Expanding The Extraterritorial Reach Of US Sanctions
May 14, 2012, 1:19 PM EDT
Law360, New York (May 14, 2012, 1:19 PM EDT) -- In less than a two-week period, President Obama issued two executive orders expanding sanctions against Iran and Syria administered by the U.S. Treasury Department’s Office of Foreign Assets Control. These important new sanctions focus, respectively, on “cyber-suppression” and “foreign sanctions evaders,” and both reflect the administration’s increased willingness to target third-country nationals that engage in a wide array of activities involving Iran or Syria.
In addition, these increased measures serve to demonstrate the expanding extraterritorial reach of U.S. sanctions against Iran and Syria, even for activities...