Frequently Asked Questions

196 … Context Information: This FAQ is associated with  Executive Order 13608 . The account is not blocked; however, it is restricted and you cannot allow it to be operated without authorization from OFAC. … I am a financial institution and I hold an account for a listed person. What do I do with…

197 … Property of an Executive Order 13608 -listed person is not blocked, but U.S. persons must have authorization from OFAC to provide or procure such property to or from a listed person, or to provide or procure services to or from a listed person in connection with such property. Additionally,… Read more

198 … No. U.S. persons are prohibited from all transactions or dealings described in Executive Order 13608 with persons listed under Executive Order 13608, unless authorized by OFAC or where the transaction is otherwise exempt from regulation under the International Emergency Economic Powers Act… Read more

199 … Like a designation, a U.S. person is prohibited, unless authorized by OFAC or if the underlying transaction is exempt from regulation under the International Emergency Economic Powers Act , from dealing with an identified or listed person. Unlike a blocking designation, the property and the… Read more

200 … Treasury's authority under Executive Order 13608 has some similarities to Commerce's authority under the Export Administration Regulations ("EAR"). Commerce may impose denial orders on persons (both foreign and U.S.) who have committed violations of the EAR or present an imminent risk of… Read more

201 … No. U.S. persons cannot have any dealings with a person identified or listed under this Executive Order absent specific authorization from OFAC pursuant to the Executive Order 13608 , unless the transaction is exempt from regulation under the International Emergency Economic Powers Act . …… Read more

202 … If a transaction is underway at the time of an Executive Order 13608-listing, a U.S. person must cease dealing with the listed person and the U.S. person is prohibited from engaging in transactions or dealings in or related to any goods, services, or technology to or from the listed person,… Read more

203 … Context Information: This FAQ is associated with  Executive Order 13608 . No. Without specific authorization from OFAC, U.S. persons cannot use a listed person to process personal remittances. … Can a U.S. person use a listed person to facilitate personal remittances to or from Iran or …

204 … The authorities granted under this Executive Order are in addition to current authorities that Treasury has to pursue an enforcement action for violations of U.S. law, and Treasury is not required to pursue a civil enforcement action prior to identifying or listing a person pursuant to… Read more

207 … Based on information made available to the Treasury Department, the Department has found that China’s Bank of Kunlun has knowingly facilitated significant transactions for various Iranian-linked banks designated by the United States under our WMD or terrorism authorities. Upon finding that… Read more