1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter V - Office of Foreign Assets Control, Department of the Treasury
  5. Part 561 - Iranian Financial Sanctions Regulations
  6. Subpart D - Interpretations
  7. 31 CFR § 561.407
31 CFR § 561.407
Conducting or facilitating a financial transaction with the Central Bank of Iran or a designated Iranian financial institution
July 31, 2023
CFR

§ 561.407 Conducting or facilitating a financial transaction with the Central Bank of Iran or a designated Iranian financial institution.

A foreign financial institution conducts or facilitates a financial transaction with the Central Bank of Iran or a designated Iranian financial institution if it maintains an account for such entities or engages in a financial transaction directly or indirectly with such entities.

Note to § 561.407:

See § 561.404 for factors that may be considered in determining whether a financial transaction is significant, as required for the imposition of certain sanctions pursuant to this part.

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§ 561.406 Country with primary jurisdiction over the foreign financial institution
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§ 561.408 Goods or services originating in a country

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