Amendments to Iranian financial sanctions regulations 

March 15: The Treasury Department’s Office of Foreign Assets Control today reported on a final rule published in today’s edition of the Federal Register to amend the Iranian financial sanctions regulations.

The final rule [PDF 227 KB] includes amendments to the Iranian financial sanction regulations, and explains that:


  • Funds owed to Iran from Iranian-origin exports to the country with primary jurisdiction over the foreign financial institution facilitating the transaction under the “significant reduction exception” may now be used only to pay for exports to Iran of goods or services that originate in that country.
  • Since transactions for the sale of agricultural commodities, food, medicine, or medical devices to Iran are not sanctionable, the funds owed to Iran from Iranian-origin exports to the significantly reducing country may also be used to pay for the sale and export to Iran of agricultural commodities, food, medicine, or medical devices from third countries.
  • A new interpretive defines what is meant by the requirement that goods or services originate in a country.

According to Treasury’s release, effective today, the amendments implement provision of the Iran Threat Reduction and Syria Human Rights Act of 2012 and certain provisions of Executive order 13622 (July 20, 2012).



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