- #OFAC GENERAL LICENSE IRAN GIFT MONEY HOW TO#
- #OFAC GENERAL LICENSE IRAN GIFT MONEY UPDATE#
- #OFAC GENERAL LICENSE IRAN GIFT MONEY LICENSE#
Also sure to adhere to other export regulations from the U.S.ģ0:36 - Definition of general v. agriculture, foodstuffs, pharmaceuticals, etc). on a tourist visa.Ģ8:50 - General licenses and Specific licenses for business activities with Iran (e.g. Bank rejecting the funds and dealing with Currency Exchangers in Iran, and the importance of good wiring instructionsĢ2:41 Typical OFAC Questions: Is OFAC over or gone?Ģ4:50 - General Licenses for OFAC (two biggest are receipt of family money non-commercial person remittance, gift or inheritance and sales of real property that had before becoming a US Person, or after becoming a US person through inheritance)Ģ6:00 - Opening a bank account from an OFAC sanctioned country national, while in the U.S.
#OFAC GENERAL LICENSE IRAN GIFT MONEY HOW TO#
Interview and Discussion with OFAC Attorney Mehrnoush Yazdanyar.Ġ1:34 - Background of Mernhoush YazdanyarĠ2:04 - Initial Legal work and subsequent start of practice (Iran OFAC sanctions works)Ġ3:02 - Her initial real estate legal work and her thoughts about being a lawyer before graduating as opposed to after being an attorney and finding the type of work that she was meant to doĠ6:25 - Her passion for working/interacting with the client directly which is lacking some types of practicesĠ7:40 - Her experience in Immigration Law, and small family-based immigration practice before starting OFAC workĠ9:08 - How she got into OFAC work (First OFAC case and saw the effect of sanctions on individuals for personal (non-commercial) transactionsġ1:30 - How Currency Exchange process works for Iran and how to do it to avoid issuesġ3:28 - Issues when Moneychangers do Cash Deposits into Client Accountsġ5:35 - IRS Scam for those doing money transfers and effect of investigations into individuals involved in the process (Checking to make sure no one is on the designated OFAC list) and general issues with Iran transactionsġ8:45 - U.S. PLEASE "LIKE" IF YOU ENJOYED THIS EPISODE sanctions law in regards to Cuba, seeking out an attorney well versed in this area is your best bet.Click Here to Subscribe Via RSS Feed (Non-Itunes)ĭownload as an MP3 by right-clicking here and choosing “save as” person or entity should have when dealing with Cuba. However, while the sanctions have been relaxed and it looks likely that more changes will be forthcoming, there are still a number of concerns a U.S. Undoubtedly the easing of the sanctions will have a dramatic effect on U.S.-Cuba relations, particularly from a business standpoint. Department of Commerce Bureau of Industry and Security.
#OFAC GENERAL LICENSE IRAN GIFT MONEY LICENSE#
Moreover, exportation of telecommunications equipment to Cuba still requires an export license from the U.S. These reporting requirements include the need for filing notifications regarding the establishment or termination of service, and annual reporting on all activity. The general licenses which are part of the update, while vastly easing the restrictions on telecommunications in relation to Cuba, still require certain reporting. telecom providers can now enter into roaming agreements with providers in Cuba and make payments in relation to those agreements. and Cuba easier by provides a general license for transactions required to establish such links Ĥ.
#OFAC GENERAL LICENSE IRAN GIFT MONEY UPDATE#
The update now makes establishing telecommunications links between the U.S. through telecommunication links between third countries and Cuba ģ. Specific licenses will now be issued to facilitate the communction between the Cuba and the U.S. Telecommunications providers’ personnel are now authorized to travel to Cuba for multiple business purposes Ģ. There are four major changes in which the update significantly impacts telecommunications and Cuba. Today I would like to shed a little light on the effect the changes have for telecommunications. Last week I posted on the changes to the travel restrictions. As announced earlier this month the United States Department of the Treasury Office of Foreign Assets Control (OFAC) has updated the Cuban Assets Control Regulations (CACR) to include some changes involving travel restrictions, remittances, telecommunications, agricultural and medical products, and gifts/humanitarian donations.
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