Davis Polk - On May 8, 2018, President Trump announced that he was terminating the United States’ participation in the Joint Comprehensive Plan of Action (“JCPOA”) with Iran and issued a National Security Presidential Memorandum (“NSPM”) directing his administration to immediately begin the process of fully re-imposing sanctions that target critical sectors of Iran’s … [Read more...]
LA Businessman Guilty of Transferring Millions Between US and Iran
LOS ANGELES – The owner of a Los Angeles-based international food distribution company pleaded guilty this afternoon to a federal charge of operating an unlicensed money transmittal business through which more than $17 million was transferred between Iran and the United States. Ali Amin, a 57-year-old resident of the Bel-Air district of Los Angeles, also pleaded … [Read more...]
