CT-GL-8A

Summary

General License No. 8A authorizes certain transactions and activities involving the Central Bank of Iran (CBI), the National Iranian Oil Company (NIOC), or any entity in which NIOC owns a 50 percent or greater interest, that are otherwise prohibited under the Global Terrorism Sanctions Regulations (GTSR) or the Iranian Transactions and Sanctions Regulations (ITSR). The authorized transactions include those described in ITSR general licenses at sections 560.530(a) and (b), 560.532, and 560.533, as well as ordinarily incident and necessary activities and transactions authorized under specific licenses issued pursuant to those sections. This license replaces and supersedes General License No. 8, dated February 27, 2020, effective October 26, 2020.

Authorized activities

• Transactions and activities described in the general licenses set forth at sections 560.530(a) and (b), 560.532, and 560.533 of the ITSR involving CBI, NIOC, or any entity in which NIOC owns a 50 percent or greater interest
• Transactions and activities ordinarily incident and necessary to the above that are authorized under section 560.516 of the ITSR or consistent with section 560.405 of the ITSR
• Transactions and activities authorized under any specific license issued pursuant to sections 560.530, 560.532, or 560.533 of the ITSR

Conditions

This license does not authorize the exportation or reexportation of goods set forth in 560.530(a)(1)(ii) of the ITSR to the CBI, NIOC, or any entity in which NIOC owns, directly or indirectly, a 50 percent or greater interest. It also does not authorize any transactions or activities otherwise prohibited by the ITSR, the GTSR, Executive Order 13224 of September 23, 2001, as amended by Executive Order 13886 of September 9, 2019, or any other part of 31 C.F.R. chapter V. Any transactions still prohibited by the ITSR, notwithstanding this general license, must be separately licensed pursuant to the ITSR.