The U.K.’s Office of Financial Sanctions Implementation this week amended an existing entry under its Iran sanctions regime. The move updated identifying information for Ya Mahdi Industries Group, which was designated for its involvement in Iran’s nuclear weapons program.
Zhenyu Wang and Daniel Lane, both Texas residents, were convicted on Nov. 15 of attempting to skirt U.S. sanctions on Iran in violation of the International Emergency Economic Powers Act, DOJ announced. DOJ said they both tried to "transact in sanctioned Iranian petroleum and launder the proceeds" and were convicted of attempting to violate IEEPA, conspiracy to violate IEEPA, and conspiracy to commit money laundering.
A group of European countries not in the EU aligned with two sanctions moves from the EU on Iran and one under the bloc's regime against the proliferation and use of chemical weapons, the European Council announced Oct. 26.
The U.N. Security Council and the U.K. recently amended the sanctions entry for one of Haiti’s “most influential gang leaders.” The move revised identifying information for Jimmy Cherizier, a former police officer who has committed “serious human rights abuses,” the Security Council said.
U.N. sanctions on Iranian missile-related activities expired Oct. 18, as part of a sunset clause included in the 2015 Iran nuclear deal, which had lifted certain sanctions against Iran in return for the country placing limits on its nuclear program. The sunset in the nuclear deal “was based on the assumption that Iran would take the necessary steps towards restoring confidence in the exclusively peaceful nature of its nuclear program,” the State Department said. “This has not happened.”
A group of European countries not in the EU aligned with two recent sanctions decisions from the European Council, one under the Guinea-Bissau restrictions list and one pertaining to the situation in Iran.
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The Office of Foreign Assets Control reached a $31,867.90 settlement with New York-based Emigrant Bank this week after it allegedly violated U.S. sanctions on Iran by maintaining an account for two Iranian residents. OFAC said the bank maintained a certificate of deposit (CD) account for the two people for about 26 years, and processed 30 transactions between June 2017 and March 2021 worth about $91,000.
Global manufacturing firm 3M reached a $9.6 million settlement with the Office of Foreign Assets Control this week after it allegedly violated U.S. sanctions on Iran. OFAC said the company’s Swiss subsidiary knowingly sold reflective license plate sheeting through a German reseller to Bonyad Taavon Naja, an entity controlled by Iran’s Law Enforcement Forces.
The EU added another four people and six entities to its Iran sanctions regime for "serious human rights violations in Iran," the European Council announced. The sanctions package was issued to mark the anniversary of the death of Mahsa Amini -- who was arrested for not wearing a hijab -- in the custody of the country’s Morality Police last year. The sanctions were coordinated with the U.S. (see 2309150023).