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 conducting or facilitating a significant financial transaction for the sale, supply, or transfer to or from Iran of the materials will need to undertake due diligence to ensure that the transaction does not involve the materials listed in section 1245(d) – as described in part in Q&A 298 – being sold, supplied, or transferred, directly or indirectly, to or from Iran for sanctionable uses under section 1245. [06-03-13]
Posted with BlogsyFiled under: Guidance, IFCA, Iranian Sanctions, OFAC Updates, Sanctions Programs, Sanctions Regulations
