HM Treasury Notice in respect of EU Council Regulation 961/2010 - Iran sanctions
HM Treasury issued a Financial Sanction / Counter Illicit Finance Notice (the "Treasury Notice") on 27 October 2010 witha detailed commentary on the EU Regulation. The UK Treasury Notice on Council Regulation (EU) 961/2010 is available athttp://www.hm-treasury.gov.uk/d/public_notice_reg961_271010.pdfCouncil Regulation (EU) 961/2010 is available athttp://www.hm-treasury.gov.uk/d/council_regulation_eu_961_251010.pdf
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The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has continued to focus on international shipping as a means to implement the Iranian sanctions program and has now turned its attention to the bunkering of vessels engaged in Iranian trade or involving Iranian vessels.