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 section 1247?
The answer:
The E.O. tightens the financial sanctions applicable to FFIs under section 1247 of IFCA. (See Q&A 312 below for a discussion of the applicable financial sanctions and exceptions.) [06-03-13]
Posted with BlogsyFiled under: Guidance, IFCA, Iranian Sanctions, OFAC Updates, Sanctions Regulations
