OFAC ADDS 2 NAMES TO IRAN SANCTIONS LISTS AND NEW FAQ RE ENDING OF EXEMPTION FOR WORK ON PERMITTED NUCLEAR WORK IN IRAN

On 27 May, OFAC announced that 2 new individuals had been added to its sanctions lists for reasons connected to Iran’s nuclear proliferation programme.  It also added a new FAQ.  The new FAQ 829 advises on the ending of certain waivers, after a 60-day wind down period, from 27 July.  The waiver was concerned with persons engaged in activities associated with the Arak reactor modernisation redesign, the transfer into Iran of enriched uranium for the Tehran Research Reactor, and the transfer out of Iran of certain nuclear fuel scrap and of spent research reactor fuel.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200527.aspx

https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_iran.aspx#829

 

 

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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

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