GovCon OnDemand US Sanctions on Trade With Iran An Update
The United States imposes strict sanctions on trade with Iran. For more than two decades the U.S. has imposed restrictions on trade involving the U.S. and U.S. persons wherever located. In the past year, the U.S. has substantially ratcheted up U.S. sanctions through new laws, Executive Orders and regulations. In the latest edition of GovCon OnDemand, Arnold & Porter attorneys John Barker and Baruch Weiss explain the recent steps taken by the government, especially by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the U.S. Department of State. Both Barker and Weiss practice in the area of Iran Sanctions and in this videocast, focus on the extension of the sanctions to non-U.S. persons, the increased focus on Iran’s petroleum industry and financial sector, and recent criminal and civil enforcement actions.