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.
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.
For the first time, U.S. officials have blacklisted a foreign financial institution using a July 2012 executive order that prohibits significant transactions with the Central Bank of Iran.
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 United States should more frequently blacklist foreign financial institutions that flout American sanctions barring Iranian oil sales, a lawmaker said Tuesday.
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.
A bipartisan group of senators introduced legislation Wednesday that would bar foreign financial institutions that help Iran's central bank circumvent currency restrictions from holding correspondent accounts in the United States.
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 government of Iran and banks under its influence are increasingly using investments in foreign financial institutions as a means to circumvent sanctions, including restrictions on interbank messages, say sources.
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.
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 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.