OFAC Grants More Than 200 Applications for Iran, Sudan Exports in Q4 2013
The Treasury Department’s Office of Foreign Assets Control (OFAC) issued 203 authorizations to export agricultural commodities, medicine and medical devices to Iran and Sudan out of a total 298 applications received in the last quarter of Fiscal Year 2013, OFAC…
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said. The authorizations are required under the Trade Sanctions Reform and Export Enhancement Act of 2000. During the quarter, OFAC issued 324 total licenses to authorize such exports.