On December 22, 2016, OFAC published updated regulations on Iranian Transactions and Sanctions Regulation. The amended regulation narrows the definition of "goods of Iranian origin" and "Iranian-origin goods," allowing for the export and reexport of medical devices and agricultural commodities to Iran. Further, the amended regulation expands the definition of "non-Iranian goods" to include goods transported on a vessel or aircraft through Iranian territorial waters or stopped at a port or place in Iran en route to a destination outside of Iran that have not otherwise come into contact with Iran.
The text of the OFAC regulation is available at: https://www.gpo.gov/fdsys/pkg/FR-2016-12-23/pdf/2016-30968.pdf.
The FAQs on the regulation are available at:
https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_iran.aspx#itsr_amend.
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