GL-L
ActiveAuthorizing Certain Transactions Involving Iranian Financial Institutions Blocked Pursuant to Executive Order 13902
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Summary
General License L authorizes transactions and activities involving Iranian financial institutions blocked pursuant to Executive Order 13902, provided those transactions are already authorized, exempt, or otherwise not prohibited under the Iranian Transactions and Sanctions Regulations (ITSR), 31 C.F.R. part 560. This includes transactions and activities authorized by a general or specific license issued pursuant to the ITSR. The license does not extend to transactions that remain prohibited by the ITSR, E.O. 13902, or any other part of 31 C.F.R. chapter V.
Authorized activities
- Transactions and activities authorized, exempt, or otherwise not prohibited under the ITSR (31 C.F.R. part 560) involving Iranian financial institutions blocked pursuant to E.O. 13902
- Transactions and activities authorized by a general or specific license issued pursuant to the ITSR
Conditions
This license does not authorize any transactions or activities that are otherwise prohibited by the ITSR, E.O. 13902, or any other part of 31 C.F.R. chapter V. Additionally, per the note, E.O. 13902 prohibitions do not apply to persons conducting or facilitating transactions for the provision (including sale) of agricultural commodities, food, medicine, or medical devices to Iran pursuant to Section 11 of E.O. 13902.