OFAC issues Iran-related FAQs on secondary sanctions

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 805: that non-US persons are not generally exposed to sanctions for engaging in …

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About Michael O'Kane

Michael O'Kane

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,...

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