The expected reemergence of Iran on global markets will likely pose the toughest challenge for sanctions compliance officers in the coming year, according to Alexandre Lamy, an attorney with Baker & McKenzie's International Trade Practice Group.
The Senate Foreign Relations Committee on Tuesday unanimously passed amended legislation that would grant Congress greater control over a potential nuclear accord to lift Iran sanctions.
American elections, EU court decisions and a potential wind-down of negotiations with Iran are complicating efforts by the United States and Europe to maintain uniformity in sanctions enforcement, say analysts.
European companies may be lining up at the gate to do business with Iran in the event of a sanctions rollback but don't expect the continent's banks to go rushing in anytime soon.
Lawmakers should press ahead with Iran sanctions bills despite pressure to put off new restrictions while American and Iranian officials hold nuclear talks, according to David Ibsen, executive director of United Against Nuclear Iran.
Despite tightened controls on interbank messaging, some bankers looking to hide the role of their blacklisted clients in international wires need only type a single key on their keyboard, according to experts.
The U.S. House Committee on Foreign Affairs approved legislation that would restrict Iran's access to its overseas assets and expand measures targeting profits derived from the country's commercial trade.
U.S. lawmakers will seek to advance a bill next week that would impose sanctions against companies that trade with Iran unless they agree to reduce their ties to the country within 180 days.
The growing use of China's currency to conduct international trade payments could weaken the potency of U.S. efforts to promote anti-money laundering practices and impose financial sanctions, say analysts.
The U.S. Treasury Department's sanctions arm is gearing up to blacklist financial institutions secretly acting on behalf of Iran in an effort to bypass economic prohibitions, the agency's director said Wednesday.
The U.S. Treasury Department is investigating Middle Eastern currency exchange houses and trading companies purportedly helping Iranians evade sanctions, officials said Thursday.
New U.S. Treasury Department banking restrictions designed to hamstring Iran's nuclear program will curtail personal remittances and the ability to receive payments for licensed exports to the country, say analysts.
The U.S. House of Representatives Wednesday approved legislation that would require the White House to identify interbank messengers serving Iran's financial sector and order companies to divulge their Iranian ties.
An American sanctions law passed in December is raising compliance concerns at banks involved in energy sector deals, despite U.S. waivers permitting related transactions, say attorneys and bank officials.
Representatives of the world's primary financial messaging platform are lobbying U.S. lawmakers to abstain from blacklisting additional Iranian banks in future and pending legislation, say congressional sources.
A federal appeals court could rule within weeks on whether an exiled Iranian opposition group should be removed from a sanctions list maintained by the U.S. State Department.
U.S. lawmakers will likely move to strengthen restrictions on correspondent accounts in the reconciled version of an Iran sanctions bill expected to pass the Senate by June, say congressional sources.
India faces a possible U.S. sanction over its reluctance to reduce Iranian oil purchases, MONEYVAL believes knowledge about the money laundering risks of new payment methods and the Internet is "relatively low", and more, in this week's roundup.
A congressional panel Thursday approved a measure requiring the White House to publicly report on the financial networks used by Iran and Hezbollah in South America to evade U.S. financial sanctions.
Proposals to bar Iranian financial institutions from a global interbank messaging service would impose additional costs on Iran's banks without entirely blocking them from accessing Western financial institutions.