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ARTICLE · 23 MARCH 2017

US Tightens Iran Approach By Imposing New Sanctions

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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The Office of Foreign Assets Control (OFAC) has imposed new economic sanctions in February 2017 on 25 individuals and entities involved in the Iranian ballistic missile programme...

GlobalInternational Law

The Office of Foreign Assets Control (OFAC) has imposed new economic sanctions in February 2017 on 25 individuals and entities involved in the Iranian ballistic missile programme, as well as on those that have provided support to Iran's Islamic Revolutionary Guard Corps-Qods Force.

These US sanctions were issued in response to Iran's recent missile tests and are, according to OFAC, consistent with US commitments under the Joint Comprehensive Plan of Action (JCPOA). The newly designated individuals and entities will have their property or interests in property within US jurisdiction blocked. Moreover, both US persons and non-US persons are prohibited from engaging in any transactions with these individuals and entities because of their placement on the Specially Designated Nationals List. If you are currently engaged in or contemplating activities relating to Iran, it is advisable to closely follow any new sanction developments against Iran, as well as any direction

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