Frequently Asked Questions

171 … No. Any foreign financial institution that knowingly facilitates significant transactions or provides significant financial services for a U.S.-designated, Iranian-linked financial institution can be sanctioned under section 104(c) of CISADA and section 561.201 of the Iranian Financial… Read more

686 … The terms iron, iron products, steel, and steel products mean any raw, semi-fabricated, fabricated, or finished form of iron, iron alloy, alloy steel, non-alloy steel, ferroalloys, pig iron, and spiegeleisen of all grades, sizes, and thicknesses, whether or not clad, plated, or coated,… Read more

687 … The term aluminum sector of Iran means the mining, refining, processing, or manufacturing of aluminum or aluminum products in Iran. (31 C.F.R. § 561.332; 31 C.F.R. § 562.313). … What is the definition of the “aluminum sector of …

688 … The terms aluminum and aluminum products mean any raw, semi-fabricated, fabricated, or finished form of aluminum or aluminum alloy of all grades, sizes, and thicknesses, including in the following forms: ores and concentrates (e.g., bauxite and alumina); unwrought aluminum including ingots,… Read more

624 … Subsection 1(a)(iii) of E.O. 13846 provides authority to block the property and interests in property of persons determined, on or after November 5, 2018, to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in… Read more

689 … The term copper sector of Iran means the mining, refining, processing, or manufacturing of copper or copper products in Iran. (31 C.F.R. § 561.334; 31 C.F.R. § 562.314). … What is the definition of the “copper sector of …

630 … The wind-down period has ended and the United States intends to fully enforce the sanctions that have come back into effect. The provision or delivery of goods or services and/or the extension of additional loans or credits to an Iranian counterparty after November 4, 2018 — even pursuant to… Read more

631 … In the event that a non-U.S., non-Iranian person is owed payment after the conclusion of the wind-down period on August 6, 2018, or November 4, 2018, as applicable, for goods or services fully provided or delivered to an Iranian counterparty prior to August 6, 2018, or November 4, 2018, as… Read more

632 … OFAC encourages non-U.S., non-Iranian persons to rely on the guidance provided in FAQs 631 and 634. Non-U.S., non-Iranian persons can seek guidance from OFAC or the State Department, as appropriate, prior to the receipt of payment, if they would like to confirm that the payments would meet… Read more

633 … OFAC looks to the industry standard to determine whether particular goods or services are considered fully provided or delivered prior to the expiration of the relevant wind-down period. As a general matter, goods or services will be considered fully provided or delivered when the party… Read more