On 23 October 2014, OFAC released its quarterly report on licensing activities pursuant to Section 906 of the Trade Sanctions Reform and Export Enhancement Act of 2000 (“TSRA”). The TSRA governs licence applications for the export of agricultural commodities, medicine and medical devices to Iran and Sudan. OFAC’s report details licensing activities between October 2013 and December 2013, covering 306 licence applications. On average, OFAC found that the average processing time for issuing licences was 59 business days for a licence issuance and 160 days for the issuance of a denial letter. OFAC received 282 license applications with respect to Iran and granted 81 licenses. Regarding Sudan, OFAC received 24 applications and issued 18 licenses.