Menu Home

March 6, 2020: COVID-19 related Iran FAQ issued

Issuance of Iran-related Frequently Asked Question Related to Humanitarian Assistance with Regard to the Coronavirus Disease 2019 (COVID-19) outbreak in Iran 3/6/2020 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing a new Frequently Asked Question related to the manner in which humanitarian goods or assistance can […]

OFAC issues new Iran General License

Issuance of Counter Terrorism and Iran-related General License 8 and Frequently Asked Questions 2/27/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License 8 “Authorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran” and related FAQsin conjunction with the formalization of the Swiss Humanitarian Trade Arrangement (SHTA), […]

February 20, 2020: OFAC adds new FAQs about the RPPR

Issuance of Reporting, Procedures and Penalties Regulations (RPPR)-related Frequently Asked Questions 2/20/2020 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two new Reporting, Procedures and Penalties Regulations (RPPR)-related Frequently Asked Questions (FAQs). These FAQs are related to the 06/21/2019 Amendment to the RPPR.  Here are the new FAQs: 819. […]

OFSI publishes updated general guidance

Just in time for Brexit, UK regulators issued an updated general guidance document for how sanctions compliance and enforcement will proceed (at least for the time being) post-Brexit. Really, not much has changed – there will still be mirroring of the UN sanctions designations, for example. Will things diverge from […]

New OFAC Iran FAQ

Today, OFAC issued the following new Frequently Asked Question for its Iran sanctions program: 816. Is there a wind-down period for Executive Order 13902, “Imposing Sanctions with Respect to Additional Sectors of Iran” (E.O. 13902)? Persons engaged in transactions that could be sanctioned under E.O. 13902 with respect to the construction, mining, […]