On Wednesday, March 16, Acting Director for the Office of Foreign Assets Control (OFAC) John Smith led a six-person delegation to Switzerland for a series of high-level meetings with Swiss government officials. While these meetings covered a number issues, the primary point of focus was continued Iran sanctions implementation as well as sanctions relief associated with the recent “P5+1” nuclear agreement. In addition to meeting with SECO, FINMA, EDA, and SIF, Acting Director Smith and his team held a two-hour information session with over 70 members of the Swiss banking, finance, and insurance industries. There, they outlined U.S. sanctions policy associated with Iran and details surrounding newly implemented sanctions relief. For more detail on U.S. Treasury Department sanctions policy, please visit the Office of Foreign Assets Control website here.

By U.S. Mission Switzerland | 16 March, 2016 | Topics: Events