On 8 October, OFAC formally designated 16 Iranian banks for operating in Iran’s financial sector, 1 bank for being owned or controlled by a sanctioned Iranian bank, and an Iranian military-affiliated bank under Treasury’s counter-proliferation authority. It also issued General License L (Authorizing Certain Transactions Involving Iranian Financial Institutions Blocked Pursuant to EO 13902) and related FAQ 842 to 847, and 845 provides a provides for a 45-day wind-down period for non-US persons engaged in previously non-sanctionable activity involving the Iranian financial sector or Iranian financial institutions that are now sanctioned pursuant to EO 13902.
https://content.govdelivery.com/accounts/USTREAS/bulletins/2a4e84b
https://home.treasury.gov/news/press-releases/sm1147
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201008
I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y
raytodd.blog 