By Executive Order 13871, on May 8, 2019 President Trump imposed sanctions against the Iron, Steel, Aluminum and Copper sectors of Iran, pursuant to the IEEPA. The Order imposes sanctions upon any foreign financial institution that conducts or facilitates any financial transaction involving Iran's industrial metals.
Compliance officers whose bank clients engage in international trade in the metals listed above should review the Order here. as it appears in the Federal Register.
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