OFAC issues Guidance Relating to an Executive Order Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 And Additional Sanctions With Respect To Iran

Today the President has signed an Executive Order entitled “Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect to Iran (IFCA)”. Concurrently with the issuance of the Executive Order, the Office of Foreign Assets Control (OFAC) is posting these frequently asked questions relating to the implementation of IFCA and the Executive Order.