The United Nations (Sanctions – Iran) Regulations 2014 (“Sanctions”) was enacted and took effect on 29 September 2014. The United Nations (Sanctions – Iran) Regulations 2007 (“2007 Sanctions”) have been correspondingly revoked. The Sanctions build on the existing sanctions detailed in the 2007 Sanctions and provide for additional prohibitions and duties pursuant to United Nations Security Council (UNSC) Resolutions 1747 (2007), 1803 (2008), and 1929 (2010) (“Resolutions”). The Sanctions also accord wider powers to…