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Focus on Regulation

Tag Archives: oil-related exemption

Narrowing of an exemption under Iran sanctions

On 6 February 2013, U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued guidance regarding the impact of section 504 of the Iran Threat Reduction and Syria Human Rights Act (ITRA).  As previously reported in our Iran-related client alerts and blog entries, ITRA was enacted on 10 August 2012 and imposed a number of