The Securities and Exchange Commission is expanding the pool of public companies being examined about their compliance with U.S. sanctions against IRan and many other nations on our blacklist of individuals and entities grows. It is increasing its comment letters to companies and requesting more information related to dealings in countries targeted by U.S. sanctions. According to the Wall Street Journal over 42 companies received letters from the SEC regarding activity in areas subject to sanctions enforced by the Treasury Department’s Office of Foreign Assets Control.
T SEC has sent letters to companies such as PayPalHoldings Inc., Bank of New York Mellon Corp. and Chinese travel-services provider Ctrip.comLtd. with sanctions-related questions. 1,500 individuals or entities were added to the U.S. sanctions list