Grace period through March 8 provided to foreign subsidiaries to wind down Iranian transactions. On December 26, 2012, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) ...

As we reported last month, the Obama administration continues to display a commitment to increasingly tough sanctions against Iran and its trading partners. Over the past few weeks, the U.S.

Bank of America was justified in closing an account of an Iranian citizen who couldn’t prove he was living outside of Iran, a U.S. appellate court said, saying the bank was doing so in order to comply ...