On June 8, 2016, the US further clarified the scope of the sanctions relief provided to Iran as
of January 16, 2016 (known as “Implementation Day”) under the Joint Comprehensive Plan of
Action(JCPOA).1 The Department of the Treasury Office of Foreign Assets Control (OFAC)
issued the guidance in the form of additional Frequently Asked Questions (FAQs) contained in
OFAC’s “Frequently Asked Questions Relating to the Lifting of Certain US Sanctions Under the
Joint Comprehensive Plan of Action (JCPOA) on Implementation Day.2
Read the full Alert. |