OFAC Provides FAQs, Clarification on Dealings with Iran
Treasury Department's Office of Foreign Assets Control issued new guidance Feb. 6 on key provisions of the Iran Threat Reduction and Syria Human Rights Act of 2012, and on Humanitarian Assistance and Related Exports to the Iranian People. OFAC published Frequently Asked Questions (here) on key provisions of the Iran Threat Reduction and Syria Human Rights Act that took effect Feb. 6, expanding the scope of sanctionable transactions with the Central Bank of Iran and designated Iranian financial institutions.
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
It also published Clarifying Guidance on Humanitarian Assistance and Related Exports to the Iranian People (here). It provides an overview of current policies on humanitarian assistance and exports to the Iranian people for U.S. persons and financial institutions as well as for third-country financial institutions, as well as guidance for the public as to specific procedures for license applications and other relevant guidance, OFAC said.