Case No. IA-16801

Date issued: Jan. 04 2013

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TURBOFAC Commentary (93 words)

Notes:

1) See "General Note on Remittances; Guidance Letters Concerning Personal Remittances (System Ed. Note)" for a summary of notable points common to the majority of the guidance letters dealing with the subject.

2) to maintain a bank account in Iran after becoming a U.S. person constitutes a prohibited receipt of a service from Iran (560.201). See Case No. IA-18717-1.

3) There is seemingly no limit on the amount of funds that an Iranian moving to the U.S. can transfer to his or herself pursuant to the "personal remittances" general license.