Frequently Asked Questions

842. What does General License L (GL L) authorize with respect to the financial sector of Iran and Iranian financial institutions (Iranian FIs) now sanctioned pursuant to Executive Order (E.O.) 13902?

… (including any sale) of agricultural commodities, food, medicine, or medical devices to Iran; pursuant to Section 12 of E.O. 13902, the prohibitions of E.O. 13902 do not apply with … What does General License L (GL L) authorize with respect to the financial sector of Iran… Read more

290. Are payments or deliveries that are made on or after July 1, 2013, for contracts that existed prior to July 1, 2013, exempted from IFCA provisions?

… to July 1, 2013, on or after which date certain activities become sanctionable under the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA). The assessment of whether such … to July 1, 2013, on or after which date certain activities become sanctionable under the … Read more

638. What happened to the E.O. 13599 List?

… that OFAC had previously identified as meeting the definition of the terms “Government of Iran” or “Iranian financial institution” still met those definitions and continued to be persons … transactions for the sale of agricultural commodities, food, medicine, or medical devices… Read more

821. What does General License No. 8A (GL 8A) authorize with respect to humanitarian-related transactions and activities involving the Central Bank of Iran (CBI) or the National Iranian Oil Company (NIOC)?

… with respect to humanitarian-related transactions and activities involving the Central Bank of Iran (CBI) or the National Iranian Oil Company (NIOC)? … with respect to humanitarian-related transactions and activities involving the Central Bank of Iran (CBI) or… Read more

210. What are the consequences for a U.S. financial institution that maintains or opens a new correspondent or payable-through account for Bank of Kunlun?

… Context Information: This FAQ is associated with the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) . A U.S. financial … Context Information: This FAQ is associated with the Comprehensive Iran Sanctions, Accountability, and… Read more

434. Are all applications designed to run on mobile operating systems (“apps”) covered by 31 CFR § 560.540 of the Iranian Transactions and Sanctions Regulations (ITSR)?

… The exportation to Iran of apps that are designated EAR99 or classified under export control classification number … The exportation to Iran of apps that are designated EAR99 or classified under export control classification number …

185. What type of activities does the GHRAVITY E.O. target?

… could assist in or enable serious human rights abuses by or on behalf of the Government of Iran or the Government of Syria. It is not intended to block exports of technology that enable … could assist in or enable serious human rights abuses by or on behalf of the Government of… Read more

260. What is a SPECIAL PURPOSE ACCOUNT for purposes of the National Defense Authorization Act's (NDAA) significant reduction exception?

… that require the account to be used only for bilateral trade in goods or services between Iran and the country with primary jurisdiction over the FFI , and for sales made under the … that require the account to be used only for bilateral trade in goods or services between… Read more

608. What transactions involving the Iranian rial are sanctionable under E.O. 13846?

… of the Iranian rial, or (ii) maintain significant funds or accounts outside the territory of Iran denominated in the Iranian rial. … of the Iranian rial, or (ii) maintain significant funds or accounts outside the territory of Iran denominated in the Iranian rial… Read more

213. Are United States financial institutions that do not hold correspondent or payable-through accounts for Bank of Kunlun required to block or reject transactions that otherwise involve Bank of Kunlun?

… Context Information: This FAQ is associated with the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) . No. U.S. financial … Context Information: This FAQ is associated with the Comprehensive Iran Sanctions, Accountability, and… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence