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
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