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ARTICLE · 19 JULY 2018

Sanctions Round Up: Second Quarter 2018

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This quarter, companies around the globe prepared to exit Iran-related business in the wake of U.S. sanctions snap-back.

WorldwideInternational Law
A&O Shearman
A&O Shearman
Stephen Fishbein
Stephen Fishbein
Christopher LaVigne
Christopher LaVigne
Mark Lanpher
Mark Lanpher
Susanna Charlwood
Susanna Charlwood
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This quarter, companies around the globe prepared to exit Iran-related business in the wake of U.S. sanctions snap-back.  Meanwhile, OFAC provided a path to relief to designated Russian entities, extending several deadlines to allow for the continued divestment by their oligarch owners.  The U.S. took no new sanctions actions against North Korea as the two countries entered highly anticipated negotations surrounding denuclearization.  Finally, in its first enforcement action of the year, OFAC stressed the importance of empowering compliance personnel to prevent prohibited transactions.

 View full memo, Sanctions Round Up: Second Quarter 2018

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