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OFFICE OF FOREIGN ASSETS CONTROL
Global Terrorism Sanctions Regulations 31 C.F.R. Part 594
Iranian Transactions and Sanctions Regulations 31 C.F.R. Part 560
GENERAL LICENSE NO. 8A
Authorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran or the National Iranian Oil Company
(a) Except as provided in paragraph (b) of this general license, the following transactions and activities involving the Central Bank of Iran (CBI), the National Iranian Oil Company (NIOC), or any entity in which NIOC owns, directly or indirectly, a 50 percent or greater interest, that are prohibited under the Global Terrorism Sanctions Regulations, 31 C.F.R. part 594 (GTSR), or the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), are authorized:
(i) transactions and activities described in the general licenses set forth at sections 560.530(a) and (b), 560.532, and 560.533 of...
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1) GTSR/ITSR - General License 8 was initially issued on 02-27-2020 to authorize certain transactions involving the Central Bank of Iran (CBI). It was amended on 10-26-2020 to add authorizations for certain transactions involving the National Iranian Oil Company (NIOC), or any entity in which NIOC owns, directly or indirectly, a 50 percent or greater interest.
2) Read in conjunction with 560.530, 560.532, and 560.533 of the ITSR. Those are the general licenses in the ITSR for TSRA-related (ag/med) goods.
When OFAC initially designated the CBI as a SDGT, U.S. persons were not permitted to engage in any transaction involving the CBI, even when those transactions were otherwise licensed...