The US continues to impose economic sanctions on trade with
respect to a number of countries, including Burma, Cuba, Democratic
Republic of Congo, Iran, Iraq, Somalia, Sudan, Syria, Zimbabwe and
others. The US also imposes economic sanctions on certain
activities that are not country-specific, such as terrorism,
narcotics trafficking, and trading in diamonds, and it prohibits
dealing with persons and entities identified on OFAC's lengthy
list of Specially Designated Nationals and Blocked Persons (the
SDN List).
The Comprehensive Iran Sanctions, Accountability and Divestment
Act 2010
On 1 July 2010, following on the heels of UN Security Council
Resolution 1929, the US enhanced its economic sanctions against
Iran through enactment of the Comprehensive Iran Sanctions,
Accountability and Divestment Act 2010 (the 2010
Act). The 2010 Act expands the range of sanctions provided
in the Iran Sanctions Act of 1996 (the 1996 Act).
In particular, the 2010 Act provides for
