Clifford Chance

New US Sanctions Measures to Prevent Evasion of Iran and Syria Embargoes

1 May 2012

In response to evasion by non-US persons of US sanctions against Iran and Syria, President Obama issued an Executive Order today "Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria" (the "FSE EO").  The FSE EO gives the US Secretary of the Treasury authority to designate non-US individuals and entities that have violated, attempted to violate, conspired to violate, or caused a violation of US sanctions against Iran or Syria, or that have facilitated deceptive transactions for persons subject to US sanctions concerning Syria or Iran.

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