OFAC has clarified its regulations with regard to the administrative collection of civil penalties in the Iranian Assets Control Regulations, the Libyan Sanctions Regulations, and the Iraqi Sanctions Regulations. This change becomes effective March 29, 2005. For more information on this clarification, please visit the Federal Register notice now available on OFAC's website.
This information is also available in the legal section of OFAC's website under the category, " Reporting, Procedures and Penalties Regulations."
OFAC is revising the Iranian Transactions Regulations (31 CFR Part 560) to clarify the applicability of certain general licenses to broker-dealers in securities. For more information on this revision, please visit the Federal Register notice now available on OFAC's website.
This information is also available in the legal section of OFAC's website under the category, "Iran."