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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. […]

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, […]

December 20, 2019: New Ukraine/Russia-related FAQ

On Friday, OFAC issued the following new Ukraine/Russia-related Frequently-Asked Question: 815. How does the U.S. government plan to implement the wind-down specified in Section 7503(d) of the National Defense Authorization Act for Fiscal Year 2020 (NDAA), also known as the Protecting Europe’s Energy Security Act of 2019?    Upon signature by the […]

OFAC adds and updates Iran listings, issues new FAQs

Today, OFAC added a person: KHEDRI, Abdolhossein (a.k.a. KHEDRI, Abdolhossein Heid; a.k.a. KHEDRI, Abdul Hossein; a.k.a. KHODRI, Abed Al Hsein Heid), Iran; DOB May 1971; POB Bushehr Province, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male (individual) [SDGT] [IFSR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)-QODS FORCE). […]