All tagged SDGT

Parsian Bank CEO: US Treasury Made ‘Mistake’ in Iran Sanctions Designation

◢ In an exclusive interview with Bourse & Bazaar, CEO of Iran’s Parsian Bank, which was sanctioned last week by the US Treasury, has described the designation of the bank as a Specially Designated Global Terrorist (SDGT) a “mistake.” The move against one of Iran’s leading private sector banks by has many in Iran’s banking sector worried about the ongoing viability of humanitarian trade.

Iran Sanctions Policy Increasingly Throttles Free Trade in Ideas

◢ Since 1988, the Berman Amendment has limited the authority of the President to restrict the exchange of information as part of American sanctions policy. 

◢ But the new sanctions designation of the IRGC and recent voluntary actions by American companies suggest that the long standing protection for the free trade of ideas is under threat, as OFAC seems less willing to provide clear protections.