President Obama signed an Executive Order "Authorizing Additional Sanctions With Respect to Iran." It gives new sanctions authorities to the Department of the Treasury and the Department of State, including authorizing Treasury to impose financial sanctions on foreign financial institutions found to have knowingly conducted or facilitated certain significant financial transactions with the National Iranian Oil Company or Naftiran Intertrade Company, or for the purchase or acquisition of petroleum or petroleum products from Iran through any channel.
Treasury's Office of Foreign Assets Control published Circular 2012 (here) which lays out the Cuba Service Provider Program pursuant to the Cuban Assets Control Regulations, covering Carrier and Travel Service Providers and Remittance Forwarders.
he following individuals have been added to OFAC's SDN list:
The Treasury Department's Office of Foreign Assets Control is removing the names of 1 individual and 2 entities whose property and interests in property are blocked pursuant to Executive Order 13315 involving former Iraqi regime officials from the list of Specially Designated Nationals and Blocked Persons, effective July 17, 2012.
The Islamic Republic of Iran Shipping Lines (IRISL) has recently been operating vessels despite their flags having been revoked, Treasury's Office of Foreign Assets Control said in a special advisory July 19. It said international sanctions, and IRISL's efforts to evade them, have led to increased vigilance by the maritime industry and prompted an increasing number of countries to revoke or refuse to issue a flag to vessels in which IRISL or its affiliates have an interest.
The following individuals have been added to OFAC's SDN list:
The following individuals have been added to OFAC's SDN list:
On July 12, the Office of Foreign Assets Control made the following changes to the Specially Designated Nationals list [reason for addition in brackets]:
The Department of Justice reported the unsealing of charges against Saeed Talebi, an Iranian national arrested July 12 in connection with a scheme to illegally export from the United States to Iran parts and goods designed for use in industrial operations. According to the indictment, on numerous occasions throughout 2011, Talebi and others worked to ship industrial parts and goods from United States-based firms to Dubai, acting through a company identified in the Indictment as “Company-1.” These items were then to be sent to various petrochemical companies located in Iran without the required OFAC export license, DOJ said. In the course of this scheme, Talebi also caused money to be wired to the United States, including over $300,000 sent to a bank account in Manhattan.
The U.S. remains concerned about human rights, corruption, and the role of the military in Burma, so the new U.S. policy on that country "is carefully calibrated and aimed at supporting democratic reform and reconciliation efforts while aiding in the development of an economic and business environment that provides benefits to all Burma's people, according to the fact sheet issued July 11 by a State Department spokesman.