<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/dealing-with-the-law-of-unintended-consequences-ofac-settlement-leads-to-lawsuit-against-jp-morgan-chase/"></div> Louisiana’s pension fund for police has filed a lawsuit against JPMorgan Chase & Co. stemming from the bank’s $88.3 million settlement with the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) contending that the settlement constituted a breach of fiduciary duty by its directors. The complaint was filed today in New […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/u-s-officials-say-central-bank-of-iran-will-not-be-sanctioned-someone-forgot-to-tell-berman/"></div>The Los Angeles Times is reporting to day that U.S. officials have stated that they will not seek sanctions against the Central Bank of Iran (CBI) despite pressure to impose such sanctions in recent months. Although no U.S. officials are cited in the article, it was stated that the U.S. believes that sanctions on CBI […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/syrian-sanctions-hurting-ordinary-citizens-and-syrian-americans/"></div>There have been a number of recent news articles describing the impact sanctions against Syria are having both on ordinary Syrians living in Syria, as well as those, living abroad. Not surprising to those of us who work in this area, the sanctions are having a serious impact on the lives of those parties that […]<!-- 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/state-department-official-speaks-on-conflict-diamonds/"></div>Yesterday, JCK Magazine published an interview with Brad Brooks-Rubin, the United States Department of State Special Advisor on Conflict Diamonds, regarding the Kimberley Process’ decision to allow exports of Marange Diamonds. According to Mr. Brooks-Rubin, U.S. persons dealing in diamonds should continue to exercise due diligence to know whether their diamonds come from Marange. For […]<!-- 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/chechen-rebel-released-from-the-ofac-sdn-list-five-years-after-his-death/"></div>There’s an old saying that it’s better late than never. I guess this saying could apply to the case of former Chechen Rebel Shamil Salmanovich Basayev who, despite being killed on July 10, 2006 remained a Specially Designated Global Terrorist (SDGT) on the Specially Designated Nationals and Blocked Persons (SDN) List administered by the United States Department […]<!-- 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/congress-moves-for-more-sanctions-legislation-on-iran-a-whole-lot-more/"></div>On Wednesday, November 2, 2011, The House Committee on Foreign Affairs will hold a markup hearing on H.R. 1905 “The Iran Threat Reduction Act 2011” (Act). As one might have guessed, these new sanctions prohibit U.S. persons from engaging in transactions with Iran related to arms sales, energy, and financial services. They also impose additional […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --&
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/penalty-assessed-for-violation-of-iranian-transactions-regulations/"></div>A South Florida company has been penalized for exporting U.S. origin goods to Iran in violation of the Iranian Transactions Regulations (ITR). This violation resulted in a $7,000 penalty being issued against the company. The company, Zurigo Trading, Inc. (“Zurigo”), was found to have violated the ITR when in September 2006, they attempted to export […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/tsra-brokers-operating-in-iran/"></div>There have been a slew of matters that have come up recently involving U.S. persons participating in the export of medicine and medical devices exported to Iran pursuant to specific license authorization under the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA). Those familiar with economic sanctions programs administered by the United States […]<!-- 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/bon-voyage-monsieur-cohen-the-undersecretary-of-terrorism-and-financial-intelligence-heads-to-europe/"></div>David Cohen, The Treasury Undersecretary for Terrorism and Financial Intelligence, is typically a busy man. After all, it can’t be easy to oversee several federal agencies which not only police the U.S. economy, but also much of the global economy. Well a few weeks ago, Mr. Cohen’s schedule became a little more hectic when the […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/reza-bankis-ieepaitr-violations-overturned/"></div>Today the Second Circuit Court of Appeals finally issued their decision in the United States of America v. Banki appeal. Some may remember the Banki case as the one in which a U.S. citizen was convicted for, among other charges, sending and receiving funds to and from Iran. There were a few notable things that […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_