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Recent Updates:

Statement Relating to the Joint Comprehensive Plan of Action "Implementation Day" of January 16, 2016

Implementation Day Statement:

In connection with reaching Implementation Day, today the Department of the Treasurys Office of Foreign Assets Control (OFAC) issued several documents. Specifically, OFAC posted to its website: Guidance Relating to the Lifting of Certain Sanctions Pursuant to the Joint Comprehensive Plan of Action on Implementation Day; Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action (JCPOA) on Implementation Day; General License H: Authorizing Certain Transactions relating to Foreign Entities Owned or Controlled by a United States Person; and a Statement of Licensing Policy for Activities Related to the Export or Re-Export to Iran of Commercial Passenger Aircraft and Related Parts and Services. The aforementioned documents are effective today, January 16, 2016.

In addition, OFAC has submitted for publication in the Federal Register a final rule adding a general license under the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560, relating to the importation into the United States of Iranian-origin carpets and foodstuffs, including pistachios and caviar ; this general license will be effective upon publication in the Federal Register.

OFAC has also published to its website additional information regarding actions to give effect to other JCPOA commitments, including removals from the Specially Designated Nationals and Blocked Persons List, the Foreign Sanctions Evaders List and/or the Non-SDN Iran Sanctions Act List, as appropriate. In addition, OFAC has made available on its website a list of persons identified as blocked solely pursuant to Executive Order 13599 ("E.O. 13599 List"), which consists of persons that OFAC previously identified as meeting the definition of the Government of Iran or an Iranian financial institution.Information regarding these changes to OFACs sanctions lists is available on OFACs Recent Actions website.This information will be published subsequently in the Federal Register.

Implementation Day also marks the close of the Joint Plan of Action of November 24, 2013, as extended (JPOA), including the provision of sanctions relief pursuant to the JPOA. Effective Implementation Day, all specific licenses that: (1) were issued pursuant to OFACs Second Amended Statement of Licensing Policy on Activities Related to the Safety of Irans Civil Aviation Industry, and (2) have an expiration date on or before July 14, 2015, are hereby authorized to remain in effect according to their terms until May 31, 2016.

Important Advisories and Information

Frequently Asked Questions

List of CISADA and NDAA Prohibitions or Conditions

On October 9, 2012, the President signed Executive Order (E.O.) 13628, which provides for, among other things, the implementation of certain sanctions set forth in the Iran Threat Reduction and Syria Human Rights Act of 2012 (TRA). Section 1 of E.O. 13628 provides that the Secretary of the Treasury, pursuant to authority under the International Emergency Economic Powers Act (IEEPA), shall take action to implement certain sanctions set forth in Section 6 of the Iran Sanctions Act of 1996, as amended (ISA), when the President, the Secretary of State, or the Secretary of the Treasury imposes such sanctions on a person pursuant to provisions of ISA, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, as amended, or the TRA. Section 6 of ISA includes both blocking and non-blocking sanctions. Click here for additional information on the NS-ISA List.

In order to implement the non-blocking provisions of Section 6 of ISA, OFAC developed the NS-ISA List. OFAC implements the blocking sanction under Section 6 of ISA by adding persons subject to that sanction to the List of Specially Designated Nationals and Blocked Persons with the identifying tag [ISA]. Pursuant to the United States commitment set out in Section 4.8.1 of Annex II and Section 17.3 of Annex V of the Joint Comprehensive Plan of Action of July 14, 2015, the Secretary of State determined, effective on Implementation Day, that the sanctions previously imposed on all the persons that had been named on the NS-ISA List as of the day prior to Implementation Day should be terminated. On Implementation Day, OFAC gave effect to the Secretary of States determination, and as a result, the NS-ISA List is, as of Implementation Day, currently empty.

SpecificGuidance on the Iran Sanctions

Interpretive Guidance

OFACissues interpretive guidance on specific issues related to the sanctions programs it administers. These interpretations of OFAC policyare sometimes published in response to a public request for guidance or may be released proactively by OFAC in order to address acomplex topic.

Applying for a SpecificOFAC License

Executive Orders, Statutes, Rules and Regulations Relating to Iran

Executive Orders

Statutes

Code of Federal Regulations

Federal Register Notices

United Nations Security Council Resolutions

The provisions of Security Council resolutions 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1835 (2008), 1929 (2010), and 2224 (2015) have been terminated subject to re-imposition in the event of significant non-performance of JCPOA commitments.

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Iran Sanctions