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Results: 1-10 of 47

IFCPA potentially expands US sanctions against Iran to non-US insurers and reinsurers

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • May 29 2013

President Obama signed the National Defense Authorization Act for Fiscal Year 2013 into law in January 2013, which includes a section entitled the

New York Department of Financial Services looks at non-US reinsurers’ compliance with Iran sanctions law

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • July 2 2013

For a state regulator, the New York Department of Financial Services ("DFS" or the "Department") has demonstrated an unusual interest in enforcing

United States increases sanctions against Iran

  • Reed Smith LLP
  • -
  • Iran, USA
  • -
  • July 13 2012

On 12 July 2012, the United States Treasury’s Office of Foreign Assets Control made some important shipping-related changes to its Iran sanctions regime

Cease and desist severe new restrictions on dealing with Iranian banks

  • Mayer Brown LLP
  • -
  • Iran, United Kingdom
  • -
  • November 22 2011

You may have seen reports of the latest round of financial sanctions imposed by the UK Government against Iran, which were announced, and became effective, yesterday

Aon Energy settles with OFAC after alleged sanctions violations

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • February 15 2011

Aon International Energy, Inc. ("Aon Energy") has entered a $36,000 settlement with the Office of Foreign Assets Control ("OFAC") after allegations that the broker violated the Iranian Transactions Regulations

Suspension of U.S. and E.U. sanctions on insurance related to Iran’s petrochemical exports

  • Edwards Wildman Palmer LLP
  • -
  • European Union, Iran, USA
  • -
  • December 16 2013

On November 24, Iran entered into a Joint Plan of Action with the United States, China, the Russian Federation, France, Germany, and the United

Iran Sanctions Update: Council Regulation (EU) No. 9612010

  • Reed Smith LLP
  • -
  • European Union, Iran
  • -
  • October 28 2010

ContextThe EU Council Decision of 26 July 2010 was only immediately effective against those to who it was addressed, i

New OFAC sanctions in the insurance industry

  • Edwards Wildman Palmer LLP
  • -
  • Iran
  • -
  • April 27 2011

On April 26, 2011 the Office of Foreign Assets Control ("OFAC") reported that another insurance company has been sanctioned for violating the Iranian Transactions Regulations

Iran's shipping industry suffers as foreign insurers withhold coverage

  • Edwards Wildman Palmer LLP
  • -
  • Iran
  • -
  • July 28 2010

According to a recent article in the Washington Post, "Tehran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of U.S. laws, the insurers say."

The Iran Threat Reduction Act insurers and reinsurers beware

  • Eversheds LLP
  • -
  • Iran, Syria, USA
  • -
  • September 27 2012

The Iran Threat Reduction and Syria Human Rights Act, the latest in an ever expanding arsenal of US-based long-arm jurisdiction statutory instruments, was passed into law on 10 August 2012, following extensive negotiation in the US legislature