Iran Sanctions
On November 21, the Obama Administration announced that it was designating Iran as a jurisdiction of “primary money-laundering concern” ― sending a warning to financial institutions around the world that they should think twice before doing business with Tehran. The move, coordinated with actions by Britain and Canada, followed the release of a report by the International Atomic Energy Agency saying that Iran is working to build a nuclear weapon. Tehran has denied the charge, maintaining that its nuclear activities have been for peaceful purposes, such as power generation. President Obama also issued an executive order instituting a ban on…
