By: Scott Maberry and Matthew Riemer
As the new year brings in a new term for the Obama Administration, the pace of Iran sanctions shows no sign of slowing. As we reported in October and November, Washington’s commitment to denying Iran the ability to advance its nuclear weapons program remains steadfast. We expect the Iran Freedom and Counter-Proliferation Act of 2012 (IFCPA), included in the National Defense Authorization Act for Fiscal Year 2013, to deal another powerful blow to large sectors of the Iranian economy and significantly expand the universe of “persons” to be placed on OFAC’s List of Specially Designated Nationals and Blocked Persons (the SDN List).
Continue Reading New Law Expands Scope of Iran Sanctions In New Ways