OFAC focuses on Iran-related designations, issues general license and FAQ

On October 29, 2020, the Office of Foreign Assets Control of the US Department of the Treasury announced the addition of five individuals and eleven entities to the List of Specially Designated Nationals and Blocked Persons pursuant to Executive Order 13846. 

OFAC also announced the issuance of General License M, “Authorizing the Exportation of Certain Graduate Level Educational Services and Software,” pursuant to the Iranian Transactions and Sanctions Regulations, 31 CFR Part 360.  General License M allows accredited institutions of higher education in the US to provide online courses to Iranian students who have been granted non-immigrant visas by the US Department of State, but are not physically present in the US due to the Covid-19 pandemic.  The general license is valid through August 2021.

Frequently Asked Question 853 offers additional detail regarding the provision of academic services and software for Iranian students studying US curricula online due to the pandemic.  FAQ 853 also clarifies the application of General License G to the exportation of services to graduate and undergraduate students in Iran, and describes the type of services and software authorized by General License D-1. 

US Dept of the Treasury press release | GL M | FAQ 853 

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