Sentence examples for sanction laws from inspiring English sources
The bank admitted that its money-laundering controls and compliance with sanction laws had been inadequate.
Earlier this year Iran offered to buy US civilian aircraft, a proposal that would run foul of US sanction laws.
Because the Treasury Department is responsible for enforcing sanction laws, Mr. Geithner spent time explaining the new legislation, which would generally deny access to the American financial system for foreign financial institutions that do business with Iran's Central Bank.
Mr. Obama has welcomed the initial steps to loosen the military dictatorship and met Mr. Thein Sein in the White House in May, but the sanction laws remain on the books and can be reinstated if the reforms are reversed.
"What we can tell you is that United States trade restrictions and economic sanction laws prohibit Blizzard from doing business with residents of certain nations, including Iran," it said.
United States officials charged with enforcing sanctions against Syria would not comment on the possible violation of export sanction laws but did say that exporting technology to Syria was illegal unless the sale would promote the free flow of information between the Syrian people and the outside world.
"No one is going to start dealing with Suleimani," Samuel Cutler, editor of the Sanction Law blog and a policy advisor at Ferrari & Associates — a law firm whose clients are facing sanctions by the US's Office of Foreign Assets Control — told VICE News.
"The Treasury Department takes sanctions enforcement seriously and routinely investigates potential violations of sanctions laws," Mr. Sullivan said.
"China does not implement and enforce its trade controls or its sanctions laws adequately," Mr. Albright argued earlier this year.
But the new law has not been invoked, administration officials said, because sanctions laws cannot be applied retroactively.
LONDON – John W. Peace, chairman of the British bank Standard Chartered, on Thursday retracted statements about the bank's recent settlement with American authorities over violations of sanctions laws.
