In The News

U.S. Sanctions Agency Beefs Up Staff to Help Implement Iran Deal


16 Jun 2016

Serving as the Director of the U.S. Treasury’s Office of Foreign Assets Control (OFAC), Morrison & Foerster partner John E. Smith stated to Reuters that since the nuclear deal with Iran, OFAC has received “hundreds if not into the thousands by this point” of applications from businesses seeking licenses to do trade in Iran. Each of those licenses must be assessed by OFAC staff in accordance with complex and overlapping regulations. 

Read the full article “U.S. sanctions agency beefs up staff to help implement Iran deal.”



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.