31 CFR § 560.550 - Certain noncommercial, personal remittances to or from Iran authorized.

Date issued: Oct. 22 2012

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TURBOFAC Commentary (201 words)

Notes:

[8-24-26 - update - GL "suspended indefinitely" in connection with "Economic D-Day". See Suspension of Certain Iranian Transactions and Sanctions Regulations General Licenses and Treasury Launches Unprecedented Campaign Against Iranian Regime on Economic D-Day (Treasury Press Release).]

1) There are remittance GLs in all IEEPA-based embargo programs, as well as the CACR. The GLs used in IEEPA programs are broadly similar in scope. Refer to General Note on Remittances; Guidance Letters Concerning Personal Remittances (System Ed. Note), for comments on the scope and operation of this GL.

2) Unlike the NKSR version of the GL, the ITSR version...