US – OFAC publishes guidance on certain temporary sanctions relief

On December 9, 2014, the Office of Foreign Assets Control (OFAC) published in the Federal Register a notice that it has published Guidance Relating to the Provision of Certain Temporary Sanctions Relief in Order to Implement the Joint Plan Of Action (JPOA) Reached on November 24, 2014, between the P5+1 and the Islamic Republic of Iran, as Extended Through June 30, 2015 (Guidance).

It has also released the following documents:

• Frequently Asked Questions Relating to the Extension of Temporary Sanctions Relief through June 30, 2015, to Implement the Joint Plan of Action between the P5 + 1 and the Islamic Republic of Iran
• Second Amended Statement of Licensing Policy on Activities Related to the Safety Of Iran’s Civil Aviation Industry
• Joint Plan of Action between the P5 + 1 and the Islamic Republic of Iran