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What You Need to Know About Iranian OFAC License

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Disclaimer: Iran OFAC license material below is for general information, not legal advice.

Zaher Fallahi, Iran OFAC License Attorney, CPA, assists Iran OFAC license clients with obtaining Iran OFAC licenses, money transfer from Iran pursuant to Iran OFAC License, taxation of Iran OFAC license transactions, Iran OFAC license problems with OFAC, Iran OFAC license Voluntary-Self Disclosure, IRS Audit, Cryptocurrency Tax, and Foreign Gifts. Consultation is available via toll free 1-(877) 687-7558.

Harvard Law School

Zaher Fallahi, Iran OFAC License Attorney-CPA, has completed “Negotiation and Leadership”, and “Leveraging the Power of Emotions as You Negotiate” Certificate Programs at Harvard Law School.

Iranian OFAC Regulations

The U.S. Treasury’s Office of Foreign Assets Control (OFAC), administers and enforces economic sanctions against groups, individuals, and countries.

The Iranian Transactions & Sanctions Regulations, Title 31 C.F.R. Part 560 (ITSR), generally prohibits the exportation, re-exportation, sale, or supply of any goods, technology, and other services, directly or indirectly, by U.S persons to Iran. A U.S, person is defined as (a) U.S. citizen, (b) U.S. green card holder or (c) U.S. businesses.

Causing many transactions such as having a bank account, employment or conducting any business in Iran by U.S. persons requires Iran OFAC specific license, exemption, or authorization by Iran OFAC general license.

Due to complexity of Iran OFAC license regulations, and potential tax and BSA/AML implications, it is advisable to consult an Iran OFAC license attorney and an international tax attorney before obtaining an Iran OFAC license or transfer of money pursuant to an Iran OFAC license.

2015 Joint Comprehensive Plan of Action (JCPOA)/2018 U.S. Exit

On July 14, 2015, the P5+1 (U.S., China, Russia, Britain, France, and Germany) and Iran reached JCPOA agreement which imposed strict limitations on Iran’s nuclear activities in exchange for easing U.S. sanctions. In 2018, the deal was largely abandoned by the former Trump administration.

As of today, July 3, 2021, President Joe Biden Administration, along with European allies, are negotiating to revive the accord due to concerns that Iran has made significant advances since it stopped abiding by the 2015 commitments.

Despite the potential lifting of some U.S. Sanctions against Iran, it is everyone’s guess how these potential changes will affect the transfer of money from Iran pursuant to Iran OFAC license by our clients under Iran OFAC license Regulations.

As an Iran OFAC license attorney and an eternal optimist, I hope for a permanent and speedy improvement between Iran and the U.S. that would grant relief for Persian-Americans seeking Iran OFAC licenses and produce much needed benefits for Iranians inside Iran.

For Iran OFAC license general information, visit the following links on transfer of money from Iran to the U.S.:

  1. OFAC Frequently Asked Questions and Answers (FAQ)
  2. What is OFAC Voluntary Self-Disclosure?
  3. Tax Implication of Money Transfer from Iran
  4. Taxation of Persian Americans Living in Iran
  5. OFAC Cryptocurrency Guidance Brochure
  6. OFAC Frequently Asked Questions on Cryptocurrency
  7. Iran Nuclear Talks To Resume On November 29th
  8. Iran Nuclear Deal (BARJAM) Update

Zaher Fallahi, Iran OFAC License Attorney, CPA

Zaher Fallahi, Iran OFAC license attorney, CPA, assists Iran OFAC license clients with obtaining Iran OFAC licenses, Iran OFAC license violations, Iran OFAC license related money transfers according to Iran OFAC License Regulations, and Iran OFAC license transactions taxation, and Foreign Gifts. Nationwide Consultations are available via toll free 1-(877) 687-7558, (310) 719-1040, (714) 546-4272, and email taxattorney@zfcpa.com