Experts offer dose of real-world practicality to European exporters looking to trade with Iran

October 14, 2016

In January 2016, when EU and US nuclear-related sanctions were partially lifted on the promising Iranian market, prospects looked nothing but bright for businesses looking to trade with the middle-eastern giant.  After the recent nuclear deal, or Joint Comprehensive Plan of Action (“JCPOA”), was struck between Iran and six major powers, a series of European countries dispatched trade missions to Iran, in search of new opportunities within a country of 80-million inhabitants and an aging infrastructure. (more…)

In the corporate sector, executives do not remain unscathed after sanctions violations

Date: September 6, 2016
By: Daniel Calloway, SanctionsAlert.com

In September of 2015, ex-CEO of Arc Electronics Inc., Alexander Fishenko, plead guilty to a 19 count indictment which included charges of the illegal export of microelectronics, money laundering, wire fraud, obstruction of justice, and acting as an unregistered agent of the Russian government. Unlike many cases in the banking sector, where no executives have been accused of wrongdoing after violation of US sanctions laws, Mr. Fishenko, on July 21, 2016, was sentenced by a New York federal judge to 10 years in prison for his crimes. (more…)