U.S. officials are increasingly relying on economic sanctions as a tool of foreign policy, but the effectiveness of sanctions in achieving policy objectives is questionable, according to Bryan Early, political science professor at University at Albany.
For the fourth time this year, U.S. officials blacklisted an Iranian national using a Caribbean passport while purportedly helping Iran circumvent sanctions.
U.S. lawmakers may soon have enough support to pass a veto-proof measure that would clear the way for sanctions against foreign banks that deal with blacklisted Iranian entities in foreign currencies.
The U.S. Treasury Department Thursday accused the owners of a Georgian bank and more than a dozen others of secretly helping Iran and Syria skirt economic sanctions.
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.
The U.S. House of Representatives Wednesday approved legislation that would limit White House-granted waivers to nations that purchase oil from Iran under a 2011 sanctions law.
The White House Monday approved new powers to stifle the use of Iran's currency, impose financial restrictions on the country's automotive sector and blacklist those who support U.S. sanctions designees.
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.
U.S. House lawmakers are working to introduce a new round of comprehensive sanctions against Iran by March in an effort to curtail the country's alleged nuclear weapons program, say sources.
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.
The White House issued an executive order Tuesday blacklisting two banks and granting the U.S. Treasury Department the power to sanction any entity that acquires Iranian oil and petrochemicals.
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.