![]() ![]() Export Administration Regulations ( EAR). The agricultural license applies to products that are covered by the U.S. These general licenses do not allow any export of these goods to military or law enforcement entities in Iran. OFAC has issued general licenses for the exportation to Iran of certain agriculture products, medicine, and medical supplies. What general licenses have been granted by OFAC as it relates to U.S.-Iran trade? person to engage in a particular type of transaction without the need to apply for a license. General licenses are broader and authorize a U.S. OFAC only issues specific licenses to particular persons or entities after an application process. What is the difference between a General License and a Specific License? To search these lists, please use OFAC’s Sanctions List Search feature Here. 13599 List, and the Foreign Sanction Evaders List. Yes, other lists that name sanctioned people, entities, organization, and vessels are called the Non-SDN Iran Sanctions Act List, E.O. person engage in any transactions or dealings with persons or entities on this list.Īre there any other lists that I should be concerned with and how can I find or search these lists? persons are prohibited from doing business with. ![]() ![]() The Specially Designated Nationals (SDN) List names various people, entities, organizations, and vessels, which U.S. Several important general licenses were issued after the implementation day of the JCPOA and they can be found in OFAC’s JCPOA Guidance. primary sanctions restricting trade with Iran under the Iranian Transactions and Sanctions Regulations (ITSR). However, the JCPOA had little effect on U.S. The Joint Comprehensive Plan of Action (JCPOA) is a multilateral agreement, commonly known as the “Iran nuclear deal” that removed various sanctions on Iranian entities. What is the JCPOA and how did it affect U.S. For more information on OFAC, please see OFAC’s Home Page. OFAC aims to prevent “prohibited transactions,” which means trade or financial transactions U.S persons are not allowed to engage in without prior authorization. ![]() foreign policy and national security objectives. The Office of Foreign Assets Control (OFAC) is a subsection of the United States Department of the Treasury. A PRIMER ON OFAC, THE JCPOA & CHANGES IN U.S.-IRAN SANCTIONS ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |