Many have been caught by surprise by widespread anti-government protests in Iran that started in Mashhad last week ostensibly over food prices and have now engulfed the whole country, going on to their 9th straight day. The Trump administration has…
Many have been caught by surprise by widespread anti-government protests in Iran that started in Mashhad last week ostensibly over food prices and have now engulfed the whole country, going on to their 9th straight day. The Trump administration has…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday announced a series of key revisions to the Iranian Transactions and Sanctions Regulations (the “ITSR”), one of the key bodies of regulations implementing the still far-reaching U.S.…
Very interesting reports emerged this long weekend about a very unique and curious “crisis” in Iranian politics. Specifically, it was reported that Bank Melli and Bank Sepah, two of Iran’s largest financial institutions, had recently rejected business related to the country’s Islamic…
There have been many mixed signals on the current status of the nuclear negotiations between Iran and the five permanent UN Security Council members and Germany. Some say the deal is almost done, others say there may be an extension.…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) made a sweeping set of designations on dozens of entities related to Iranian networks on Friday (August 29). These include banks and individuals, including the following: 1. Asia…
As can be expected and as is surely the case with other firms who practice sanctions law, Russia is becoming a larger part of our every day work. Granted, the sanctions regime against Russia following the Crimea and Ukraine crises…
For those of us who regularly read the headlines about Iran, there was a particularly interesting one that stuck out today – one (reported by the Tehran Times and reposted by other media) about a U.S. company in Southern California…
The Internal Revenue Service (IRS) announced last week that it was further incentivizing the self-disclosure by U.S. taxpayers of offshore financial assets and accounts not previously reported. Specifically, the IRS modified the 2012 Overseas Voluntary Disclosure Program (OVDP) effective July…