By Maya Lester KC & Michael O’Kane

OFAC publishes new guidance on JCPOA

OFAC has published new FAQs on the lifting of Iran sanctions under the JCPOA. The guidance is intended to address uncertainty among financial institutions and other businesses as to what is and is not prohibited under the sanctions relief. The new FAQs (C.15 & C.16, K.14-22) say that: US financial institutions can transact with and maintain correspondent accounts for non-US,…...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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