Deutsche Bundesbank, the national central bank of Germany, recently published guidance to help customers and other operators comply with new snapback sanctions on Iran (see 2509290051). The bank stressed that all provisions of funds to sanctioned Iranian people or entities are blocked, and certain payments designed to send certain goods and technologies to Iran are "generally prohibited, such as certain goods, software and technologies that could contribute to Iran's military and technological strengthening," according to an unofficial translation. Other portions of the guidance outline potential exemptions, reporting requirements related to money transfers, and more.
The U.N. Security Council and the U.K. this week amended listings under their sanctions regimes.
Canada imposed new sanctions on Iran Oct. 1 following the U.N.'s move last month to reimpose Iranian restrictions that were paused after the 2015 nuclear deal. The Canadian measures include "broad prohibitions" on exports to and imports from Iran of nuclear, dual-use and ballistic-missile-related material, equipment and technology; prohibitions on technical and financial assistance related to restricted goods; an arms embargo; and service restrictions for Iranian vessels. The announcement follows similar moves to impose snapback sanctions on Iran by the EU, the U.K. and others (see 2510010018 and 2508280033).
The U.K. on Oct. 1 reimposed nuclear-related sanctions on Iran covering 121 people and entities, which were paused after the 2015 Iranian nuclear deal. The reimposition of the restrictions follows the reinstatement of the so-called "snapback" sanctions earlier this week at the U.N. (see 2508280033).
Rep. Michael McCaul, R-Texas, chairman emeritus of the House Foreign Affairs Committee, announced Sept. 14 that he won’t run for reelection to his House seat next year but will serve out the rest of his current term.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., and House Financial Services Committee ranking member Maxine Waters, D-Calif., asked the Treasury Department Sept. 15 whether it analyzed the national security consequences of its decision to narrow the scope of a rule implementing the Corporate Transparency Act (CTA).
Sen. John Kennedy, R-La., said late Sept. 3 that while he welcomes the recent decision by France, Germany and the U.K. to initiate snapback U.N. sanctions on Iran over its nuclear weapons program (see 2508280033), he believes the U.S. will need to work with the trio to ensure adherence to the sanctions.
France, Germany and the U.K. have begun the process to reimpose U.N. sanctions against Iran after accusing the country of failing to meet safeguards around its nuclear program (see 2508150010). The snapback sanctions, if implemented, would reimpose a host of U.N. restrictions that had been paused under the 2015 Iran nuclear deal.
The U.K., France and Germany will support snapback sanctions against Iran if the country doesn’t agree to safeguards around its nuclear program by the end of this month, the three European nations said last week.
Sen. Pete Ricketts, R-Neb., a senior member of the Senate Foreign Relations Committee, took to the Senate floor July 23 to reiterate his call for the U.K., France and Germany to reimpose UN sanctions on Iran for violating its nuclear weapons-related obligations.