<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofacs-application-iran-export-ban-reasonable-case-cosl-singapore-ltd/"></div>On August 24, 2017, OFAC announced a settlement agreement with COSL Singapore Ltd. for apparent violations of the ITSR stemming from COSL Singapore’s procurement of U.S.-origin parts for its oil rigs located in the territorial waters of Iran.<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt -->&
Category : Tyler Cullis
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-settlement-agreement-ipsa-highlights-needs-reconsider-licensing-policies/"></div>On August 10, 2017, OFAC announced a settlement agreement with IPSA International Services, Inc. (IPSA), a U.S. company, for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR), 31 C.F.R. Part 560.<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/did-ofac-have-the-authority-to-penalize-transtel/"></div>OFAC's most recent settlement agreement reflects its increasingly broad interpretation of IEEPA’s jurisdictional scope and evidences its willingness to penalize non-U.S. companies for violations of U.S. sanctions regulations.<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/exxonmobil-dealt-blocked-property-ofacs-reasoning-entirely-sound/"></div>It is apparent that ExxonMobil dealt in the services of a blocked person. OFAC could have ended the argument there. Instead, it pressed forward a curious argument that undermines its case.<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-designates-four-iranian-ballistic-missile-entities/"></div>On July 28, 2017, OFAC designated four Iranian entities owned or controlled by Shahid Hemmat Industrial Group , an Iranian entity alleged to be “central to Iran’s ballistic missile program” and designated in the Annex to Executive Order 13382.<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/can-trump-leave-iran-nuclear-agreement/"></div>The Trump administration reportedly came close to de-certifying Iran's compliance with the JCPOA. If it chooses to do so in the future, how will President Trump re-impose sanctions unilaterally on Iran?<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-state-announce-new-iran-sanctions/"></div>In tandem with its certification of Iran’s compliance with the Joint Comprehensive Plan of Action (JCPOA) – the nuclear accord between the U.S., other major world powers, and Iran – the Trump administration imposed new sanctions on the Islamic Republic, targeting individuals and entities engaged in support of Iran’s Islamic Revolutionary Guard Corps (IRGC) or […]<!-- 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/congress-seeks-review-process-sanctions-easing-precedent-future/"></div>The Senate has taken a big step towards reclaiming Congress' prerogatives over the application of U.S. economic sanctions, including, in particular, the decision to lift and/or ease U.S. sanctions on a target State.<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-settles-apparent-violations-cacr/"></div>On June 8, 2017, OFAC announced a settlement with the American Honda Finance Corporation for apparent violations of the CACR. Does OFAC's application of the Enforcement Guidelines compute, though? <!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/epsilon-gives-insight-scope-iran-export-ban/"></div>The DC Circuit Court of Appeals engaged in an interpretive exercise as to the scope of the Iran export ban in Epsilon v. OFAC. The Court's holding has important implications for US exporters. <!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons