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Important OFAC Iran FAQ Update provides clarity on US dollar processing and due diligence
  • Clyde & Co LLP
  • Iran, USA
  • October 10 2016

On 7 October 2016 OFAC issued an update to its "Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint


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


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


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


Iran economic sanctions update
  • Locke Lord LLP
  • Iran, USA
  • January 31 2014

The United States has maintained economic sanctions against Iran consistently since 1979, with only a brief relaxation of the restrictions in the


U.S. Government Prepares for Implementation of Iran Joint Comprehensive Plan of Action
  • Baker Botts LLP
  • Iran, USA
  • January 13 2016

Secretary of State John Kerry released on December 28, 2015, a statement reiterating that the United States "remains fully committed and on track to


New York widens its probe into possible Iran-related transactions by accredited reinsurers
  • Locke Lord LLP
  • Iran, USA
  • July 25 2013

As previously reported here, the New York Department of Financial Services ("DFS") began a string of investigations last month into possible


Post-Election Outlook - Key Issues Affecting Insurers
  • Kramer Levin Naftalis & Frankel LLP
  • European Union, Iran, USA
  • November 21 2016

Donald Trump's election to the presidency, together with Republican retention of control of both houses of the 115th Congress, could signal


New U.S. sanctions on Iran target shipping, shipbuilding, insurance, and trade in metals by non-U.S. companies
  • Chadbourne & Parke LLP
  • Iran
  • January 4 2013

The United States has enacted a new round of sanctions on Iran targeting non-U.S. companies that are conducting business with Iran related to shipping


London insurers: Iran on high risk area list as sanctions loom
  • Locke Lord LLP
  • Iran, United Kingdom
  • March 31 2010

According to a recent report from Reuters, London's marine insurance market has added Iran to a list of areas deemed high risk