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OFAC Releases Additional Frequently Asked Questions Relating to the Implementation of the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA) and Executive Order 13645

Questions Related to the Issuance of the Executive Order “Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect to Iran” and the Implementation of Certain Provisions of the Iran Freedom And Counter-Proliferation Act of 2012 (IFCA)
On June 3, 2013, the President signed an Executive Order (E.O.) “Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect to Iran.” The E.O. implements certain statutory provisions of the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA) and authorizes the imposition of additional sanctions with respect to Iran. Most of the IFCA provisions target conduct occurring on or after July 1, 2013. The E.O. becomes effective on July 1, 2013.
General Questions
313 What is the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA)?
288 What is the purpose of the Executive Order of June 3, 2013 entitled “Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect to Iran” (E.O.)?
Iran Freedom and Counter-Proliferation Act of 2012
289 How will the following IFCA terms be interpreted: “Iran,” “knowingly,” “significant,” “transfer,” “Iranian person included on the SDN List ”?
290 Are payments or deliveries that are made on or after July 1, 2013, for contracts that existed prior to July 1, 2013, exempted from IFCA provisions?
291 How does the Executive Order relate to the IFCA provisions?
292 What are the implications of IFCA on the provision of humanitarian goods to the people of Iran?
Sanctions Relating to Iran’s Energy, Shipping, and Shipbuilding Sectors
IFCA provides for sanctions involving activities or transactions related to Iran’s energy, shipping, and shipbuilding sectors. Lies den Rest dieses Beitrags
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