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License Authorizing Transaction between the Us and Iranian Entities

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16 Jan 2016

The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) has issued “General License H”, which autorizes certain transactions relationg to foreign entities owned or controlled by a United States Person. According to this license, an entity owned or controlled by a United States person and established or maintained outside the United States is authorized to engage in transactions, directly or indirectly, with certain sectors of the Government of Iran or certain persons subject to the jurisdiction of the Government of Iran. The text of the General License can be accessed here.