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On January 30, 2014, the Office of Foreign Assets Control (OFAC) published in the Federal Register a notice of the publication of Guidance Relating to the Provision of Certain Temporary Sanctions Relief in Order to Implement the Joint Plan Of Action (JPOA) Reached on November 24, 2013, Between the P5+1 and the Islamic Republic of Iran (Guidance), issued on January 20, 2014. The Guidance sets out how, in furtherance of the U.S. Government’s (USG) commitments under the JPOA, the Department of State and the Department of the Treasury will implement sanctions relief relating to certain activities and associated services taking place exclusively during the six month period beginning on January 20, 2014, and ending July 20, 2014. [We previously posted a summary of the Guidance document.] |
