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OFAC Updates List of Medical Devices Requiring Specific Authorization for Export or Reexport to Iran
  • Baker McKenzie
  • USA, Iran
  • February 6 2017

On February 2, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended the List of Medical Devices Requiring Specific


OFAC Expands Certain AgMed Authorizations and Clarifies Definitions Related to Iranian-Origin Goods
  • Baker McKenzie
  • USA, Iran
  • December 29 2016

On December 23, 2016, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued a final rule amending the licensing provisions


Medical Device Company Settles with OFAC on Iran Sanctions Charges
  • Sidley Austin LLP
  • USA, Iran
  • June 28 2016

After an uncharacteristic lull in the release of enforcement notices, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC)


OFAC imposes civil penalty for export of medical supplies to Iran
  • Buckley Sandler LLP
  • USA, Iran
  • June 24 2016

On June 23, OFAC announced a $107,691.30 settlement with a North Carolina-based medical device company for apparent violations of the Iranian


Additional Iran sanctions legislation
  • Hogan Lovells
  • USA, Iran
  • September 24 2013

Congress is working on new Iran sanctions legislation that would further target the activities of non-U.S. companies with Iran, even when the


Focus on Iran: OFAC issues Iranian transactions and sanctions regulations
  • Baker McKenzie
  • USA, Iran
  • October 31 2012

On October 22, 2012, the Office of Foreign Assets Control (“OFAC”) issued a final rule amending and reissuing the Iranian Transactions Regulations, 31 C.F.R. Part 560 (“ITR”), as the Iranian Transactions and Sanctions Regulations (“ITSR”).


OFAC publishes new Iranian Transactions and Sanctions Regulations
  • McDermott Will & Emery
  • USA, Iran
  • October 24 2012

Recently the U.S. Treasury Department Office of Foreign Assets Control (OFAC) issued new Iranian Transactions and Sanctions Regulations.


Food exports allowed to Iran and Sudan under new General License
  • Greenberg Traurig LLP
  • USA, Sudan, Iran
  • October 17 2011

On October 12, 2011, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued two important General Licenses (GLs) authorizing the export and reexport of “food” to Iran and Sudan, respectively.


OFAC revokes Iran’s ‘U-Turn’ license
  • Schulte Roth & Zabel LLP
  • USA, Iran
  • November 13 2008

On Nov. 6, 2008, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of Treasury revoked its “U-Turn” license authorizing certain funds transfers involving Iran, further restricting Iran’s access to the U.S. financial system.