Rule2025-19123
Publication of an Iran-Related Determination.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 1, 2025
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a sector determination pursuant to a January 10, 2020 Executive Order. The determination was previously issued on OFAC's website.
Full Text
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<title>Federal Register, Volume 90 Issue 188 (Wednesday, October 1, 2025)</title>
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[Federal Register Volume 90, Number 188 (Wednesday, October 1, 2025)]
[Rules and Regulations]
[Pages 47229-47230]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-19123]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 562
Publication of an Iran-Related Determination.
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a determination.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a sector determination pursuant to a
January 10, 2020 Executive Order. The determination was previously
issued on OFAC's website.
DATES: The determination was issued on October 8, 2020. See
SUPPLEMENTARY INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.
Background
On January 10, 2020, the President, invoking the authority of,
inter alia, the International Emergency Economic Powers Act (50 U.S.C.
1701 et seq.) (IEEPA), issued Executive Order (E.O.) 13902 of January
10, 2020, ``Imposing Sanctions With Respect to Additional Sectors of
Iran'' (85 FR 2003, January 14, 2020). Among other prohibitions,
section 1(a)(i) of E.O. 13902 blocks, with certain exceptions, all
property and interests in property that are in the United States, that
come within the United States, or that are or come within the
possession or control of any U.S. person of, any person determined by
the Secretary of the Treasury, in consultation with the Secretary of
State to operate in the construction, mining, manufacturing, or
textiles sectors of the Iranian economy, or any other sector of the
Iranian economy as may be determined by the Secretary of the Treasury,
in consultation with the Secretary of State.
On October 8, 2020, the Secretary of the Treasury, in consultation
with the Department of State, determined that section 1(a)(i) of E.O.
13902 shall apply to the financial sector of the Iranian economy. This
determination took effect on October 8, 2020. The text of the
determination is provided below.
[[Page 47230]]
Determination Pursuant to Section 1(a)(i) of Executive Order 13902
Section 1(a)(i) of Executive Order 13902 of January 10, 2020
(``Imposing Sanctions With Respect to Additional Sectors of Iran'')
(E.O. 13902) imposes economic sanctions on any person determined by the
Secretary of the Treasury, in consultation with the Secretary of State,
to operate in such sectors of the Iranian economy as may be determined,
pursuant to section 1(a)(i) of the order, by the Secretary of the
Treasury, in consultation with the Secretary of State.
To further deny funding to the Iranian regime's nuclear program,
missile development, terrorism and terrorist proxy networks, and malign
regional influence, in response to its extraordinary threat to the
national security and foreign policy of the United States described in
E.O. 13902, and in consultation with the Secretary of State, I hereby
determine that section 1(a)(i) shall apply to the financial sector of
the Iranian economy. Any person I or my designee subsequently
determine, in consultation with the Secretary of State, operates in
this sector shall be subject to sanctions pursuant to section 1(a)(i).
October 8, 2020.
Steven T. Mnuchin,
Secretary, U.S. Department of the Treasury.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2025-19123 Filed 9-30-25; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on October 1, 2025.
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