OFFICE OF FOREIGN ASSETS CONTROL ISSUES RULE: IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS

WASHINGTON, Sept. 30 -- Office of Foreign Assets Control has issued a rule called: Iranian Transactions and Sanctions Regulations.

The rule was published in the Federal Register on Sept. 30 by Bradley T. Smith, Director, Office of Foreign Assets Control, Department of the Treasury.

Summary: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule amending the Iranian Transactions and Sanctions Regulations to implement certain provisions of a January 10, 2020 Iran-related Executive order. This amendment also revises an existing definition and an existing exemption, and incorporates two exemptions from the January 10, 2020 Iran-related Executive order.

For more information, contact OFAC: Assistant D...