through imaginary…
ABOVE: ANSI offices in DC The Office of Foreign Assets Control (“OFAC”) recently sent a letter of guidance to the American National Standards Institute (“ANSI”) stating that U.S. participation in international standards organizations, such as the ISO and the ITU,…
Lots of news lately on Iran sanctions, so here’s a summary and some links. Here’s a link to the OFAC letter we mentioned last week disputing some of the charges made by the New York State Department of Financial Services…
Yesterday, I reported on the New York Department of Financial Services’ Order against Standard Chartered claiming that the Bank violated the rules of the Office of Foreign Assets Control by stripping out the names of Iranian entities in wires for…
The Office of Foreign Assets Control (“OFAC”) today applied sanctions under the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 against the Bank of Kunlun in China and the Elaf Islamic Bank in Iraq. Under these sanctions, U.S. financial…