By Meg Utterback, Aaron Wolfson
Multinational companies need to know about new sanctions on Iran that may affect their business. On June 24, 2019, U.S. President Donald Trump issued an Executive Order (“EO”) imposing sanctions on senior members of the Iranian government. The Executive Order requires that all property and interests in property, of several categories of persons, that are in the United States or come into the possession or control of U.S. persons must be blocked and reported to the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury.
Continue Reading New economic sanctions issued June 24,2019