Frequently Asked Questions

… the RECIPIENT ACCOUNT or the SPECIAL PURPOSE ACCOUNT are remitted, directly or indirectly, to Iran, or paid to any person that is the GOI , the FFI would be exposed to sanctions. … Can funds be remitted to Iran or the Government of Iran (GOI)… Read more

… 294 … Persons determined to be part of Iran’s energy, shipping, or shipbuilding sectors, or a port operator in Iran for purposes of IFCA section 1244(c) will be identified as such on the SDN List . Knowingly …

… rely, where applicable, on definitions of terms previously included in Treasury regulations. “Iran” The Iranian Financial Sanctions Regulations ( 31 CFR part 561 ) (IFSR) define “Iran” as the Government of Iran and the territory of Iran… Read more

… authorized pursuant to E.O. 13599 . Specifically, the closing of accounts of the Government of Iran or an Iranian financial institution and the lump sum transfer of the balances to an account … brokers or dealers in securities to process noncommercial, personal remittances, to or… Read more

… date, until April 6, 2012. … OFAC has issued me a (non-TSRA) specific license related to Iran, or the Government of Iran. Can I continue to conduct the licensed transactions? …

… 684 … The term iron sector of Iran means the mining, refining, processing, or manufacturing of iron or iron products in Iran. (31 C.F.R. § 561.336; 31 C.F.R. § 561.317). … What is the definition of the “iron sector of Iran”? …

… 685 … The term steel sector of Iran means the iron-ore smelting, ferrous-scrap melting, refining, processing, or manufacturing of steel or steel products in Iran. (31 C.F.R. § 561.337; 31 C.F.R. § 562.318). … What is the definition of the “steel sector of… 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 Iran”? …

… 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 Iran”? …

… occurring on or after November 5, 2018, establish a key element of the comprehensive Iran sanctions framework by deterring work-around financial transactions involving NIOC or NICO … was issued. Iranian trade partners can continue to buy petroleum and petroleum products from… Read more