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United States economic sanctions are administered by the Office of Foreign Assets Control (OFAC), an agency of the United States Department of the Treasury. As of 2017, United States sanctions against Iran include an embargo on dealings with the country by the United States, and a ban on selling aircraft and repair parts to Iranian aviation ...
It has also hired lawyers to request further guidance from OFAC on import of goods from Iran. [18] In 2014, OFAC reached a record $963 million settlement with the French bank BNP Paribas, which was a portion of an $8.9 billion penalty imposed in relation to the case as a whole. [19] [20] Appointment as OFAC director is not subject to Senate ...
The Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Pub. L. 111–195 (text), 124 Stat. 1312, enacted July 1, 2010; CISADA) is a law passed by the U.S. Congress that applies further sanctions on the government of Iran.
The agency said 3M had 54 apparent violations of OFAC sanctions on Iran. It said between 2016 and 2018, a 3M subsidiary in Switzerland allegedly knowingly sold reflective license plate sheeting ...
Washington's sanctions on Iran ban nearly all U.S. trade with the country, block the Iranian government's assets in the United States and prohibit U.S. foreign assistance and arms sales, according ...
WASHINGTON (Reuters) -The United States on Tuesday imposed sanctions on entities in Iran and Russia, accusing them of attempting to interfere in the 2024 U.S. election. The U.S. Treasury ...
According to OFAC, there are approximately 12,000 names on the Specially Designated Nationals and Blocked Persons List (SDN) list, [13] which is the most restrictive category of targeted U.S. sanctions, targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g. drug ...
The United States sanctions against Iran were imposed in November 1979 after radical students seized the American Embassy in Tehran and took hostages.The sanctions were imposed by Executive Order 12170, which included freezing about $8.1 billion in Iranian assets, including bank deposits, gold and other properties, and a trade embargo.