After its withdrawal from the Joint Comprehensive Plan of Action (JCPOA) on May 8th, the United States’ Office of Foreign Assets Control (OFAC) began adopting a number of sanctions against Iran. The majority of these include the re-imposition of actions in effect prior to the JCPOA.
Cyber-related sanctions controls have been a hot button issue for years. The U.S. Office of Foreign Assets Control (OFAC) is now populating Denied Party Screening (DPS) lists with names. Market leading businesses are including a cyber sanctions review as one of the standard checks and balances prerequisite to reduce risk.
