OFAC FAQ #215 · Iran Sanctions
What is the difference, in practical effect, between this and a designation under one of your other authorities, like E.O. 13382?
OFAC's answer
The July 31, 2012 [Comprehensive Iran Sanctions, Accountability, and Divestment Act](https://ofac.treasury.gov/media/5691/download?inline) (CISADA) finding prohibits the opening or maintaining of [correspondent accounts](https://www.ecfr.gov/cgi-bin/text-idx?SID=f001609e54e2c4adcbab5dafe63ba4a7&mc=true&node=se31.3.561_1306&rgn=div8) or [payable-through](https://www.ecfr.gov/cgi-bin/text-idx?SID=f001609e54e2c4adcbab5dafe63ba4a7&mc=true&node=se31.3.561_1307&rgn=div8) accounts in the United States for Bank of Kunlun. This action does not require the immediate freezing of any assets that Bank of Kunlun may hold within U.S. jurisdiction.