Omani Sultan Pays Hiker’s Ransom

ABOVE: Sultan Qaboos According to a story appearing in London broadsheet The Daily Telegraph, the bill for the $500,000 ransom paid to Iran to enable release of imprisoned hiker Sarah Shourd was footed by Oman’s Sultan Qaboos. The question of…

OFAC Issues New Iraq Regulations

On Monday, the Department of Treasury’s Office of Foreign Assets Control (“OFAC”) repealed the Iraqi Sanctions Regulations, formerly found at 31 C.F.R. § 575.101 et seq. and replaced them the Iraq Stabilization and Insurgency Sanctions Regulations which will be found…