State Lifts Foreign Exchange, Banking and Property Sanctions on Associated Shipbroking

The State Department on Feb. 7 lifted sanctions imposed on Associated Shipbroking in 2011 over violations of the Iran Sanctions Act of 1996. State imposed foreign exchange, banking transactions and property transactions sanctions on Associated Shipbroking and any organization in which Associated Shipbroking has an interest of 50 percent or more. State has lifted sanctions on 17 other entities since 2010, according to the Federal Register notice.