OFAC has designated 4 international petrochemical and petroleum companies for allegedly facilitating transfers of millions of dollars to the state-owned National Iranian Oil Co (NIOC) in payment for petrochemical and petroleum exports. Under Executive Order 13846, secondary sanctions (asset freeze) are authorised against any foreign financial institution that knowingly facilitates a significant transaction for the NIOC (designated under E.O. 13599). …
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...
United Arab Emirates
China
Iran
United States