OFAC FAQ (Current) # 844

Date issued: Oct. 26 2020

TURBOFAC Commentary (138 words)

Notes:

1) For comments on this item in the context of related documents issued on the same day, refer to Consolidated Comment on the Sanctioning of the Iranian Financial Sector Pursuant to E.O. 13902, General License L and Related FAQs Issued on 10-8-2020.

2) The FAQ was initially released on 10-08-2020, when Iran GL L was first issued, and was amended on 10-26-2020 to account for the designation of NIOC pursuant to EO 13224 and amendment of GTSR/ITSR - GL 8 to include certain ag/med transactions involving NIOC. The substance of the FAQ did not otherwise change as a result of the 10-26-2020 designation.

3) Refer generally to General Note on "Counterfactual Secondary Sanctions and Derivative Designation Safe Harbors" in Certain OFAC Guidance and FAQs (System Ed. Note)