Expanded sanctions against Iran
24 May 2011Sanctions Alert
Yesterday President Obama issued a new Executive Order (the Order) regarding Iran. The Order does not impose new sanctions regarding Iran, but rather it addresses the U.S. Treasury Department's implementation of certain sanctions measures set forth in the Iran Sanctions Act of 1996 (ISA), as amended by the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA). In addition, today the State Department designated seven additional companies pursuant to ISA/CISADA, and Treasury designated certain of these entities as Specially Designated Nationals (SDNs). The list of companies can be found on the State Department's website.
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