OFAC Provides Further Guidance On Iranian Sanctions But is it Enough?


This month the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) updated its ‘Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action (JCPOA) on Implementation Day’ (FAQs). While the updated FAQs do not contain any new measures that ease sanctions against Iran, they do provide some much needed clarity, which is likely to have a positive impact on business transactions with Iran. More

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