C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS › Subpart C—General Definitions

31 C.F.R. § 560.304

Government of Iran

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The term Government ofIran includes:

(a) The state and the Government of Iran, as well as any political subdivision, agency, or instrumentality thereof, including the Central Bank of Iran;

(b) Any person owned or controlled, directly or indirectly, by the foregoing;

(c) Any person to the extent that such person is, or has been, since the effective date, acting or purporting to act, directly or indirectly, for or on behalf of the foregoing; and

(d) Any other person determined by the Office of Foreign Assets Control to be included within paragraphs (a) through (c) of this section.

Note 1 to § 560.304:

The names of persons that the Office of Foreign Assets Control (OFAC) has identified as meeting this definition are published in the Federal Register and incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) with the identifier “[IRAN].” The SDN List is accessible through the following page on OFAC's website: www.treasury.gov/sdn. However, the property and interests in property of any persons meeting the definition of the term Government of Iran are blocked pursuant to § 560.211 regardless of whether the names of such persons are published in the Federal Register or incorporated into the SDN List.

Note 2 to § 560.304:

Section 501.807 of this chapter describes the procedures to be followed by persons seeking administrative reconsideration of OFAC's determination that they fall within the definition of the term Government of Iran.

[77 FR 64666, Oct. 22, 2012, as amended at 81 FR 3332, Jan. 21, 2016; 83 FR 55271, Nov. 5, 2018]
Notes of Decisions
Cited in 8 cases, 1997–2017 · leading case: Campuzano v. Alavi Found., 830 F.3d 66 (2d Cir. 2016).
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Campuzano v. Alavi Found., 830 F.3d 66 (2d Cir. 2016). · cites it 2× “” 31 C.F.R. § 560.304 (2012); see id. §§ 560.”
Kirschenbaum v. 650 Fifth Avenue, 257 F. Supp. 3d 463 (S.D.N.Y. 2017). · cites it 2× “” 31 C.F.R. § 560.304 (2012); see id. §§ 560.”
Comet Enter. Ltd. Comet Enter. Ltd. v. Air-A-Plane Corp., United States of Am., Amicus Curiae, 128 F.3d 855 (4th Cir. 1997). · cites it 2× “31 C.F.R. § 560.304 (a) and (b) (1996). The regulations also require legal counsel to procure a license in order to represent “a person in Iran,” including Iranian corporations, in certain transactions.”
In re 650 Fifth Avenue & Related Props., 881 F. Supp. 2d 533 (S.D.N.Y. 2012). · cites it 3× “31 C.F.R. § 560.304 The Office of Foreign Assets Control (“OFAC”), operating under the United States Department of Treasury, has determined that “E.”
In Re 650 Fifth Ave. & Related Props., 777 F. Supp. 2d 529 (S.D.N.Y. 2011). “2 The ITRs define the “Government of Iran” to include “[a]ny entity owned or controlled directly or indirectly” by the “the Government of Iran, as well as any political subdivision, agency, or instrumentality thereof,” 31 C.F.R. § 560.304 , which “includes any corporation,…”
Kirschenbaum v. 650 Fifth Avenue & Related Props. (2d Cir. 2016). · cites it 2× “” 31 C.F.R. § 560.304 (2012); see id. §§ 560.”
In re 650 Fifth Avenue & Related Props. (2d Cir. 2016). · cites it 2× “” 31 C.F.R. § 560.304 (2012); see id. §§ 560.”
Comet Enter. v. Air-A-Plane Corp (4th Cir. 1997). · cites it 2× “31 C.F.R. § 560.304 (a) and (b) (1996). The regulations also require legal coun- sel to procure a license in order to represent "a person in Iran," includ- ing Iranian corporations, in certain transactions.”
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