Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.
Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).
Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category).
Please contact [email protected] or [email protected] with any questions on search results and efficiency.
Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.
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) This guidance clarifies that the transfer of funds to Iran arising out of a sale of U.S. property by a U.S. person is permitted under the personal remittance general license (560.550). 560.543 ("Sale of certain real property in Iran and transfer of related funds to the United States") permits sort of activity the subject of the correspondence, but with respect to property in Iran.
It is possible that the applicant read the limited scope of 560.543 as implying that a license would be needed to transfer funds to Iran from a sale of property in the U.S. In this case, because the sale...