OFAC amends Iran Sanctions Regs & delists 2 from Global Magnitsky sanctions


Today, OFAC issued an amendment to the Iranian Transactions and Sanctions Regulations, in order to take additional regulatory steps to implement the US decision to cease participation in the JCPOA. The amendment will take effect upon publication in the Federal Register on 5 November 2018. Further OFAC guidance will also be issued on that day relating to the full re-imposition of US Iran sanctions. See OFAC Notice.

Global Magnitsky:

In a separate action today, OFAC removed Turkey’s Minister of Justice, Abdulhamit Gul, and Minister of Interior, Suleyman Soylu, from the US Global Magnitsky sanctions list (US asset freezes and travel bans lifted). Both were listed in August 2018, pursuant to Executive Order 13818 (Global Magnitsky), over the arrest and detention of US Pastor Andrew Brunson (previous blog), who has since been released and returned to the United States. See OFAC Notice.

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