Yet another bank is being fined for violating U.S. sanctions by conducting business with Iran. According to Reuters, Asian-focused bank Standard Chartered is expected to pay $330 million to settle a case with U.S. regulators.
Iran Sanctions Broken by Standard Chartered - $330M Settlement
Posted by Martijn van Gils on Fri, Dec, 7 2012 @ 9:39 AM
Topics: Export Management, Export License Management, Export Compliance, Export Violations
EU Cuts Syria Sanctions Term
Posted by Martijn van Gils on Fri, Dec, 7 2012 @ 9:26 AM
The European Union will reduce its renewal term for sanctions on Syria to three months from an expected year. EU diplomats think that doing so will make it easier to equip rebels fighting to depose President Bashar al-Assad.
Topics: Export Management, Export Compliance
US Senate Unanimous in Vote for Tougher Sanctions Against Iran
Posted by Martijn van Gils on Wed, Dec, 5 2012 @ 6:31 AM
On November 30, 2012, the United States’ Senate passed the Menendez amendment (SA 3232) adding stronger Iran sanctions to the National Defense Authorization Act. Key features of the amendment, drafted by Senators Robert Menendez, Mark Kirk, and Joe Lieberman, according to Robert Menendez’ website, are that it:
Topics: Export Management, Export Compliance
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