OFAC Reports on License Activities for Q1 of 2013
The Treasury Department’s Office of Foreign Assets Control issued 223 licenses authorizing exports of agricultural commodities, medicine and medical devices to Iran and Sudan in the first quarter of 2013, OFAC said in a May 10 report of its licensing…
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activities. The agency has authority over such licenses through the Trade Sanctions Reform and Export Enhancement Act. Most of the licenses -- 189 -- were for Iran; 34 were for Sudan, OFAC said. The agency also issued 115 license amendments and 13 denial letters over the quarter, which runs from October through Dec. 31, 2012. A large majority of the total number of licenses were for exporting medical devices.