Fed Works With Prosecutors On Iran, Other Sanction Issues

August 7, 2012

Bloomberg on August 7, 2012 released the following:

“By Craig Torres

Federal Reserve Board spokeswoman Barbara Hagenbaugh said the central bank is working with prosecutors and the U.S. Treasury’s Office of Foreign Assets Control “on matters involving Iran and other sanctioned entities.”

“We cannot comment on ongoing investigations,” Hagenbaugh said by telephone. Hagenbaugh was responding to a query about accusations that Standard Chartered Plc violated U.S. money- laundering laws over its dealings with Iranian banks.”

————————————————————–

Douglas McNabb – McNabb Associates, P.C.’s
OFAC SDN Removal Videos:

OFAC Litigation – SDN List Removal

OFAC SDN List Removal

OFAC SDN Removal Attorneys

————————————————————–

To find additional global criminal news, please read The Global Criminal Defense Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition Defense, OFAC SDN Sanctions Removal, International Criminal Court Defense, and US Seizure of Non-Resident, Foreign-Owned Assets. Because we have experience dealing with INTERPOL, our firm understands the inter-relationship that INTERPOL’s “Red Notice” brings to this equation.

The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

————————————————————–

International criminal defense questions, but want to be anonymous?

Free Skype Tel: +1.202.470.3427, OR

Free Skype call:

           Office Locations

Email:


Clinton tells Congress 11 countries are reducing oil buys from Iran

March 21, 2012

CNN on March 21, 2012 released the following:

“By Adam Levine, CNN

WASHINGTON (CNN) — Eleven countries, including Japan and European nations, have significantly reduced their Iran oil purchases and should not be subject to new U.S. sanctions, U.S. Secretary of State Hillary Clinton told Congress Tuesday.

The countries are Japan, Belgium, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, and the United Kingdom, according to a State Department statement.

“The actions taken by these countries were not easy. They had to rethink their energy needs at a critical time for the world economy and quickly begin to find alternatives to Iranian oil, which many had been reliant on for their energy needs,” said Clinton in the State Department statement.

“Only two months after the passage of the National Defense Authorization Act for 2012, we have made progress in shrinking Iran’s oil export markets, and isolating its Central Bank from the world financial system. The United States is leading an unprecedented international coalition of partners that has brought to bear significant pressure on the Iranian regime to change its course.”

There are 12 other countries purchasing oil from Iran that could face sanctions. A State Department official who briefed reporters on the announcement would not list the countries, but major importers of Iranian oil include China, India and South Korea.

Those countries could look at Japan as an example of how to ween off Iranian oil, said the State Department official. Japan has reduced its oil purchases from Iran by 15% to 22% in the last half of 2011, the official said.

The president needs to make a final decision by March 30 as to whether those other countries have or have not met the requirements to significantly reduce Iran oil purchases. If the president determines any countries have not, the countries’ banks will face sanctions starting at the end of June.”

————————————————————–

Douglas McNabb – McNabb Associates, P.C.’s
OFAC SDN Removal Videos:

OFAC Litigation – SDN List Removal

OFAC SDN List Removal

OFAC SDN Removal Attorneys

————————————————————–

To find additional global criminal news, please read The Global Criminal Defense Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions Removal.

The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.