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.…
U.S. Sanctions Regulations Blog
Tracking Developments in U.S. and other International Sanctions Regulations
Blog Archives
How does the Nuclear Deal Affect Personal Transactions Involving Iran?
What will the recent nuclear deal between Iran and the P5+1 (U.S., UK, France, Russia, China, and Germany) mean for personal transactions by U.S. persons involving Iran?
The New IRS Offshore Voluntary Disclosure Program and US Sanctions on Iranian Bank Accounts
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…
Farhad Alavi Quoted by New York Times
I was quoted in the New York Times on an article regarding the impact of sanctions on the rescission of an employment offer by the US Tennis Association (USTA) to an Iran-based tennis referee. The article discusses the on the…
U.S. Sanctions Regulations Blog 