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Recent Key OFAC Actions and Related Legal News

Key OFAC Actions

Central Bank of Iran (CBI) General License and FAQs

In September 2019, OFAC designated the CBI under terrorism-related sanctions authorities, which appeared to prohibit CBI’s involvement in processing payments for humanitarian-related transactions, such as those authorized under OFAC general licenses for agricultural commodities, medicines, or medical devices (“AgMed Licenses”). Read more…