Course Duration: 7 minutes
Course Points: 5
Fintelekt Academy presents the Monthly Sanctions Update for October 2021 by international sanctions lawyer Nicholas Turner, Of Counsel, Steptoe & Johnson LLP.
The US sanctions front has been slower than usual due to key nominees to positions in the US Treasury, State and Commerce departments awaiting confirmation by the US Senate. Yet there were key developments during the month that include:
- the issuance of a report from the US Treasury Department containing findings of a review of all 37 of its sanctions programmes. The report contains five strategies for enhancing US sanctions.
- the publication of a Sanctions Compliance Guidance for Virtual Currency Industry
- developments in the Iran sanctions programme – including talks about negotiations returning under the JCPOA and sanctions against parties involved in Iran’s unmanned aerial vehicle programme
- sanctions against individuals in Lebanon accused of public corruption and misuse of state assets.
For the quick but comprehensive round-up, watch the 7-minute video.