On February 4, 2025, President Donald J. Trump issued a National Security Presidential Memorandum directing U.S. agencies to tighten enforcement of existing U.S. economic sanctions against the Islamic Republic of Iran and to impose new sanctions and other measures against the country. The Memorandum directs the Secretary of the Treasury and other officials to, among other things, impose a “robust and continual sanctions enforcement campaign,” to “issue updated guidance to all relevant business sectors,” and to consider requiring financial institutions to conduct additional due diligence on Iran-related transactions.
View other S&C insights relating to President Trump’s recent executive orders.