Iran ofac general licenses

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August undefined, 2024

WebOct 8, 2024 · OFAC has issued Iran General License L - Authorizing Certain Transactions Involving Iranian Financial Institutions Blocked Pursuant to E.O. 13902. In addition, OFAC has published the following Iran-related Frequently Asked Questions (FAQs) 842, 843, 844, 845, 846, and 847. WebJun 10, 2024 · On June 10, 2024 the US Office of Foreign Assets Control (OFAC) issued Syria General License 21A, Venezuela General License 39A, and Iran General License N-1. These General Licenses (GLs) replace and supersede former General Licenses’ released for COVID-19 related transactions in Syria (GL 21), Venezuela (GL 39), and Iran (GL N) due to …

Issuance of Syria General License 21, Venezuela General License …

WebAug 6, 2024 · The ITSR is the primary set of regulations that make up the country-based sanctions against Iran. In addition, OFAC posts on its websites general licenses on an as-needed basis. Longstanding general licenses from the website are eventually incorporated into the text of the regulations. WebMar 3, 2024 · On February 27, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued a new Counter Terrorism and Iran-related General License No. 8 (“GL 8”) together with new frequently asked questions (“FAQs”) about the general license and the Swiss Humanitarian Trade Arrangement (“SHTA”). New GL 8 authorizes US … how do stone island hoodies fit

eCFR :: 31 CFR 560.530 -- Commercial sales, exportation, and ...

WebExcept as otherwise authorized pursuant to this part, and notwithstanding any contract entered into or any license or permit granted prior to May 7, 1995, any new investment by a United States person in Iran or in property (including entities) owned or controlled by the Government of Iran is prohibited. WebOne important general license authorizes the exportation of certain computers, cell phones, and other devices and technologies to Iran. This broad authorization was granted in an … WebIran General License (No. F) - Authorizing Certain Services in Support of Professional and Amateur Sports Activities and Exchanges Involving the United States and Iran Iran General License (No. E) - Authorizing Certain Services in Support of Nongovernmental Organizations’ Activities in Iran how do stone island sweatshirts fit

OFAC issues and amends Iran-related FAQ Orrick, Herrington ...

Iran Sanctions Program OFAC Lawyer

WebApr 13, 2024 · On April 6, the Department of the Treasury published an Enforcement Release detailing Microsoft Corporation’s settlement with the Treasury’s Office of Foreign Assets Control (“OFAC”) for $2,980,265.86, relating to alleged violations of OFAC’s Cuba, Iran, Syria, and Ukraine-/Russia-related sanctions programs. This settlement was part of a … WebJan 18, 2024 · New FAQ 1110 clarifies Iran General License (GL) D-1 and GL D-2. Specifically, OFAC noted that because GL D-1 was issued in 2014, the types of software and services that support communication over ... how do stone island cargo pants fitWebThis general license authorizes you to collaborate with your Iranian colleague on the creation and enhancement of written publications, including an academic paper, a book, or a dissertation. 31 CFR 560.538 also authorizes substantive editing of written publications. how much should a newborn eat breastfeeding

"WebIn order to obtain the one-year specific license described in paragraph (a) (1) (i) of this section, the exporter must provide to OFAC: (1) The applicant's full legal name (and, if the applicant is a business entity, the state or jurisdiction of incorporation and … " - Iran ofac general licenses

Iran ofac general licenses

31 CFR § 560.530 - LII / Legal Information Institute

WebJul 6, 2024 · OFAC’s recent general licenses for Iran, Syria, and Venezuela authorize a number of activities that were previously prohibited under the relevant U.S. sanctions. … WebApr 14, 2024 · Pursuant to an OFAC general license, U.S. person NGOs are permitted to engage in humanitarian projects to meet basic human needs in Iran, including the donation of health-related services. Additionally, NGOs can transfer up to $500,000 per year to Iran in support of such activities.

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WebLicense Authorization There are two very different types of license authorization that are offered by OFAC. The first is general license authorization where the authorization does not come from any piece of paper that the government gives … WebOct 29, 2024 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License M, "Authorizing the Exportation of Certain Graduate Level Educational Services and Software" and a new Frequently Asked Question. In addition, OFAC has updated its Specially Designated Nationals and Blocked Persons List:

WebDec 23, 2016 · OFAC is adding a new general license in § 560.530 (a) (5) to authorize the exportation or reexportation to Iran of software and services related to the operation, maintenance, and repair of medical devices that previously were exported or reexported to Iran pursuant to an OFAC authorization, provided that, among other things, such software … WebIn order to obtain the one-year specific license described in paragraph (a) (1) (i) of this section, the exporter must provide to OFAC: ( 1) The applicant's full legal name (and, if the applicant is a business entity, the state or jurisdiction of incorporation and …

WebAug 25, 2024 · Welcome to OFAC's new website! April 03, 2024 - Miscellaneous Global Magnitsky Designation; Issuance of Global Magnitsky General License and Frequently Asked Question March 31, 2024 - Sanctions List Updates Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Uphold HQ Inc. WebJun 16, 2024 · YOUCHEM GENERAL TRADING FZE, B.C. 1303245, Ajman Free Zone, Ajman, United Arab Emirates; Additional Sanctions Information - Subject to Secondary Sanctions; License 27087 (United Arab Emirates) [IRAN-EO13846] (Linked To: TRILIANCE PETROCHEMICAL CO. LTD.). The following deletions have been made to OFAC's SDN List:

WebSep 23, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran General License D-2 "General License with Respect to Certain Services, …

WebApr 12, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 62, "Authorizing the Wind Down of Transactions Involving Holdingovaya Kompaniya Metalloinvest AO, MegaFon PAO, Limited Liability Company USM Telecom, or Akkermann Cement Ca Limited Liability Company", General … how much should a newborn eat breast milkWebOct 26, 2024 · The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Feb. 27, 2024 issued General License 8 “Authorizing Certain Humanitarian Trade Transactions Involving … how do stones have healing propertiesWebJul 29, 2013 · A general license authorizes “a particular type of transaction for a class of persons without the need to apply for a license.”9 A specific license “is a written document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application.”10 The Code of Federal Regulations ... how much should a newborn eat chartWebExcept as otherwise authorized pursuant to this part, and notwithstanding any contract entered into or any license or permit granted prior to May 7, 1995, any new investment by … how much should a newborn eat at two weeksWebSep 27, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Iranian Transactions and … how much should a newborn eat in a dayWebFeb 27, 2014 · The Department of the Treasury's Office of Foreign Assets Control (“OFAC”) is publishing General License E and General License F issued under the Iranian transactions … how do stopwatches work how do store security sensors work