The Department of the Treasury's Office of Foreign Assets Control ("OFAC") amended the Iranian Transactions Regulations, 31 C.F.R. part 560 (the "ITR"), to expand the scope of Appendix Ato Part 560 to include non-financial as well as financial institutions determined to be owned or controlled by the Government of Iran, and to add to the appendix the following three non-financial institutions that have been determined to be owned or controlled by the Government of Iran: National Iranian Oil Company (a.k.a. NIOC); Naftiran Intertrade Company Ltd (a.k.a. NICO); and Nafitran Intertrade Co. (NICO) Sarl. This appendix is intended to assist U.S. persons in complying with the ITR, and this change will allow OFAC to give notice when it determines that any entity is owned or controlled by the Government of Iran.
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