Frequently Asked Questions

207. What were the criteria for Treasury's CISADA finding against Bank of Kunlun? How many other institutions were you looking at and why did you decide to take action against Bank of Kunlun?

… Kunlun was knowingly engaged in these activities that are sanctionable under the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA), the Secretary of the Treasury has … Kunlun was knowingly engaged in these activities that are sanctionable under the… Read more

635. Can I, as a U.S. person or U.S.-owned or -controlled foreign entity, receive payments after the relevant wind-down period ends for goods or services that were fully provided or delivered during the relevant wind-down period under an OFAC wind-down authorization and pursuant to a contract entered into prior to May 8, 2018?

… entity may receive payment through 11:59 p.m. eastern standard time on November 4, 2018 for Iran-related activities undertaken pursuant to section 560.537 of the Iranian Transactions and … entity may receive payment through 11:59 p.m. eastern standard time on November 4, 2018 for… Read more

1227. What activities does Venezuela General License (GL) 46 authorize?

… any transaction involving a person located in the Russian Federation, the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Republic of Cuba, or any entity that is … any transaction involving a person located in the Russian Federation, the Islamic… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence