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After a brief hiatus…

Welcome to the “Shootout at the OFAC Corral”, the latest episode of Mr. Watchlist’s DesigNation. The new show is focused on last week’s designation of the Iranian financial services sector under Executive Order 13902, and the designation of 18 Iranian banks (which had already been sanctioned under the Iranian Transactions […]

May 27, 2020: Iran-a-Rama, Part 1 – the designations, FAQs and State Department Press Release

Yesterday, OFAC designated the following two persons: AGHA’I, Majid (a.k.a. AGHAEI, Majid), Iran; DOB 13 Apr 1984; POB Ghom, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 1199310281 (Iran) (individual) [NPWMD] [IFSR].  SAZGAR, Amjad, Iran; DOB 16 Apr 1979; POB Babol, Iran; nationality Iran; […]

Turning off the spigots…

Decision on Imports of Iranian Oil Press Statement Michael R. Pompeo  Secretary of State Washington, DC April 22, 2019 Today we are announcing the United States will not issue any additional Significant Reduction Exceptions to existing importers of Iranian oil. The Trump Administration has taken Iran’s oil exports to historic […]