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Results: 1-10 of 48

Aon Energy settles with OFAC after alleged sanctions violations

  • Locke Lord 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

EU sanctions against Iran - extended for insurers, reinsurers and brokers

  • Herbert Smith Freehills LLP
  • -
  • European Union, Iran
  • -
  • April 2 2012

The EU's on-going concern about Iran's nuclear program has led to the implementation of further measures designed to bring economic pressure to bear upon the Iranian regime

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

  • Locke Lord 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

EU sanctions on Iran

  • Hogan Lovells
  • -
  • European Union, Iran
  • -
  • August 9 2010

On 26 July 2010, the European Union ("EU") adopted a set of new wide-reaching sanctions against Iran, which are of particular interest to companies in the financial services (including insurance), oil and gas, and transportation sectors

Sanctions update

  • Reed Smith LLP
  • -
  • European Union, Iran, Libya, Syria, United Kingdom, USA
  • -
  • May 13 2011

This is a two part sanctions update

Treasury updates sanctions

  • Dentons
  • -
  • Afghanistan, Iran, United Kingdom
  • -
  • January 4 2013

Treasury has updated the sanctions lists in respect of Iran and Afghanistan. An explanatory release sets out the increased restrictions on dealings with

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

New U.S. sanctions may target overseas insurers and reinsurers of Iranian oil industry

  • Wiley Rein LLP
  • -
  • Iran, USA
  • -
  • September 29 2009

The revelation of Iran's second underground uranium enrichment plant and that country's test firing of two long-range missiles have reinvigorated the Iran sanctions bills introduced in Congress in April

Federal legislative update Iran sanctions

  • Jorden Burt LLP
  • -
  • Iran, USA
  • -
  • December 22 2009

A recent bill passed by the U.S. House of Representatives that expands U.S. economic sanctions targeted at Iran’s refined petroleum resources could have significant implications for the insurance and reinsurance industry

Iran's shipping industry suffers as foreign insurers withhold coverage

  • Locke Lord 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."