DEPARTMENT OF THE
WASHINGTON, D.C. 20220
OFFICE OF FOREIGN ASSETS CONTROL
IRANIAN TRANSACTIONS REGULATIONS
31 C .F .R . PART 5 6 0
GENERAL LICENSE NO. l-a
U.S. Regulations on Funds Transfers to Iran for Humanitarian Relief After March 25, 2004
(a) Effective March 25, 2004, United States persons are authorized for a ninety-day period to make donations of funds directly to US-based on-governmental organizations ('NGOs") specifically licensed by the Office of Foreign Assets Control to be used in direct support of humanitarian relief and reconstruction activities being undertaken in Iran in response to the earthquake in Bam. The list of currently licensed NGOs is appended to this General License No. l-a. Transfers pursuant to this General License may be made through a bank owned or controlled by the Government of Iran, provided that the transfer does not involved the debit or credit of an account of the Iranian bank maintained on the books of a U.S. bank.
(b) Financial institutions that are United States persons are authorized to engage in all transactions ordinarily incident to the transfer of funds authorized by paragraph (a) above. A financial institution that is a United States person may rely on the originator of a funds transfer with regard to compliance with paragraph (a) above, provided that the financial institution does not know or have reason to know that the funds transfer is not in compliance with paragraph (a) above.
Note to General License No. l-a: This General License does not authorize any funds transfers to or through any blocked person, including specifically designated nationals ("SDNs") listed in Appendix A to 31 CFR Chapter V. An up-to-date list of SDNs is maintained on the Office of Foreign Assets Control's website at http://www.treas.qov/ofac. Note: Banks owned or controlled by the Government of Iran are not blocked persons or SDNs as set forth in Appendix A.
Dated: (March 25, 2004)
R. Richard Newcomb
Director, Office of Foreign Assets Control.
Non-Governmental Organizations Licensed by the Office of Foreign Assets Control to Engage in Humanitarian Relief and Reconstruction Work in Bam, Iran
(Last Updated 3/25/2004)
1. 31 C.F.R 8 560.314: The term U n i t e d S t a t e s person means any United States citizen, permanent resident alien, entity organized under the laws of the United States (including foreign branches), or any person in the United States.
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