US REVOKES CERTAIN AUTHORISATIONS RELATED TO IRAN AND ISSUES “WIND-DOWN” REGULATIONS

Holland & Knight on 29th June published an article saying that OFAC on June 27th took further concrete action to reimpose restrictions on Iran that were authorised by OFAC general licence during the period that the JCPOA was in effect.  OFAC replaced general licences with new regulatory general licences allowing for the winding-down of previously authorised activities.

https://www.jdsupra.com/legalnews/u-s-revokes-certain-authorizations-41108/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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