OFAC has issued new and amended Iran-related Frequently Asked Questions.
FAQ 804, which relates to the recent sanctions on and general licence concerning COSCO Shipping Tanker (Dalian) Co. (see post and post), has been amended to refer to the new FAQs on secondary sanctions. These clarify:
FAQ 303 has also been updated to clarify which insurance activities relating to Iranian specially designated nationals are subject to sanctions, and which insurance activities are not sanctionable. OFAC Notice.
Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...See profile for Michael O'Kane >