Joint Comprehensive Plan of Action (JCPOA) Updates
1.1. Effective May 8, 2018, what sanctions snap back into place? On May 8, 2018, the President announced his decision to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA), and to begin re- imposing, following a wind-down period, the U.S. nuclear-related sanctions that were lifted […]
Today, President Trump pulled the US out of the Joint Comprehensive Plan of Action (JCPOA), aka the “Iran nuclear deal.” The following statement was added to the top of OFAC’s Iran sanctions page: On May 8, 2018, the President announced his decision to cease the United States’ participation in the […]
Press Statement John Kerry Secretary of State Washington, DC December 15, 2016 Ensuring the continued implementation of the Joint Comprehensive Plan of Action is a top strategic objective for the United States and for our allies and partners around the world. The JCPOA makes our nation, and the entire […]
Two small clarifications made by OFAC on Thursday – two new JCPOA FAQs (M.4 and M.5) clarifying how snapback of the sanctions would work, and General License J has been superseded by General License J-1, which now authorizes reexport of aircraft that are subject to code sharing arrangements. Links: OFAC […]
This AML/CFT Circular issued by the Hong Kong Securities and Futures Commission (HK SFC) provides information (and links) to a Regulation which repeated Hong Kong’s sanctions on Iran, and a second one which provided an updated program based on the Joint Comprehensive Plan of Action (JCPOA). Links: HK SFC Notice […]
On Friday, OFAC updated the following questions in its separate Frequently Asked Questions (FAQ) document about the sanctions changes under the Joint Comprehensive Plan of Action (JCPOA): C.7 and C.15 (Financial and Bank Measures) K.19 (Foreign Entities Owned or Controlled by U.S. Persons) In addition, 3 new questions (M.10, 11 […]
OFAC updated the Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action, adding two FAQs related to Financial and Banking Measures (C.15 and C.16) and nine FAQs related to Foreign Entities Owned or Controlled by U.S. Persons (K.14 – K.22). OFAC added […]
Date: 25th April 2016 IMPORTANT Sanctions information email: PLEASE DO NOT REPLY TO THIS EMAIL NOTIFICATION Dear Subscriber, See the link below to the Central Bank website where you will find further information and news on Recent EU/UN Financial Sanctions . The latest news on Financial Sanctions is published directly onto […]
FAQ 417 was updated to reflect the lifting of nuclear-related secondary sanctions under the JCPOA: Payments or the Facilitation of Payments to Iranian Civil Aviation Authorities for Overflights of Iran or Landing in Iran 417. Are payments or the facilitation of payments not involving U.S. persons to Iranian civil aviation […]
On Friday, Finnish regulators recapped recent United Nations Sanctions Committees updates: Financial sanctions Terrorist sanctions Council Decision (CFSP) 2016/628 Council Implementing Regulation (EU) 2016/620 Myanmar / Burma Council Decision (CFSP) 2016/627 Iran Council Decision (CFSP) 2016/609 Council Implementing Regulation (EU) 2016/603 Export and import restrictions Myanmar / Burma Council Decision […]
Mr. Watchlist 