Morrison & Foerster LLP (JD Supra Iran)

On Thursday, October 8, 2020, U.S. Secretary of the Treasury Steven Mnuchin identified the Iranian financial sector as subject to the sectoral sanctions of Executive Order (“E.O.”) 13902, escalating the formidable Trump Administration sanctions campaign against Iran. In accordance with this announcement, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) strengthened its...