On August 6, 2019, the Office of Foreign Assets Control of the US Department of the Treasury announced that it was amending the Iranian Financial Sanctions Regulations in order to implement Executive Order 13871, “Imposing Sanctions with Respect to the Iron, Steel, Aluminum and Copper Sectors of Iran.” The amended EO implements the blocking sanctions described in Section 1 of the EO, and the correspondent or payable-through account sanctions established in Section 2. The amendment also renames 31 CFR part 562, which henceforward will be known as the Iranian Sector and Human Rights Abuses Sanctions Regulations, or ISHR.
August 14, 2019
OFAC amends Executive Order 13871
Related by Topic
New Post
Rising Cross-Border Enforcement Risk for Companies Operating in Latin America
June 26, 2025
Insight
New Post
Port in a Storm: DOJ Declines to Prosecute PE Firm that Self-Disclosed Criminal Violations at an Acquired Company
June 20, 2025
Insight
New Post
DOJ announces the arrests of two men accused of selling industrial goods to sanctioned Venezuelan entities
June 20, 2025
News Alert