Trade & Logistics Compliance 2012 - The Evolving State of U.S. Sanctions Against Iran

Learn about the current state of U.S. economic sanctions imposed against Iran and where they may lead next. Learn about OFAC administered sanctions regulations, the statutory sanctions imposed under ISA and CISADA and also the OFAC licenses and exemptions to the U.S. sanctions against Iran.

Due to an increasingly complex web of regulations, statutes, and policies being imposed by the U.S. government, the burden on U.S. persons and entities to comply with sanctions on Iran has become more burdensome than ever. Further exacerbating this is OFAC’s willingness to impose large fines such as the one we saw earlier this year on JP Morgan Chase for $88.3 Million. Now more than ever compliance programs must be robust and due diligence measures sound in order to avoid massive penalties for violations of Iran sanctions.