Source: U.S. Department of Justice – Office of Public Affairs Mansour Moghtaderi Zadeh, 56, an Iranian national, was sentenced today to 18 months in prison and one year of supervised release for taking part in a conspiracy involving the purchase and shipment of various products, including aviation parts and aviation supplies, from the U.S. to […]

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Source: The Wall Street Journal WASHINGTON—The Obama administration agreed to back the lifting of United Nations sanctions on two Iranian state banks blacklisted for financing Iran’s ballistic-missile program on the same day in January that Tehran released four American citizens from prison, according to U.S. officials and congressional staff briefed on the deliberations. The U.N. […]

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Source: U.S. Department of the Treasury – OFAC Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), covering activities undertaken by the Treasury Department’s Office of Foreign Assets Control (OFAC) under Section 906(a)(1) of the TSRA from January through September 2015. Under the […]

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Source: U.S. Department of the Treasury – OFAC a)(l) The reexportation by a non-U.S. person of Eligible Aircraft to Iran on temporary sojourn is authorized, provided all of the criteria set forth in paragraph (b) are satisfied. (2) For purposes of this general license, the term “Eligible Aircraft” means a U.S.-origin fixed-wing civil aircraft or […]

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Source: U.S. Department of Justice – Office of Public Affairs Erdal Kuyumcu, 44, the CEO of Global Metallurgy LLC, a company based in Woodside, New York, pleaded guilty to one count of conspiring to violate the International Emergency Economic Powers Act, in connection with the export of specialty metals from the United States to Iran. […]

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Source: U.S. Department of the Treasury – OFAC OFAC updated the Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action, adding two FAQs related to Financial and Banking Measures (C.15 and C.16) and nine FAQs related to Foreign Entities Owned or Controlled by U.S. Persons (K.14 […]

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Source: The U.S. Department of Justice – Office of Public Affairs Ali Reza Parsa, 45, a Canadian-Iranian dual citizen and resident of Canada, was sentenced to three years in prison for his participation in a conspiracy to violate the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR). The sentence […]

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