OFAC Issues General Licenses to Support Humanitarian, Sporting Activities in Iran
The Treasury Department’s Office of Foreign Assets Control (OFAC) issued two general licenses Sept. 10 authorizing certain humanitarian activity by nongovernmental organizations in Iran and athletic exchanges between Iran and the U.S. OFAC said that General License E authorizes the…
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exportation of funds and services by nongovernmental organizations to support beneficial, not-for-profit humanitarian projects for the people of Iran. OFAC said the projects will include efforts towards meeting basic human needs, non-commercial reconstruction in response to natural disasters for up to two years, environmental and wildlife conservation, and human rights and democracy building. General License F will authorize importation and exportation of services to support professional and amateur sporting activities or exchanges between the U.S. and Iran, OFAC said.