On November 8th, OFAC published amendments to the Iranian Financial Sanctions Regulations in order to implement Sections 214 through 216 of the Iran Threat Reduction and Syria Human Rights Act of 2012.The amendments expand sanctionable categories to include facilitating the activities of "a person acting on behalf of or at the direction of, or owned or controlled by," a person sanctioned under United Nations Security Council resolutions and authorize the imposition of sanctions on a foreign financial institution that knowingly facilitates significant transactions or provides significant financial services for a "person" (formerly, a "financial institution") whose property and interests in property are blocked pursuant to the International Emergency Economic Powers Act. The amendments are effective immediately. 77 FR 66918.
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Amendments to Iran sanctions regulations
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