U.S. Sanctions Developments: New Opportunities and Risks in Cuba, Iran and Sudan
Insight July 21, 2017
In the last few years, drastic liberalization has changed the comprehensive U.S. sanctions against Iran and Cuba that had been maintained for decades. Iran sanctions were first enacted in 1979 (with the broad secondary sanctions for foreign subsidiaries only in place since 2012). Cuba sanctions began in 1960.
Garnering less fanfare, the U.S. also largely lifted sanctions against Sudan in January of 2017.
However, this liberalization of sanctions does not mean “all systems go.” There continue to be restrictions and requirements to doing business in all three of these countries, and strict liability for non-compliance.
Ms. Williamson has over 15 years of experience both in-house and in private practice. She focuses on compliance and white collar issues facing multi-national companies. Jill has represented companies and individuals in investigations before the Department of Treasury, Securities and Exchange Commission, and Department of Commerce. She has led internal and government investigations around the globe. As Deputy Chief Compliance Officer at Cigna Corporation and Chief Compliance Officer at Liquidity Services, she built and managed global compliance programs.