What does Cisada stand for?

The Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA) provides for a waiver of the sanctions under the Iranian Financial Sanctions Regulations (IFSR) if the Secretary of the Treasury determines that a waiver is necessary to the national interest of the United States.

Which are the sanctioned countries?

Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe.

Which Iranian banks are sanctioned?

Amin Investment Bank, Bank Keshavarzi Iran, Bank Maskan, Bank Refah Kargaran, Bank-e Shahr, Eghtesad Novin Bank, Gharzolhasaneh Resalat Bank, Hekmat Iranian Bank, Iran Zamin Bank, Karafarin Bank, Khavarmianeh Bank (also known as Middle East Bank), Mehr Iran Credit Union Bank, Pasargad Bank, Saman Bank, Sarmayeh Bank.

What are the types of sanctions?

Types

• Ongoing sanctions. As of June 2021, the United Nations has sanctions against:
• Reasons for sanctioning. Sanctions formulations are designed into three categories.
• Diplomatic sanctions.
• Economic sanctions.
• Military sanctions.
• Sport sanctions.
• Sanctions on individuals.
• Sanctions on the environment.

Can U.S. companies sell to Iran?

The United States has since 1979 applied various economic, trade, scientific and military sanctions against Iran. Currently, US sanctions against Iran include an embargo on dealings with the country by the U.S., and a ban on selling aircraft and repair parts to Iranian aviation companies.

What do you need to know about CISADA?

CISADA requires that any firm or individual seeking a USG contract must certify that it, as well as subsidiaries, is not engaged in sanctionable energy or weapons-related activity.

Are there sanctions for non-US financial institutions under CISADA?

The IFSR confirm that sanctions apply to non-US financial institutions under Section 104 (c) of CISADA only if OFAC designates them under that Section. As of today, OFAC has not made any such designations.

What is Section 104 ( E ) of the CISADA?

Section 104 (e) of CISADA requires OFAC to promulgate regulations requiring U.S. financial institutions with foreign bank correspondent accounts to undertake one or more of four activities designed to determine whether the foreign banks are providing services to Iran in aid of its proliferation goals.

What does CISM stand for in ISACA certification?

ISACA’s Certified Information Security Manager® (CISM®) certification indicates expertise in information security governance, program development and management, incident management and risk management.