Publication of Iranian Financial Sanctions Regulations Amendments

Today, the Department of the Treasury’s Office of Foreign Assets Control published a final rule in the Federal Register (78 FR 16403), amending the Iranian Financial Sanctions Regulations, 31 C.F.R. part 561 (the “IFSR”), to implement sections 503 and 504 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (the “TRA”) and certain provisions of Executive Order 13622 of July 30, 2012. On February 6, 2013, OFAC published Frequently Asked Questions on the implementation of section 504 of the TRA, which explain some of the changes made by this final rule.