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However, Section 601 is also explicit on the point that the president must use his authorities from IEEPA to "carry out" the terms and provisions of ITRA itself, including Section 218--which mandated that, before this form of sanctions relief can be granted, Iran must be removed from the State Department's terror list.
IEEPA also directly states that "[i]t shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any license, order, regulation, or prohibition issued under this chapter.
1605(c) Nonproliferation The President may exercise IEEPA authorities, excluding instances of "urgent humanitarian assistance," toward the foreign country.
IEEPA criminal penalties can reach $500,000 for corporations and $250,000 for individuals,56 and 20 years imprisonment per violation and the civil penalties can reach the greater of $250,000 per violation, or twice the amount of the transaction that is the basis of the violation.
In the 2000s, for instance, the United States used IEEPA designations to strike at the political and economic leaders of Liberia, who (as in today's Russia) were largely one and the same.
117) Moreover, the President can only exercise his IEEPA authority during an international emergency--the time when executive power to act without interference is at its peak.
Clearly, CPAs involved with a global corporation need to be aware of the sanctions programs related to TWEA and IEEPA in order to avoid problems with contracts and employment decisions.
Habibion, Motamedian and Online Micro LLC are charged with 14 counts of violating IEEPA, 14 counts of making or causing false statements to the United States and four counts of obstruction of justice.
Assa was accused of "providing numerous services to Bank Melli in contravention of IEEPA and the Iranian Transactions Regulations promulgated thereunder.