Sanctions compliance officers should be on alert following several new sanctions designated by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) against Iran’s largest steel, aluminum, copper, and iron manufacturers, as well as eight senior Iranian regime officials who are directly responsible for the regime’s violent acts.
In a press briefing held Friday, Secretary of the Treasury Steven Mnuchin announced the imposition of new sanctions against “any individual owning, operating, trading with, or assisting sectors of the Iranian economy, including construction, manufacturing, textiles, and mining.”
