The full House and the Senate Foreign Relations Committee each approved several Iran sanctions bills this week, reflecting increasing congressional concern about Tehran's behavior.
Leaders of the Group of Seven (G7) nations have discussed the possibility of imposing additional sanctions on Iran in response to that country’s drone and missile attack on Israel last week, White House National Security Communications Adviser John Kirby said April 15.
The ranking member of the Senate Banking Committee said April 12 that he has asked the Treasury Department to provide “an accounting of all international high-value Iranian assets around the world that are currently blocked by U.S. sanctions.”
Sen. Tim Scott, R-S.C., the ranking member on the Senate Banking Committee, and 12 other Republican senators criticized the Biden administration’s renewal of an Iran sanctions waiver last month, saying the move will help Tehran fund terrorism.
Sanctions compliance professionals should familiarize themselves with several advisories authorities recently issued to help spot “dark fleet” vessels that seek to evade the price cap on Russian oil sales or oil sanctions on Iran and Venezuela, experts said April 4 during a webinar hosted by the Association of Certified Sanctions Specialists.
Senate Foreign Relations Committee Chairman Ben Cardin, D-Md., said March 7 that his panel could soon consider several bills, including Iran sanctions legislation.
The U.K.'s Office of Financial Sanctions Implementation on March 4 published a trade and export guide on doing business in Iran to support "sanctions-compliant trade" with the country. The guidance outlines export opportunities in the agriculture, healthcare, and food and drink industries along with the risks of doing business in Iran and the Iranian legal system. OFSI also summarized its current sanctions on Iran, which include trade sanctions on military goods, nuclear and missile-related goods and more.
The Biden administration and Congress should wield a wide range of tools to choke off Iran’s oil exports, which are fueling Tehran’s support for terrorist groups, a former State Department official said Feb. 28.
A U.K. citizen was sentenced to 18 months in prison Jan. 31 for violating U.S. sanctions on Iran by exporting and attempting to export dual-use goods to Iran without the required license.
A bipartisan group of 18 senators led by Sens. Marco Rubio, R-Fla., and Maggie Hassan, D-N.H., sent a letter Jan. 31 to President Joe Biden urging him to boost enforcement of oil sanctions on Iran to curb Tehran’s ability to fund terrorism.