Blocking Property of the Government of Iran and Iranian Financial Institutions
Headline: Blocks Property of Iran and Iranian Financial Institutions in United States
What it does: Agencies must block and prohibit transfers of property and transactions involving the Government of Iran and Iranian financial institutions.
- Freezes assets in the United States owned by Iran or Iranian banks.
- Bars U.S. persons from sending money, goods, or services to blocked Iranian entities.
- Gives Treasury and State authority to enforce and issue rules.
Summary
This order blocks and freezes property and interests of the Government of Iran, including the Central Bank of Iran, and of Iranian financial institutions that are in the United States or controlled by U.S. persons.
It prohibits transfers, payments, donations, and most transactions with those blocked parties and bans evasion or conspiracies to violate the order.
The order says it responds to deceptive banking practices, weak anti-money-laundering controls, and risks to the international financial system, and gives the Treasury and State Departments authority to enforce and issue rules.
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