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Publication of Updated Iranian Transactions and Sanctions Regulations

 
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR) to expand the scope of medical devices and agricultural commodities generally authorized for export or reexport to Iran pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000, as amended.  This amendment also includes new or expanded authorizations related to training, replacement parts, software and services for the operation, maintenance, and repair of medical devices, and items that are broken or connected to product recalls or other safety concerns.  Additionally, this amendment revises the definition of the terms “goods of Iranian origin” and “Iranian-origin goods."
 
The ITSR amendment will be published in the Federal Register on Friday, December 23, 2016, at which time the changes will take effect.  OFAC is also publishing a number of new and updated Frequently Asked Questions pertaining to this regulatory amendment.
Last Updated: 12/22/2016 8:58 AM