OFAC FAQ (Archived) # 316- Sanctions Relating to Iran’s Automotive Sector (IFCA)

Date issued: Jul. 01 2013

TURBOFAC Commentary (107 words)

Notes:

1) EO 13685 was revoked in 2016, in connection with the U.S. commitments pursuant to the JCPOA. IFCA-based sanctions imposed by EO 13685 were reimposed by EO 13846, in 2018. See generally comments to EO 13846, and related FAQs. This FAQ was archived in light of the revocation of EO 13685.

Unlike the secondary sanctions provisions preceding IFCA, the statutory and executive order provisions that are the subject of these FAQs have not yet been implemented in any CFR regulations (i.e. part 561).

2) See FAQ # 612, reproducing the contents of this FAQ, but in the context of the reimposition of sanctions in EO 13846.