OFAC’s Summer of Surprises

via LobeLog by Samuel Cutler The Treasury Department’s Office of Foreign Assets Control (OFAC) is primarily known for its role as the agency charged with enforcing Iran sanctions. This summer, however, the agency came out with a series of actions… Continue Reading  

Effect of Eased Iran Restrictions May Take Time

by Erich C. Ferrari and Samuel Cutler In a move alluded to earlier this week by Undersecretary of State for Political Affairs Wendy Sherman, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has released General… Continue Reading  

New Sanctions on Iran and Neo-Big Stick Diplomacy

by Erich C. Ferrari and Samuel Cutler Contained in the Defense Authorization Act (NDAA) of 2013, and signed into law by President Obama on January 2, are sweeping new sanctions targeting Iran over its disputed nuclear program. The new measures… Continue Reading  

Sanctions Continue to hit Average Iranians

The US-led sanctions regime isn’t directly targeting Iran’s healthcare system but reports continue to suggest that critically-ill Iranians are being affected. The Al Jazeera English clip above squares with Najmeh Bozorgmehr’s Financial Times article from September about how sanctions on Iran’s Central Bank are… Continue Reading