• New Sanctions Legislation Mandates Public Disclosure and Investigation of Certain Activities Involving Iran, SDNs
  • November 21, 2012
  • Law Firm: Alston Bird LLP - Atlanta Office
  • On August 10, 2012, President Obama signed the Iran Threat Reduction and Syria Human Rights Act of 2012 (the “Act”), which includes a wide array of amendments to the Iran Sanctions Act of 1996 (ISA), the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA) and other measures designed to prohibit transactions with Iran and persons or entities listed on the U.S. Department of the Treasury’s Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List (SDNs). As discussed in the comprehensive advisory that Alston & Bird issued on August 1, 2012, the Act contains many problematic provisions.