Case No. MUL-2014-306809-1

Date issued: Aug. 09 2019

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TURBOFAC Commentary (1170 words)

Notes:

1) Read in conjunction with Case No. IA-2018-355540-1 (banknotes); Case No. MUL-2013-305202-1 (coins) and Case No. NK-93087 (stamps). Here, Paypal, which is a U.S. person online-based payment processor, requests guidance concerning a variety of coin and stamp-related transactions where those items are issued by blocked sanctioned country governments.

2) INFORMATIONAL MATERIALS IN THE STAMP CONTEXT

With respect to banknotes, OFAC determines that

With respect to stamps, OFAC determines that “Invalid Cuban postage stamps are considered to be informational materials,” while “Valid Cuban postage stamps, however, are not informational materials”. Likewise, “OFAC considers invalid Iranian postage stamps to be informational materials, the importation from and exportation to any country of which are exempt from the prohibitions of the ITSR,” while “Valid Iranian...