CryptoWorld News reports that an explanatory document issued on the 28th by the Office of Foreign Assets Control (OFAC) under the U.S. Department of the Treasury said the United States prohibits its own individuals or entities from paying Iran the Strait of Hormuz safe-passage fees. The document states that, including U.S. individuals, financial institutions, and all foreign entities that are wholly owned or controlled, they may not directly or indirectly pay the relevant fees to the Iranian government or Iran’s Islamic Revolutionary Guard Corps. Non-U.S. individuals or entities that pay safe-passage fees to Iran will also face significant sanctions risks. Since the Iranian government and Iran’s Islamic Revolutionary Guard Corps are subject to related sanctions imposed by the U.S. on the grounds of nuclear nonproliferation and counterterrorism, foreign financial institutions and other non-U.S. individuals or entities that carry out certain transactions or activities with sanctioned targets will face sanctions risks. In addition, on the same day, OFAC added 17 foreign individuals and 18 foreign entities to the sanctions list related to Iran.

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