OFAC issues Iran-related FAQs on secondary sanctions

OFAC has issued new and amended Iran-related Frequently Asked Questions. FAQ 804, which relates to the recent sanctions on and general licence concerning COSCO Shipping Tanker (Dalian) Co. (see post and post), has been amended to refer to the new FAQs on secondary sanctions. These clarify: FAQ 805: that non-US persons are not generally exposed to sanctions for engaging in …