The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced actions in connection with the full re-imposition of sanctions on Iran and the release of “frequently asked questions” (FAQs).
The FAQs were released at the end of the 180-day “wind-down period” and the re-imposition of U.S. sanctions lifted or waived in connection with the Joint Comprehensive Plan of Action (JCPOA). OFAC also announced amendments to existing FAQs 256 and 417, and the removal of outdated FAQs.
As part of the re-imposition of U.S. sanctions, an OFAC transmittal message reports that over 700 persons have been designated or identified and added to the SDN List including persons that had been previously removed from the SDN List.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
John L. McLoughlin
Luis (Lou) Abad
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