Day: May 9, 2019

Freshly Brewed
Global Trade
Iran
OFAC
Sanctions

New Executive Order: Targeting Iran’s Metals Sector

Yesterday, the Trump administration issued an Executive Order (“EO”) to take steps to deny Iran revenue derived from exports of Iranian metals that may be used to fund or support the proliferation of WMDs and terrorist activities.  According to the EO, US persons cannot operate or engage in the Iranian metals sector, engage in significant […]

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Cases
Iran
OFAC
SDN

MID-SHIP Group: OFAC Settlement

Last week, OFAC announced that it has reached a $871,837 settlement with MID-SHIP Group LLC (“MID-SHIP”). The Settlement Agreement notes that in 2011, MID-SHIP (a ship broker) processed transfers of funds related to payments  for five apparent violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations. OFAC Notice, Settlement Agreement and Enforcement Information. Per the […]

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