Mr. Watchlist’s DesigNation

Shootout at the OFAC Corral


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Last week’s designations of the Iranian financial services sector, and the designation of 18 Iranian banks, is the topic we’re discussing this week. What does it mean for firms outside the US (since these banks were already sanctioned under other authorities)? Is anything still permitted?
And what the heck is 31 CFR Chapter V? Make room in your jargon file...
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Mr. Watchlist’s DesigNationBy Eric A. Sohn