February 23, 2018
At its plenary meeting in Paris this week, the Financial Action Task Force decided to maintain Iran's status as a high-risk jurisdiction for money laundering and terrorist financing, while continuing to waive the most severe penalties for this listing. The 38-member body sets global standards on how to combat these threats to the international...
December 22, 2017
Events over the past week have created mounting pressure to address Iran's ballistic missile program and its missile and arms exports. On December 19, Iranian-backed Houthi militants in Yemen fired another short-range ballistic missile into Saudi Arabia.
September 26, 2017
The 72nd United Nations General Assembly concludes this week with increased uncertainty about the future of the nuclear agreement with Iran. In his address to world leaders on September 19, U.S. President Donald Trump called the agreement "the worst and most one-sided transaction the United States has ever entered into." It appears increasingly...
November 3, 2016
The United States and its allies have interdicted five separate weapons shipments from Iran to the Houthis in Yemen since April 2015—shipments that violate U. N. Security Council resolutions. According to U.S. Vice Admiral Kevin Donergan, “We know they came from Iran and we know the destination.” The U.S. State Department has also criticized...
October 28, 2016
Another Iranian bank has received sanctions relief earlier than anticipated under the nuclear deal with Iran. The European Union’s sanctions on state-owned Bank Saderat Iran and its London-based subsidiary, BankSaderat PLC, which were originally set to last until 2023, were quietly lifted this week. The decision was made in April, in response to...
October 6, 2016
Last week, the Wall Street Journal reported that the Obama administration secretly agreed to lift United Nations sanctions on two of Iran's missile financing institutions as part of a package of controversial accommodations with Iran in January. Critics of the move have focused on an alleged "quid pro quo" in which the delisting of Bank Sepah and...
September 22, 2016
According to a July 2016 report by the U.N. Secretary General, Iranian firms participated in a defense trade show in Iraq last March, in potential violation of U. N. Security Council resolution 2231. Under the resolution, prior approval is required by the Security Council for any arms transfer to or from Iran; none was sought. What's more, one...
September 7, 2016
The controversy over the Iran nuclear agreement was reignited last week, after a new report revealed secret exemptions Iran received in order to meet the requirements of the agreement. The response to the report has been predictably polarized...
July 12, 2016
The House of Representatives approved two measures last week aimed at blocking Boeing from selling commercial aircraft to Iran. The vote comes a few weeks after Boeing announced a preliminary agreement to sell commercial aircraft to Iran Air, Iran's national carrier, in a deal worth an estimated $25 billion. Iran Air was removed from the U.S.
June 10, 2016
The U.S. Treasury Department released new guidance on June 8 that appears intended to reassure European and other non-U.S. banks wary of doing business with Iran. In an updated explanatory document published by the Office of Foreign Assets Control, the Treasury Department stated that the U.S. financial system will remain open to foreign banks...