The US Department of the Treasury’s Office of Foreign Assets Control has issued new Iran-related Frequently Asked Questions. Specifically, OFAC has indicated that persons engaged in transactions that could be sanctioned pursuant to Executive Order 13902 involving the construction, mining, manufacturing and textiles sectors of the Iranian economy, will have 90 days to wind down these activities. The wind-down period expires on April 9, 2020.
January 16, 2020
OFAC issues new Iran-related FAQs
Related by Topic
New Post
Extended Statute of Limitations for Sanctions and Export Controls Sneaks into Foreign Aid Bill
April 25, 2024
Insight
New Post
New CFIUS Proposed Rulemaking Sharpens Enforcement Authorities and Review Procedures
April 24, 2024
Insight
New Post
U.S. designates two entities that raised funds for West Bank extremists
April 23, 2024
News Alert