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Publication of Iran sanction-related Frequently Asked Questions


OFAC updated the Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action, amending two FAQs related to Financial and Banking Measures (C.7 and C.15), amending one FAQ related to Foreign Entities Owned or Controlled by U.S. Persons (K.19), and adding three FAQs related to due diligence (M.10, M.11., and M.12). According to para. C.7 foreign financial institutions, including foreign-incorporated subsidiaries of U.S. financial institutions, are permitted to process transactions with Government of Iran or any person subject to the jurisdiction of the Government of Iran, provided that such transactions or account activities do not involve, directly or indirectly, the United States financial system. These FAQs can be accessed here.

keywords : JCPOA , OFAC , Sanctions ,