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DEPARTMENT OF THE TREASURY
WASHINGTON, D.C.
OFFICE OF FOREIGN ASSETS CONTROL
Iranian Transactions and Sanctions Regulations
31 CFR part 560
GENERAL LICENSE HH
Authorizing Wind Down Activities, Limited Safety and Environmental Transactions, and the Offloading of Cargo Involving Certain Persons or Vessels Blocked on October 21, 2026
(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (ITSR), that are ordinarily incident and necessary to one or more of the following activities involving the blocked persons listed in the Annex to this general license, and any entity in which those blocked persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest (collectively the “Blocked Persons”), or the blocked vessels listed...
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1) Compare Iran General License R and comments thereto. This is a standard "Limited Safety and Environmental Transactions, and the Offloading of Cargo Involving Certain Persons or Vessels" GL, except that the GL authorizes "wind down of any financial transaction involving the Blocked Persons or Blocked Vessels" (irrespective of the subject matter of the transactions). Note that the term “financial transaction” is not defined in the relevant regulations, but see 510.308, 561.325 and 566.308 (“The term financial transaction means any transfer of value involving a financial institution.”)