The US State Department has expanded the scope of the Iran metal-related sanctions to add 22 materials determined to be used in connection with Iran’s nuclear, military, or ballistic missile programmes. Those who knowingly transfer such metals to Iran may become subject to sanctions under Section 1245 of the Iranian Freedom and Counter-Proliferation Act (IFCA).
The State Dept has also continued its determination that the Islamic Revolutionary Guard Corps (IRGC) controls Iran’s construction sector (see post). As a result, the sale, supply or transfer of certain metals, including graphite or raw or semi-finished metals, to be used in connection with the construction sector of Iran may constitute sanctionable conduct. See press release.
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 >