In a new FAQ, OFAC explained that it would not target persons in Iran manufacturing humanitarian goods, such as "medicines, medical devices, or products used for sanitation or hygiene" - provided that the products are solely for use in Iran and not exported.
The DOJ filed a $20 million civil forfeiture Complaint in the U.S. District Court for the District of Alaska alleging violations of the International Emergency and Economic Powers Act and Iranian Transactions and Sanction Regulations violations.
President Donald J. Trump signed an Executive Order to counter Iran's "malign regional influence." The Order targeted Iran's support for terrorism and its pursuit of nuclear and intercontinental ballistic weapons.
Upon finding that Iran is a "jurisdiction of primary money laundering concern," FinCEN adopted a final rule imposing strict prohibitions on the access of Iranian financial institutions to the U.S. financial system.
The Financial Action Task Force outlined the findings from recent anti-money laundering / countering the financing of terrorism country-specific evaluations and warned of risks associated with stablecoins.
OFAC designated the Central Bank of Iran, the National Development Fund of Iran and an Iran-based company for providing funding mechanisms that "the Iranian regime uses to support its terrorist network."