§560.539 Official activities of certain international organizations.
(a) General license. Except as provided in paragraph (b) of this section, all transactions otherwise prohibited by this part that are for the conduct of the official business of the United Nations, the World Bank, the International Monetary Fund, the International Atomic Energy Agency, the International Labor Organization, or the World Health Organization by employees, contractors, or grantees thereof are authorized. Authorized transactions include, but are not limited to:
(1) The provision of services involving Iran necessary for carrying out the official business;
(2) Purchasing Iranian-origin goods and services for use in carrying out the official business;
(3) Leasing office space and securing related goods and services;
(4) Funds transfers to or from accounts of the international organizations covered in this section, provided that funds transfers to or from Iran are not routed through an account of an Iranian bank on...
*[5-16-2020 Update: see general discussion of the “official business” licenses at General Note on Exemptions and General Licenses for the “Official Business” of the U.S. Government (and/or United Nations) and Employees, Contractors, or Grantees Thereof]
1) Provision amended on 9-30-2020 to add "Note 1 to paragraph (a),"with text that effectively defines "United Nations" in a way that is consistent with similar sanctions provisions in other programs.
2) This GL, on its face, appears to allow for the facilitation of underlying transactions that are not subject to the prohibitions of the ITSR. See General Note and Associated Matrix Pertaining to U.S. Person Engagement in Transactions Incident to Transactions by Foreign Persons (System Ed. Note).
3) FUNDS TRANSFERS, RELATIONSHIP TO 560.516
With respect to funds transfers,...