Therefore, your inheritance must be transferred through a bank in a third country in order to comply with OFAC regulations. The Iran sanctions still prohibit US banks from processing transactions that credit or debit an Iranian bank. Can I transfer my inheritance directly from an Iranian bank to a US bank? No. A specific license may be required in many situations, so it is best to consult with an experienced OFAC attorney before transacting with Iran. However, none of the individuals or banks involved in the transaction can be on OFAC’s Specially Designated Nationals (SDN) list, or be members of the Government of Iran. A family inheritance qualifies as a personal remittance, and is thus covered by this general license. OFAC has issued a general license to allow for the transfer of personal remittances between Iran and the United States. In some situations, you do not need to apply for a license. Do I need special permission from OFAC to bring my inheritance to the United States? One of the most common questions we receive from those with family ties to Iran is whether the Iran sanctions permit the transfer of a family inheritance from Iran to the United States. The continuing sanctions regime is especially problematic for Iranians and Iranian- Americans living in the United States. While the US government has lifted its secondary sanctions on Iran, the majority of primary sanctions (those prohibiting transactions between US persons and Iran) remain in place. Transferring Your Iranian Inheritance to the United States - Law Firm of Tina Foster. Please check the Frequently Asked Questions below prior to submitting a 'Contact Us' request. Get ready for more transparency, more informed consent and more rights for data subject In 2012 the European Commission argued on GDPR draft:”The Regulation is an.

Application for authorization to travel to Cuba under a specific license.

Ofac license iran inheritance