Frequently Asked Questions

… corruption or other activities relating to the diversion of goods intended for the people of Iran, the transfer of goods or technologies to Iran that are likely to be used by the Government of Iran or any of its agencies or instrumentalities to… Read more

… to fall within the bounds of the significant reduction exception , any funds owed to Iran as a result of the bilateral trade transaction must be credited to an “account located in … at the same FFI that facilitated the transaction for the importation of goods or services from… Read more

… 163 … The ITR prohibit prohibit virtually all direct or indirect transactions involving Iran or the Government of Iran by U.S. persons or with a nexus to the United States, unless otherwise authorized by OFAC or … requires U.S. persons to block all property and… Read more

… 118 … No. As long as you are satisfied that the client is not ordinarily resident in Iran, then the account does not need to be restricted. See FAQ 37 .  … I have a client that is in Iran to visit a relative. Do I need to restrict the account? …

… … In the absence of information proving to your satisfaction that the account holder is not in Iran, you should consider the account restricted based on the W-8 filing. See FAQ 37 . … I have an account with a W-8 showing an address in Iran. Is the account… Read more

… States of persons determined to have engaged in the transfer of goods or technologies to Iran that are likely to be used by the GOI or any of its agencies or instrumentalities to commit serious human rights abuses against the people of Iran or the provision of… Read more

… (including any sale) of agricultural commodities, food, medicine, or medical devices to Iran; or (ii) to transactions for the conduct of the official business of the United Nations … or otherwise excepted from sanctions: The sale, supply, or transfer of goods and services to… Read more

… of Licensing Procedure reflects procedures established pursuant to section 413 of the Iran Threat Reduction and Syria Human Rights Act (the TRA). These procedures stipulate that, as … in certain human rights-, humanitarian-, and democracy-related activities with respect to… Read more

… hardware incident to communications authorized for exportation, reexportation, or provision to Iran previously found in the Annex to GL D-2 is now found in the 31 CFR § 560.540 List of … in addition to the United States, provided that the items were previously exported to… Read more

… 13846, these measures include implementing authority for and additional tools related to: the Iran Sanctions Act of 1996, as amended (ISA) , the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010, as amended (CISADA) , the Iran… Read more