Does the Department of the Treasury’s Office of Foreign Assets Control (OFAC) have jurisdiction over Iraq anymore?
As of July 30, 2004, BIS has jurisdiction over the export and reexport to Iraq, and transfer within Iraq, of dual-use items subject to the Export Administration Regulations (EAR). OFAC continues to have jurisdiction over certain transactions, including those involving blocked assets and other financial matters. OFAC also has primary jurisdiction for transactions involving persons identified in Appendix A to 31 CFR Chapter V, the list of “Specially Designated Nationals.” You should consult with OFAC directly about these transactions.
