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New regulations target non-U.S. financial institutions with ties to Iran

• Sidley Austin LLP
• -
• Iran, USA
• -
• August 20 2010

On August 16, 2010, the U.S.Treasury Department’s Office of Foreign Assets Control (OFAC) issued the Iranian Financial Sanctions Regulations (IFSR) to implement the Comprehensive Iran Sanctions Accountability, and Divestment Act (CISADA), enacted on July 1, 2010