Frequently Asked Questions

601 … Yes. E.O. 13846 broadens the scope of the sanctions that were in effect prior to January 16, 2016 and provides for greater consistency in the administration of Iran-related sanctions provisions. See FAQ 597 . These added measures are as follows: i. Subsection 1(a)(iii)(B): Providing new… Read more

602 … To provide clarity and consolidate relevant authorities into a single document, E.O. 13846 revokes E.O.s 13716 and 13628, and continues in effect relevant provisions from those two revoked E.O.s. See FAQ 597  and FAQ 598 . Provisions of E.O. 13846 that carry forward relevant provisions of E.O… Read more

603 … Yes. OFAC is taking action under section 7 of E.O. 13846 to continue in effect the designations of persons who were designated pursuant to E.O. 13628 at the time of the issuance of E.O. 13846. See FAQ 602 . U.S. persons must continue to block the property and interests in property of these… Read more

604 … The Treasury Department implementation authorities set out in section 1 of E.O. 13574 for “menu-based” sanctions under ISA have been superseded by the implementation authorities for “menu-based” sanctions under a broader range of authorities that include ISA , CISADA , TRA , and IFCA , and… Read more

605 … E.O. 13846 implements provisions of, and provides additional tools related to, ISA , CISADA , TRA , and IFCA that were contained in the prior E.O.s. These include: i. Invoking the President’s authority under the International Emergency Economic Powers Act (IEEPA) to supplement statutory… Read more

606 … After the 90-day wind-down period ends on August 6, 2018, the following sanctions come into effect, including under provisions of E.O. 13846 and relevant statutory authorities: i. Sanctions on the purchase or acquisition of U.S. dollar banknotes by the GOI (see, e.g., subsection 1(a)(i) of E.… Read more

646 … Once a U.S. person determines that they hold virtual currency that is required to be blocked pursuant to OFAC's regulations, the U.S. person must deny all parties access to that virtual currency, ensure that they comply with OFAC regulations related to the holding and reporting of blocked… Read more

647 … An institution may notify its customer that it has blocked digital currency pursuant to OFAC regulations. The customer has the right to apply for the unblocking and release of the digital currency. To apply online to have the virtual currency released, please go to OFAC’s online application… Read more

481 … Pending OFAC enforcement matters will proceed irrespective of the termination of OFAC-administered sanctions on Burma, and OFAC will continue to review app​arent violations of the BSR , whether they came to the agency’s attention before or after the Burma sanctions program was terminated.… Read more

695 … Travel-related transactions are permitted by general or specific licenses for certain travel related to the 12 categories of activities identified in 31 CFR § 515.560(a) .  Those travel-related transactions permitted by general license, subject to specified criteria and conditions, include:… Read more