<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/light-at-the-end-of-the-tunnel-where-are-iran-sanctions-going/"></div>If there is one thing that politicians in Washington consistently agree on it is additional sanctions on Iran. In the past year there have been numerous sanctions issued against Iran. Those sanctions have been at least partially responsible for a rapid devaluation of Iran’s currency, the Rial. Many of the sanctions imposed in the past […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/2012-return-of-the-ofac-penalties/"></div>Earlier this year, I wrote that it seemed the days of large penalties and settlements for violations of U.S. economic sanctions administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) was over. This belief was based upon the fact that in 2009 and 2010, OFAC had either penalized or […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/the-upward-spiral-a-timeline-of-hsbcs-iran-sanctions-violations/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), announced their second massive penalty of the week when it was made public that HSBC was remitting $375 million dollars to settle allegations that HSBC, through its U.S. subsidiary, HSBC USA (HBUS), violated OFAC sanctions targeting Iran, Burma, Sudan, Cuba, and […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/standard-chartered-bank-ofac-violations-scorecard/"></div>The internet is abuzz with news of the announcement yesterday that Standard Chartered Bank (SCB) has settled their allegations of sanctions violations with the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) for $132 million dollars. While certainly not the largest OFAC settlement in history, the SCB penalty is still quite […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/2012-sanctions-lookback/"></div>2012 was a big year for sanctions. Although the year isn’t over yet and there is some pending legislation threatening to impose more sanctions targeting Iran and a forthcoming set of regulations from OFAC on some the additional Iran sanctions we saw in the late summer/early fall, I thought I would dedicate a post to […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/iranian-national-and-u-s-citizen-plead-guilty-to-iran-sanctions-violations/"></div>Yesterday, two individuals, Hamid Asefi and Behzad (Tony) Karimian pleaded guilty to violations of the Iranian Transactions and Sanctions Regulations (ITSR) as promulgated pursuant to the International Emergency Economic Powers Act (IEEPA). The charges stem from their involvement in the unlawful export of aircraft and aircraft parts from the United States to Iran without a […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/iran-loses-another-oil-customer/"></div>Last week the United States Senate passed new legislation leveling sanctions against Iran’s energy and shipping sectors. The majority of the sanctions provisions contained in that legislation consists of secondary boycotting measures. This means that the legislation provides the authority to the President to designate parties who are engaged in certain transactions with designated parties, […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/facilitation-foreign-subsidiaries-and-ofac-licensing/"></div>Maybe it’s because I will be discussing it at this week’s American Conference Institute 2012 OFAC Boot Camp, but the concept of facilitation in economic sanctions administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has been on my mind a lot lately. When dealing with facilitation, a discussion […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/case-study-sale-of-a-u-s-entity-to-an-iranian-national/"></div>As part of a new series we are rolling out on Sanction Law, we will take actual cases and provide case studies outlining the factual background of the case, the legal arguments made, and how the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) reacted to those arguments and what decision […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/when-will-we-see-sanctions-on-the-m23-and-its-leaders/"></div>Reports are pouring in that a Congolese rebel group, M23, has overtaken Goma, a major city in the Democratic Republic of the Congo. The six month old rebel group has seemingly shocked the world by their swift taking of the city and their overrunning of government and United Nations peacekeeping forces. According to reports, nearly […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_