Iran Sanctions

News & Analysis as of

The State Department's Recent Federal Register Notice Marks Opening Steps Toward Access to Iranian Market for US Commercial...

On November 2, 2015, the US State Department published a list of contingent waivers to a host of US sanctions on Iran that would apply to US and non-US persons. Included in the publication is an announcement of waivers that...more

US expands list of medical items authorized for export or re-export under Iran general license

On November 2, 2015, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) updated and expanded the list of “medical supplies” that can qualify for export or re-export to Iran under the existing...more

Sanctions Against Iran: EU Adopts the Legal Acts to Prepare for the Lifting of All Nuclear-Related Economic and Financial...

First, Council Decision (CFSP) 2015/1863 amends Council Decision 2010/413/CFSP concerning restrictive measures against Iran. It provides for the termination of all Union nuclear-related economic and financial restrictive...more

Red Notice Newsletter - October 2015

Welcome to the October 2015 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP. This month on the anticorruption front, a Japanese multinational conglomerate settles U.S. Securities and Exchange...more

Movement Towards Implementation of Iran Nuclear Agreement Brings Limited Easing of Sanctions into Focus

Recent and upcoming milestones fuel expectations of Iran opportunities in 2016. As reported in our Client Alert dated July 16, 2015, the Joint Comprehensive Plan of Action (JCPOA) provides for the eventual termination of...more

OFAC Issues Finding of Violation to a Bank for Violations of Iranian Transactions and Sanctions Regulations

On October 21, OFAC issued a Finding of Violation to a Chicago-based bank as the successor of a bank that processed six funds transfers totaling approximately $67,000. According to OFAC, the predecessor bank, between February...more

Treasury updates sanctions

Treasury has updated the sanctions lists...more

Preparing for Implementation Day - EU Approves Regulations to Relieve Irananian Sanctions

The EU introduced several new regulations1 on 18 October ('Adoption Day') to prepare to eventually terminate Iranian sanctions measures. Adoption Day marked 90 days after the endorsement of the Joint Comprehensive Plan of...more

Iran Sanctions: Treasury and White House Comment on JCPOA Adoption Day

On October 18, the Department of the Treasury released a statement on reaching the formal “Adoption Day” of the Joint Comprehensive Plan of Action (JCPOA), the plan reached between the P5+1, the European Union, and Iran...more

Joint Comprehensive Plan of Action Adoption Day

October 18, 2015, marked “Adoption Day,” the day on which the Joint Comprehensive Plan of Action (JCPOA) (the agreement reached by Iran, the United States, Britain, France, Germany, Russia and China,) went into effect. The...more

Adoption Day in Iran Sanctions Deal: US and EU Give Clarification, But No Lifting of Sanctions Yet

The United States and European Union took preparatory steps on 18 October 2015 to begin fulfilling their commitments to suspend certain sanctions against Iran pursuant to the Joint Comprehensive Plan of Action (“JCPOA”)...more

Adoption Day Marks Start of Preparations for Iran Sanctions Relief

October 18, 2015 marked the starting point for official preparations for the expected lifting of sanctions against Iran under the recently agreed Joint Comprehensive Plan of Action (JCPOA). On this day, termed “Adoption Day,”...more

President Obama directs key US agencies to prepare for sanctions waivers under the JCPOA

On October 18, 2015, President Obama published a memorandum to the Secretaries of State, the Treasury, Commerce, and Energy instructing them to prepare to implement the US’s commitments under the Joint Comprehensive Plan of...more

Iran: Adoption Day of the Joint Comprehensive Plan of Action

On 14 July 2015, the Joint Comprehensive Plan of Action (JCPOA) was agreed between the E3/EU+3 (or the P5+1, comprising the United States, Russia, China, the United Kingdom, France and Germany), together with Iran. This was...more

US State Department Releases Contingent Waivers of Iran Extraterritorial Sanctions

On October 18, 2015, the day on which the Joint Comprehensive Plan of Action (“JCPOA”) became effective (“Adoption Day”), the U.S. Department of State (“State Department”) issued contingent waivers of certain extraterritorial...more

“Adoption Day” Marks Official Launch of P5 + 1 Nuclear Deal with Iran

The Joint Comprehensive Plan of Action (JCPOA), intended to prevent Iran from acquiring a nuclear weapon and to ensure that Iran’s nuclear program will be directed toward exclusively peaceful purposes, went into effect...more

Trade & Manufacturing - October 2015

Ending the Crude Oil Export Ban - On September 17, the House Energy and Commerce Committee passed a bill to end the 40-year-old ban on the export of domestic crude oil. The Committee vote was passed by a Republican...more

Iran Nuclear Deal Survives Congressional Review Period, But Opponents Are Not Conceding Defeat

The Joint Comprehensive Plan of Action (JCPOA) with Iran survived its first major test last month when the United States Congress failed to pass a resolution of disapproval that would have prevented U.S. implementation of the...more

Mining in Iran: Post-deal Opportunities

US$20 billion worth of investment opportunities in Iran's mining sector has piqued the interest of international mining companies. Opportunities were presented by Iran's Minister of Industry and Mines at an investment...more

Iran Sanctions Relief: Opportunities and Challenges for US and EU Financial Institutions

Although US and EU sanctions targeting Iran are not likely to be lifted before early 2016, there are a number of issues which US and EU-based financial institutions should be aware of in preparation for sanctions relief as a...more

Checking In on Sanctions Enforcement

The Department of Treasury’s Office of Foreign Asset Control continues to ramp up sanctions enforcement. Even with the likely relaxation of the Iran and Cuba sanctions, OFAC has been continuing its aggressive enforcement...more

Iran Nuclear Deal Clears Senate Obstacle, But Will “Snap-Back” Bite?

On Thursday, September 10, 2015, U.S. Senate Democrats cleared a hurdle for the proposed Iran nuclear agreement by blocking a Senate resolution that would have rejected the deal. The result, in which Senate Republicans...more

Iran Deal “Clears” Congress, But No Sanctions Relief Yet

On September 10, 2015, Senate Democrats in the U.S. Congress blocked a vote on a widely anticipated resolution to reject the Joint Comprehensive Plan of Action (“JCPOA”) regarding Iran’s nuclear program. On September 11, the...more

International Trade Alert: Iranian sanctions and a new Office of Financial Sanctions Implementation

Under the terms of the agreement, EU and US sanctions relief will be provided through the suspension and eventual termination of sanctions measures, beginning only if and when the International Atomic Energy Agency verifies...more

President Obama’s Proposed Iran Nuclear Deal Will Prevent Iran from Obtaining a Nuclear Weapon

Earlier in the summer, President Barack Obama announced his proposed Iran nuclear deal whose goal is to prevent Iran from obtaining a nuclear weapon. This deal is known as the Joint Comprehensive Plan of Action (JCPOA)....more

216 Results
View per page
Page: of 9

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.