Frequently Asked Questions

… from knowingly engaging in any transaction, directly or indirectly, with the Government of Iran or any person subject to the jurisdiction of the Government of Iran that would be prohibited by the ITSR if engaged in by a U.S. person or in the United States. … from… Read more

… The Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA) applies to transactions with only those Iranian financial institutions that are designated in connection with Iran’s WMD or terrorism activities and are denoted on OFAC’s List of… Read more

… of, the purchase or acquisition of U.S. bank notes or precious metals by the Government of Iran, or (ii) on or after November 5, 2018, materially assisted, sponsored, or provided … Iranian Oil Company (NIOC), the Naftiran Intertrade Company (NICO), or the Central Bank of … Read more

… or U.S. registered brokers or dealers in securities may process transfers of funds from Iran or for or on behalf of a person in Iran that are in furtherance of a transaction authorized under 31 CFR § 560.540, provided the … How can U.S. companies arrange for… Read more

… foreign persons determined to have violated or attempted to violate U.S. sanctions on Syria or Iran, or to have facilitated deceptive transactions on behalf of persons subject to those … may use this authority where it appears that a foreign person violated U.S. sanctions on… Read more

… dollar banknotes by the GOI (see, e.g., subsection 1(a)(i) of E.O. 13846); ii. Sanctions on Iran’s trade in gold or precious metals (see, e.g., subsection 1(a)(i) of E.O. 13846 and … debt (see, e.g., section 5 of E.O. 13846 and subsection 213(a) of TRA); and vi. Sanctions on… Read more

… institutions in establishing payment mechanisms to facilitate humanitarian exports to Iran that are subject to enhanced due diligence. While the United States maintains broad exceptions and authorizations for the conduct of humanitarian trade with Iran, this… Read more

… ( ITSR ) authorizes exports or reexports of certain medical devices to most entities in Iran, it does not authorize exports or reexports to military, intelligence, or law enforcement … medical devices authorize the exportation or reexportation of these items to all entities in… Read more

… or -controlled foreign entity may apply for a specific license for the export or reexport to Iran of agricultural commodities excluded from the scope of the agricultural commodities general … Who can apply for a specific license if an export or reexport to Iran… Read more

… Yes, U.S. persons should now block the property and interests in property of the Government of Iran entities appearing on the SDN List , unless OFAC has authorized the underlying transaction … OFAC’s SDN List contains a list of entities identified by OFAC as being the Government… Read more