US Sanctions Against Iran
Iranian Transactions and Assets Control Regulations
This fact sheet provides general information about the Iranian sanctions programs under the Iranian Transactions Regulations and the Iranian Assets Control Regulations administered by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). Iranian Transactions Regulations As a result of Iran’s support for international terrorism and its aggressive actions against non-belligerent shipping in the Persian Gulf, President Ronald Reagan, on October 29, 1987, issued Executive Order 12613 imposing a new import embargo on Iranian-origin goods and services. Section 505 of the International Security and Development Cooperation Act of 1985 (ISDCA) was utilized as the statutory authority for the…
