Treasury Secretary Tells Congress That Economic Sanctions ‘Really Work’

Secretary of the Treasury Steven Mnuchin told Congress this week that he is devoting a considerable amount of effort on economic sanctions and enforcement. About half of his time, Mnuchin told Congress Wednesday, is dedicated to figuring out how to best use economic sanctions. In response to a question from Rep. Peter Roskam (R-Ill.) about the resources available for …

Exporting Bomb Parts to Iran Lands Singaporean National 40 Months in U.S. Prison

Extradited from Indonesia to the United States early last year, Lim Yong Nam, a Singaporean national, was sentenced last week in U.S. federal court to forty months prison for illegal exports of American-made dual-use products to Iran. Kim was part of a group that included at least ten persons and companies that were indicted by a grand …

New U.S. Economic Sanctions on Iran in the Legislative Pipeline

While the mainstream focused on healthcare reform this week, the Trump administration and both chambers of the U.S. Congress were busy moving new regulatory and legislative product on Iran. If you guessed sanctions, you’d be right. By way of follow up to new economic sanctions announced March 21, the Trump administration blacklisted yesterday several foreign entities …

Proposed Wyoming Law Would Ban Investments, Certain Business with Iran, Cuba Connections

Residents of the state of Wyoming know a thing or two, more like several billion dollars a years worth of knowledge, when it comes to international trade. On January 17, 2017, several influential members of the Wyoming legislature filed a bill that reinforces American values by “prohibiting the investment of Wyoming state funds Iran or Cuba.” Over …

Cuba Needs to Pay In Order to Play

Opponents of U.S. economic sanctions, especially many in Congress as well as K Street special interests, argue that U.S. sanctions have not worked and, as such, it is time to try something different. Academics, politicos, and lobbyists have built careers trying to undermine sanctions as a viable foreign policy tool and Cuba remains their poster child. Of course, …

Your Man in Havana

The attached law note, Your Man in Havana, was published in 54th edition of the London-based World Export Controls Review Journal. If you’re in the export controls or economic sanctions compliance or law orbit, you should consider a WorldECR subscription. Be sure to visit their website. I completed this law note a week before President …

Someone Needs to Remind Cuba That Access to the U.S. Market Is a Privilege, Not a Right

A federal judge in Miami has locked up a merry band of Cubans who were abusing U.S. and Florida laws to create sham marriages to secure entry to the U.S. This case is just one of many concrete examples why the Cuban Adjustment Act needs to be reformed, or replaced, with a better law that …