US identifies Iran’s financial sector & designates 18 banks

The US has identified the financial sector of the Iranian economy pursuant to section 1(a)(i) of Executive Order (E.O.) 13902, which provides OFAC with the authority to designate any Iranian financial institution. 18 banks have been listed, and will be subject to secondary sanctions. Treasury Secretary Steven T Mnuchin said these sanctions are designed to prevent “illicit access to US …

IranIran United StatesUnited States

About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

See profile for Maya Lester QC >