Iranian Transactions Regulations
Rule published October 22, 2012 · 77 FR 64664
- Document number
- FR Doc. 2012-25770
- Type
- Rule
- Published
- October 22, 2012
- Citation
- 77 FR 64664 (pages 64,664–64,692)
- Action
- Final rule.
- Effective
- October 22, 2012
- Dates
- Effective Date: October 22, 2012.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control ("OFAC") is changing the heading of the Iranian Transactions Regulations to the Iranian Transactions and Sanctions Regulations (the "ITSR"), amending the renamed ITSR, and reissuing them in their entirety, to implement Executive Order 13599 of February 5, 2012 ("Blocking Property of the Government of Iran and Iranian Financial Institutions"), and subsections 1245(c) and (d)(1)(B) of the National Defense Authorization Act for Fiscal Year 2012 (the "NDAA"). OFAC also is adding several new general licenses to the ITSR, removing a few general licenses, and incorporating into the ITSR a general license and a statement of licensing policy that, until now, have appeared only on OFAC's Web site on the Iran sanctions page. Finally, OFAC is updating certain provisions of the ITSR and making other technical and conforming changes. The ITSR are separate and apart from the Iranian Financial Sanctions Regulations, 31 CFR part 561, as amended and reissued in their entirety on February 27, 2012, which were promulgated to implement the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, as well as the provisions of section 1245 of the NDAA other than those set forth above.
Regulations cited
- 31 CFR part 560 (today: Iranian Transactions and Sanctions Regulations) · Other documents citing it · eCFR today
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
Text
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