U.S. Iran related sanctions

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U.S. Renews Iran Sanctions: Divide with Allies Deepens as EU updates Blocking Statute

President Trump’s decision to reimpose U.S. sanctions, after pulling-out of the Iran Nuclear Deal (JCPOA) has deepened the divide with the EU. On 07 August 2018, the EU announced that its blocking statute entered into force. Anyone already in the Iranian market or thinking of entering it, must take note that the global trade compliance risks have increased significantly. Time will tell whether both moves are wise.

Former Turkish Minister of Economy subject to U.S. Department of Justice investigation into Turkish Iran Sanctions Violations

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.