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An oil exploration company based in France does business with oil refineries in Iran, which is subject to comprehensive Office of Foreign Assets Control (OFAC) sanctions.
What type of OFAC sanctions should be imposed against the French company?
Suggested Answer: B
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12 comments · newest first
PE
Pearly
2 months ago
C) Country-based makes sense. Iran is the focus of the sanctions.
JO
Josephine
2 months ago
I lean towards B) Secondary. It targets foreign companies too.
AL
Alease
2 months ago
I think it should be A) List-based. They are directly dealing with sanctioned entities.
EL
Elvera
2 months ago
Country-based makes sense too, but I lean towards list-based.
AU
Audra
2 months ago
No way, it should be secondary sanctions to hit them harder!
HO
Howard
3 months ago
Wait, are they really still doing business with Iran? That seems risky!
HA
Hana
3 months ago
I think it should be sectoral. Oil industry is a key target.
HY
Hyun
3 months ago
Definitely list-based sanctions. They’re dealing directly with Iran.
HE
Herminia
3 months ago
I keep mixing up the types of sanctions; I thought country-based was for specific nations, but this situation seems more complex.
RO
Rozella
3 months ago
I practiced a similar question before, and I feel like sectoral sanctions could apply here, but I'm not entirely confident.
LU
Luisa
3 months ago
I think this might be a secondary sanction since it involves a foreign company dealing with a sanctioned country.
FR
Freeman
4 months ago
I remember studying about OFAC sanctions, but I'm not sure if it's list-based or country-based in this case.