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The European Union has received just five applications from firms seeking an exemption from "blocking" rules introduced in August to shield businesses from the effect of newly re-imposed U.S. sanctions against Iran, an EU official told ACAMS moneylaundering.com. On Nov. 5, U.S. officials blacklisted 700 entities and individuals in what Treasury Secretary Steven Mnuchin called the "largest ever single-day action" of economic measures against Iran, six months after the United States unilaterally withdrew from the Joint Comprehensive Plan of Action, or JCPOA, a global nuclear accord with the Islamic Republic. EU officials have scrambled to find a way around the...