Dorsey & Whitney LLP (JD Supra Iran)

On November 5, 2018, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) will reimpose certain economic sanctions against Iran that had been held in abeyance under the Joint Comprehensive Plan of Action (“JCPOA”), an international agreement intended to restrain Iran’s nuclear program. This action requires U.S. companies to ensure their global compliance policies prevent non-U.