WARNING TO BUSINESS AS JCPOA WIND-DOWN PERIOD COMES TO AN END

On 1st November, World ECR published a “warning” that 4th November marks the end of a 180-day wind-down period under which companies had the chance to phase out their activities in Iran before the re-imposition of the remaining US sanctions lifted under the Joint Comprehensive Plan of Action (JCPOA).  A slew of sanctions has already been re-imposed from August.

https://www.state.gov/documents/organization/286410.pdf

https://www.treasury.gov/resource-center/sanctions/Programs/Documents/jcpoa_winddown_faqs.pdf

https://www.worldecr.com/news/warning-to-business-as-jcpoa-wind-down-period-comes-to-an-end/

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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