President Trump authorizes the Secretary of the Treasury, in coordination with the Secretary of State, to administer the Global Magnitsky Act. The Act aims to impose economic sanctions on persons responsible for massive human rights violations and significant acts of corruption.
Yet again, the U.S. has renewed its ongoing sanctions relief under the Iran Nuclear Deal (so-called JCPOA). As we all know, especially after President Trump’s speech at the UN, the current U.S. Administration is no…
It is reported that in Brussels, that EU ambassadors have reached an initial agreement to impose more economic sanctions on North Korea. These build on current UN sanctions against the hermit state. “Today the PSC…
On 21 September 2017, the White House published President Trump’s newest new Executive Order, which widens U.S. sanctions against North Korea.
On 06 September 2017, the U.S. Department of Justice announced that it’s broadening the ongoing investigation into Turkish violations of U.S. Iran sanctions. The investigation includes a probe into the conduct of a former Turkish Minister of the Economy who allegedly received bribes and kick-backs to conceal U.S. Iran related sanctions violations.
There are reports that the United Nations Security Council has just adopted the U.S. watered-down proposal for a new package of sanctions against North Korea.
EU has consolidated its sanctions regime against North Korea (see Council Regulation 2017/1509). The EU also supports the revamping of stronger restrictive measures against the hermit North Korean regime.
The UN watchdog IAEA has yet again reported that Iran is adhering to it’s commitments under the Iran nuclear deal (JCPOA). This report contradicts President Trump’s assertions that Iran is non-compliant with it’s JCPOA obligations.
North Korea conducts sixth nuclear test in violation of UN Security Council sanctions. International community posed to impose stronger sanctions?
On 27 July 2017, the U.S. Department of the Treasury’s Office of Foreign Assets Control published a settlement agreement with Singapore based CSE Global Limited and CSE TransTel Pte. Ltd. Both companies agreed to pay $12,027,066 to settle potential civil liability for 104 violations of the Iranian Transactions and Sanctions Regulations (“ITSR”) and the International Emergency Economic Powers Act (“IEEPA”). The case is an example of the expanding extra-territorial reach of U.S. sanctions.