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Steptoe & Johnson LLP | USA, Iran | 26 Aug 2010

OFAC issues new Iranian financial sanctions regulations

On August 16, 2010, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), published as a final rule the Iran Financial Sanctions Regulations (IFSR), 75 Fed. Reg. 49,836, which impose new conditions and prohibitions targeting non-US financial institutions that conduct business or transactions with the Government of Iran (GOI).

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