“We chose Visual OFAC for a number of reasons. One of which was their attention to detail.”
SENIOR LEGAL COUNSEL, LEGAL SERVICES, MIAMI
Summary
With certain exceptions, U.S. persons are prohibited from transferring, paying, exporting, withdrawing, or otherwise dealing in the property and interests in property of an entity or individual listed on the SDN list. Entities which a designated party owns (defined as an ownership interest of 50% or more) are also blocked, regardless of whether that entity is separately named on the OFAC SDN list.
Iraq Sanctions: Executive Orders
- 13668 Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended (May 27, 2014)
- 13438 Blocking Property of Certain Persons Who Threaten Stabilization Efforts in Iraq (July 17, 2007)
- 13364 Modifying the Protection Granted to the Development Fund for Iraq (November 29, 2004)
- 13350 Termination of Emergency Declared in Executive Order 12722 With Respect to Iraq and Modification of Executive Order 13290, Executive Order 13303, and Executive Order 13315 (Effective Date—July 30, 2004)
- 13315 Blocking Property of the Former Iraqi Regime, Its Senior Officials and Their Family Members, and Taking Certain Other Actions (Effective Date—August 29, 2003)
- 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest (May 22, 2003)
- 13290 Confiscating and Vesting Certain Iraqi Property (March 20, 2003)
- 12817 Transfer Of Certain Iraqi Government Assets Held By Domestic Banks (Effective Date—October 23, 1992
- 12724 Blocking Iraqi Government Property And Prohibiting Transactions With Iraq (Effective Date—August 9, 1990)
- 12722 Blocking Iraqi Government Property And Prohibiting Transactions With Iraq (Effective Date—August 2, 1990)
Iraq Sanctions: Statutes
- Antiterrorism and Effective Death Penalty Act of 1996 (AEDPA), 8 U.S.C. § 1189, 18 U.S.C. § 2339B
- International Emergency Economic Powers Act (IEEPA), 50 U.S.C. §§ 1701-1706
- National Emergencies Act (NEA), 50 U.S.C. §§ 1601-1651
- Section 5 of the United Nations Participation Act of 1945 (UNPA), 22 U.S.C. § 287c
Iraq Sanctions: Code of Federal Regulations
- 31 CFR Part 575—Removal of the Iraqi Sanctions Regulations (September 13, 2010)
- 31 CFR Part 576—Iraq Stabilization and Insurgency Sanctions Regulations
Iraq Sanctions: Federal Register Notices
- FR Amendment of 31 CFR part 576 – Amended Iraq Stabilization and Insurgency Sanctions Regulations
- 70 FR 15761-05—Administrative Collection of Civil Penalties
- 68 FR 65844-03—Authorization for U.S. Financial Institutions To Transfer Certain Claims Against the Government of Iraq
- 68 FR 61362-03—Removal of Certain Provisions of the Iraqi Sanctions Regulations; Interpretive Guidance
- 68 FR 38188-03—Authorization of Certain New Transactions
- 68 FR 11741-03—Authorization of Certain Humanitarian Activities by Nongovernmental Organizations in Iraq and Iran
Iraq Sanctions: United Nations Security Council Resolutions
- 1483—Reaffirming the sovereignty and territorial integrity of Iraq; Reaffirming also the importance of the disarmament of Iraqi weapons of mass destruction and of eventual confirmation of the disarmament of Iraq. (May 22, 2003)
- 1293—Welcoming the report of the Secretary-General of 10 March 2000 (S/2000/208), in particular his recommendation on additions to the current allocation for oil spare parts and equipment pursuant to paragraph 28 of resolution 1284 (1999). (March 31, 2000)
- 1284—Stressing the importance of a comprehensive approach to the full implementation of all relevant Security Council resolutions regarding Iraq and the need for Iraqi compliance with these resolutions. (December 17, 1999)
- 1175—Welcoming the letter of the Secretary-General of 15 April 1998 (S/1998/330) annexing the summary of the report of the group of experts established pursuant to paragraph 12 of resolution 1153 (1998) and noting the assessment that under existing circumstances Iraq is unable to export petroleum or petroleum products sufficient to produce the total sum of 5.256 billion United States dollars referred to in resolution 1153 (1998). (June 19, 1998)
- 1158—Concerned about the resulting humanitarian consequences for the Iraqi people of the shortfall in the revenue from the sale of petroleum and petroleum products during the first 90-day period of implementation of resolution 1143 (1997), due to the delayed resumption in the sale of petroleum by Iraq and a serious price drop since the adoption of resolution 1143 (1997).(March 25, 1998)
- 1153—Convinced of the need as a temporary measure to continue to provide for the humanitarian needs of the Iraqi people until the fulfilment by Iraq of the relevant resolutions, including notably resolution 687 (1991) of 3 April 1991. (February 20, 1998)
- 1143—Convinced of the need as a temporary measure to continue to provide for the humanitarian needs of the Iraqi people until the fulfilment by Iraq of the relevant resolutions. (December 4, 1997)
- 1129—Reaffirming that the implementation period of resolution 1111 (1997) began at 00.01, Eastern Daylight Time, on 8 June 1997, and that the export of petroleum and petroleum products by Iraq pursuant to resolution 1111 (1997) did not require the approval by the Secretary-General of the distribution plan mentioned in paragraph 8 (a) (ii) of resolution 986 (1995) (September 12, 1997)
- 1111—Decides that the provisions of resolution 986 (1995), except those contained in paragraphs 4, 11 and 12, shall remain in force for another period of 180 days beginning at 00.01 hours, Eastern Daylight Time, on 8 June 1997.(June 4, 1997)
- 1051—Recognizing that the export/import monitoring mechanism is an integral part of ongoing monitoring and verification by the Special Commission and the IAEA. (March 27, 1996)
- 986—Concerned by the serious nutritional and health situation of the Iraqi population, and by the risk of a further deterioration in this situation. (April 14, 1995)
- 778—Condemning Iraq’s continued failure to comply with its obligations under relevant resolutions. (October 2, 1992)
- 706—Concerned by the serious nutritional and health situation of the Iraqi civilian population as described in this report, and by the risk of a further deterioration of this situation. (August 15, 1991)
- 687—Welcoming the restoration to Kuwait of its sovereignty, independence and territorial integrity and the return of its legitimate Government. (April 8, 1991)
- 670—Condemning further the treatment by Iraqi forces of Kuwaiti nationals, including measures to force them to leave their own country and mistreatment of persons and property in Kuwait in violation of international law. (September 25, 1990)
- 661—Determined to bring the invasion and occupation of Kuwait by Iraq to an end and to restore the sovereignty, independence and territorial integrity of Kuwait. (August 6, 1990)
Note: This information is provided for reference only.