OFAC FAQ #300 · Iran Sanctions
For purposes of sanctions under section 1245, how will I know which sectors are controlled by Iran’s Islamic Revolutionary Guard Corps?
OFAC's answer
Pursuant to delegated authority, the Secretary of State issues periodic reports pursuant to [section 1245(e) of IFCA](https://ofac.treasury.gov/faqs/301) with respect to which sectors of the Iranian economy are controlled directly or indirectly by Iran’s Islamic Revolutionary Guard Corps (IRGC). Given the opaque business environment in Iran and the significant role that the IRGC plays in the Iranian economy, OFAC recommends that a person considering business in Iran or with Iranian persons conduct due diligence sufficient to ensure that it is not knowingly engaging in transactions with the IRGC, or its officials, agents, or affiliates.