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Focus on Regulation

Tag Archives: sanctions and non-US subsidiaries

Expanded Iran sanctions will reach non-US subsidiaries

Section 218 of the “Iran Threat Reduction and Syria Human Rights Act of 2012,” which was signed by President Obama into law on August 10, 2012, significantly expands the scope of U.S. sanctions against Iran by extending the full range of restrictions to the activiteis of non-U.S. entities owned or controlled by U.S. persons (including U.S. companies).  This provision specifies that the President shall, “[n]ot