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Paul Zimmerman
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Showing 2 posts by Mehmet Baysan.

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CAATSA vs. NDAA Unraveled

Earlier this afternoon, the U.S. Department of State and the U.S. Treasury’s Office of Foreign Assets Control (“OFAC”) announced sanctions under the Countering America’s Adversaries Act (“CAATSA”) against Turkey’s Presidency of Defense Industries (“SSB” a/k/a “SSM”) and four Turkish individuals for the acquisition of the S-400 missile defense system from Russia. By design, the individuals have been automatically placed on the Specially Designated Nationals and Blocked Persons (“SDN”) List, while SSB was listed under the newly formed Non-SDN Menu-Based Sanctions List (“NS-MBS List”). (Read More)

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The U.S. Has Designated 18 Additional Iranian Banks for Sanctions

The U.S. government has levied additional sanctions on the Iranian financial sector that will put further strain on Tehran’s ability to access the international financial system. The designations are based upon an Executive Order President Trump issued in January 2020 giving the Secretary of State and the Secretary of Treasury the ability to impose sanctions on any part of Iran’s economy. (Read More)