OFAC FAQ (Current) # 441 - Iran Sanctions (PDF contains all versions)

Date issued: May. 16 2024

Last substantive commentary amendment:
May. 17 2024

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TURBOFAC Commentary (472 words)

Notes:

* FAQ amended on 5-16-24 in connection with OFAC’s incorporation of Iran GL D-2 into the ITSR at section 560.540. Changes to the FAQ included certain non-substantive conforming amendments, along with the addition of “Hardware that requires repair or replacement may be repaired or replaced outside Iran pursuant to 31 CFR § 560.540(a)(5) or (a)(7).” This reflects the substantive addition to the GL for such transactions. Also, the term “provision” was substituted for “exportation” in a way that is designed to be clarifying, rather than reflect a substance alteration to the GL.

* On 9-23-22, OFAC replaced Iran GL D-1 with Iran GL D-2, initially without making amendments to this FAQ. See Iran GL D-2, and comments thereto, for a discussion on the changes between GL D-1 and GL D-2. On 1-11-23, OFAC amended this FAQ without making substantive changes...