“Medical Supplies” authorized for exportation or re-exportation to Iran
Washington, November 2, 2015, the US Treasury Office of Foreign Assets Control (OFAC) issued an updated list of “Medical Supplies” authorized for exportation or re-exportation to Iran.
Update to the Iranian Transactions and Sanctions Regulations, 31 C.F.R. Part 560, Section 560.530(a) (3) (i), Adding Additional Items to the List of Medical Supplies General License. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is updating the List of Medical Supplies eligible for exportation or reexportation to Iran under the general license set forth at section 560.530(a)(3)(i) of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), to include additional items that meet the definition of the term “medical supplies” set forth at section 560.530(a)(3)(ii) of the ITSR and referenced in the general license originally issued on October 22, 2012 for the export of basic medical supplies to Iran.
Zaher Fallahi, Esq., CPA, is an OFAC attorney and advises clients dealing with Iran and their sale of property in Iran and transfer of the related funds to the US in conformity with the ITSR from bot legal and tax viewpoint. Zaher Fallahi has been rated 10 out of 10 by Avvo http://www.avvo.com/attorneys/90024-ca-zaher-fallahi-1955056.html , was named a top tax attorney in September 2015 http://www.ocbar.org/AllNews/NewsView/tabid/66/ArticleId/1631/Coast-Magazine-Names-OCBA-Members-Top-Attorneys.aspx . Approximately 1.8% of the US lawyers are also CPAs, and Zaher Fallahi is proudly one of them. Telephones: (310) 719-1040 (Los Angeles), (714) 546-4272 (Orange County), e-mail [email protected]