OFAC: NEW IRAN-RELATED FAQ; AMENDMENTS TO EXISTING IRAN-RELATED FAQ

On 6th August, OFAC issued a news release announcing the above as the first phase of re-imposed US sanctions on Iran take effect – August 6th marks the final day of a 90-day wind-down period, and certain wind-down general licenses (GL) previously issued by OFAC expire at 11:59 p.m. EDT on August 6th.  For remaining re-imposed sanctions, the 180-day wind-down period ends at 11:59 p.m. eastern standard time (EST) on November 4th and the remaining sanctions that had been lifted or waived pursuant to the JCPOA come back into full effect on November 5th – information about which sanctions will be re-imposed is provided in the FAQ.

The new OFAC statement on Iran is at –

https://www.treasury.gov/resource-center/sanctions/Programs/Pages/iran.aspx

FAQ are available at –

https://www.treasury.gov/resource-center/sanctions/Programs/Documents/jcpoa_winddown_faqs.pdf

Amended general FAQ about the re-imposition are at –

https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_iran.aspx#eo_reimposing

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180806.aspx

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s