Print PDF

OFAC Issues General Licenses to Support Humanitarian Activity, Athletic Exchanges with Iran

Thursday, September 12, 2013
Sandler, Travis & Rosenberg Trade Report

The Treasury Department’s Office of Foreign Assets Control issued Sept. 10 two general licenses that authorize certain humanitarian-related activities by non-governmental organizations in Iran and athletic exchanges involving Iran and the U.S.

General License E authorizes the exportation of services and funds transfers by NGOs in support of certain not-for-profit humanitarian activities designed to benefit the people of Iran, including activities related to humanitarian projects to meet basic human needs, non-commercial reconstruction projects in response to natural disasters for up to two years, environmental and wildlife conservation projects involving endangered species of fauna and flora and their supporting habitats, and human rights and democracy building projects. Transfers of funds for such activities by a single NGO may not exceed $500,000 per year. NGOs who use this general license must submit quarterly reports on such use to OFAC. This license does not authorize any activities in furtherance of Iranian military or industrial infrastructure or potential or in connection with the Iranian energy, automobile, shipping and shipbuilding sectors.

General License F authorizes the importation, exportation and reexportation of certain services in support of professional and amateur sporting activities and exchanges involving the U.S. and Iran. These activities may include those related to exhibition matches and events, the sponsorship of players, coaching, refereeing and training.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines