Update to the Iranian Transactions and Sanctions Regulations, 31 CFR Part 560 (The "ITSR"), Section 560.530(a)(3)(i), Adding Additional Items to the Basic Medical Supplies General License, and Publication of Related Frequently Asked Questions
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is updating section 560.530(a)(3)(i), of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (the "ITSR"), to add additional items to the basic medical supplies list defined under section 560.530(a)(3)(ii) and referenced in the general license originally issued on October 22, 2012 for the export of basic medical supplies to Iran.
In addition, OFAC is publishing related frequently asked questions on the general license to provide guidance on the scope and limitations of this general license and the issued update. OFAC has also released new guidance on the sale of food, agricultural commodities, medicine, and medical devices by non-U.S. persons to Iran.
7/25/2013 9:57 AM