OFAC Issues Guidance on Food, Medicine Exports to Iran, Sudan
The Office of Foreign Assets Control has issued a guidance on the donations of food and medicine to Iran and the non-Specified Ares of Sudan, which states, among other things, that although such donations, when intended to be used to…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
relieve human suffering, are exempt from the prohibitions of the Iranian Transaction Regulations (ITR) and the Sudanese Sanctions Regulations (SSR) and do not require a license pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000, the commercial exportation or reexportation of food and medicine to Iran and the non-Specified Areas of Sudan is subject to the licensing requirements of TSRA. In addition, the donation of funds to a non-U.S. person for the purchase of food, medicine, or medical devices to be exported to Iran or the non-Specified Areas of Sudan would require a license.