OFAC GENERAL LICENSE CONCERNED WITH HUMANITARIAN TRADE WITH IRAN

On 27 February, OFAC issued General License 8: Authorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran, together with related FAQ, connected with the formalisation of the Swiss Humanitarian Trade Arrangement (SHTA), which became fully operational on 27 February.  A factsheet on SHTA is also made available in the form of a news release from US Treasury.  SHTA is intended to further facilitate the flow of humanitarian goods to the Iranian people while safeguarding against the Iranian regime’s diversion of humanitarian trade for malign purposes..

https://www.treasury.gov/resource-center/sanctions/Programs/Documents/gtsr_gl8.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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