OFAC Amends Iranian Transactions and Sanctions Regulations (Final Rule)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a final rule amending the Iranian Transactions and Sanctions Regulations (31 C.F.R. Part 560) to implement provisions of the January 10, 2020 Iran-related Executive Order. The amendment revises an existing definition and exemption and incorporates two new exemptions from that Executive Order.