This event with Sigal Mandelker, Under Secretary for Terrorism and Financial Intelligence, US Department of the Treasury will be a unique opportunity to hear insights and discuss US sanctions policy on Iran as well as Russia.
On 8 May 2018, President Trump announced his decision to cease US participation in the Joint Comprehensive Plan of Action (JCPoA), and to begin re-imposing, following a wind-down period, the US nuclear-related sanctions that were lifted pursuant to US commitments under the agreement. In conjunction with this announcement, the President issued a National Security Presidential Memorandum (NSPM) directing the US Department of the Treasury and other Departments and Agencies to take the actions necessary to implement his decision. The Departments and Agencies began the process of implementing 90-day and 180-day wind-down periods for activities involving Iran that were consistent with the US sanctions relief specified in the JCPoA.
On 6 August 2018, the first set of sanctions came back into full effect with the remaining sanctions to be re-imposed on 4 November 2018. The EU has made it clear that it wishes to preserve the agreement and has taken legislative action in an effort to protect EU businesses from US sanctions. Questions about the effectiveness of the blocking statute have been raised, especially where there are greater commercial ties to the US than Iran.
This event is part of our ongoing engagement with the US government on sanctions issues. It will be an opportunity to explore the evolving dynamics surrounding UK, EU and US policy and the need to provide clarity and certainty for business.
About our speaker
Sigal P Mandelker was confirmed as Under Secretary of the Treasury for Terrorism and Financial Intelligence in June 2017. She is charged with developing and implementing US government strategies to combat terrorist financing and money laundering, as well as other policies and programs to fight financial crime.
1 Wood Street,