OFAC Sanctions-a-Rama: Hong Kong, Iran, Global Magnitsky, Counter Terrorism &...
New designations Iran Individuals AZIMIAN, Hamidreza, Iran; DOB 23 Jul 1961; POB Tabriz, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male;...
View ArticleHold the Presses: IFCA-related sanctions a-comin’
Imposing Sanctions Related to the Islamic Republic of Iran Shipping Lines and Iranian Shipping Entities PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE JANUARY 15, 2021 Share In June 2020, the...
View ArticleOFAC sanctions Iranian steel companies, plus adds parties to IFCA menu-based...
Today, OFAC added the following person: SAJDEH, Majid, Iran; DOB 26 Jan 1968; POB Tehran, Iran; nationality Iran; Gender Male; Executive Order 13846 information: LOANS FROM UNITED STATES FINANCIAL...
View ArticleOctober 31, 2019: Boo (hoo)! More US Iran sanctions comin’
Yesterday, the State Department issued a press release: Secretary Pompeo Imposes New Sanctions on Iran and Extends Nuclear Restrictions PRESS STATEMENT MORGAN ORTAGUS, DEPARTMENT SPOKESPERSON OCTOBER...
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November 8, 2018: OFAC Russian around (+ minor Iran changes)
Last Thursday, OFAC added the following persons: BASOV, Aleksandr Vasilevich (a.k.a. BASOV, Alexander; a.k.a. BASOV, Oleksandr), Ukraine; DOB 16 Oct 1971; Gender Male (individual) [CAATSA – RUSSIA]...
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Amended IFCA-related OFAC FAQs
Removing all the non-updated FAQs Iran Freedom and Counter-Proliferation Act of 2012 (IFCA) Certain statutory provisions of the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA) were...
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Boom! Goes the Dynamite
Issuance of Iran-related Executive Order; Publication of New Iran-related Frequently Asked Questions; Amendments to Existing Iran-related Frequently Asked Questions 8/6/2018 Today, in connection...
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OFAC’s IFCA/Executive Order 13645 FAQ: Financial Transactions for “Certain...
The question (No 312): How does the Executive Order tighten the financial sanctions applicable to FFIs under section 1247 of IFCA? The answer: Section 3 of the E.O. tightens the financial sanctions...
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OFAC’s IFCA/Executive Order 13645 FAQ: Iranian Automotive Sector
The question (No 310): What is considered Iran’s automotive sector for purposes of the Executive Order? The answer: The E.O. authorizes the imposition of correspondent and payable-through account and...
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OFAC’s IFCA/Executive Order 13645 FAQ: Iranian Rial Transactions
The question (No 309): What transactions involving the Iranian rial will be subject to sanctions? The answer: FFIs risk correspondent and payable-through account and blocking sanctions for (i)...
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OFAC’s IFCA/Executive Order 13645 FAQ: Material Assistance Sanctions
The question (No 308): What are the implications of the material assistance provision of the Executive Order? The answer: Subsection 2(a)(i) of the E.O. authorizes the Department of the Treasury to...
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OFAC’s IFCA/Executive Order 13645 FAQ: E.O. 13645 questions
The question (No 306): How does the Executive Order relate to the IFCA provisions? The answer: The E.O. provides additional tools related to the IFCA provisions by: a. Authorizing prohibitions or...
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OFAC’s IFCA/Executive Order 13645 FAQ: Facilitating Transactions with...
The question (No 305): Sanctions under section 1247 of IFCA apply to FFIs that facilitate financial transactions on behalf of an Iranian person on the SDN List. How does the Executive Order relate to...
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OFAC’s IFCA/Executive Order 13645 FAQ: Insurance, Reinsurance and Underwriting
The question (No 303): Which insurance, reinsurance, or underwriting activities are potentially subject to sanctions under section 1246(a)(1)? The answer: A number of insurance activities are subject...
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OFAC’s IFCA/E.O. 13645 FAQ: Section 1245 Exceptions
The question (No 302): Are there any exceptions to section 1245 of IFCA? The answer: A person will not be subject to sanctions under section 1245 of IFCA if a determination is made by the Department of...
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OFCA’s IFCA/E.O. 13645 FAQ: Determining Section 1245 Applicability
The question (No 301): How will the determination be made as to whether materials are used in a manner that would make them subject to sanctions under section 1245 of IFCA? The answer: A FFI, prior to...
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May 29, 2014: OFAC Updates Iran, Iraq, WMD sanctions lists
On Tuesday, OFAC modified a number of sanctions programs. First, the following have been added to the SDN list under either the IFSR (Iran Financial Sanctions Regulations), Executive Order 13645 (part...
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OFAC’s IFCA/Executive Order 13645 FAQ: Financial Transactions for “Certain...
The question (No 312): How does the Executive Order tighten the financial sanctions applicable to FFIs under section 1247 of IFCA? The answer: Section 3 of the E.O. tightens the financial sanctions...
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OFAC’s IFCA/Executive Order 13645 FAQ: Iranian Automotive Sector
The question (No 310): What is considered Iran’s automotive sector for purposes of the Executive Order? The answer: The E.O. authorizes the imposition of correspondent and payable-through account and...
View ArticleClik here to view.
OFAC’s IFCA/Executive Order 13645 FAQ: Iranian Rial Transactions
The question (No 309): What transactions involving the Iranian rial will be subject to sanctions? The answer: FFIs risk correspondent and payable-through account and blocking sanctions for (i)...
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