OFAC Updates List of Medical Devices Requiring Specific Authorization for Export to Iran | Practical Law

OFAC Updates List of Medical Devices Requiring Specific Authorization for Export to Iran | Practical Law

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has released an updated list of medical devices that require specific authorization for export or reexport to Iran under the Iranian Transactions and Sanctions Regulations.

OFAC Updates List of Medical Devices Requiring Specific Authorization for Export to Iran

by Practical Law Commercial Transactions
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has released an updated list of medical devices that require specific authorization for export or reexport to Iran under the Iranian Transactions and Sanctions Regulations.
On February 2, 2017, the Department of the Treasury's Office of Foreign Assets Control (OFAC) released an updated version of the List of Medical Devices Requiring Specific Authorization under the Iranian Transactions and Sanctions Regulations (31 C.F.R. pt. 560). This revised list updates and clarifies the scope of medical devices that are not authorized for exportation or reexportation to Iran under the general license at 31 C.F.R. Section 560.530(a)(3)(i).
For more information on OFAC's Iran sanctions, see Legal Update, Updated: US Eases Sanctions Against Iran.
For more general information on US trade and sanctions rules, see Practice Notes, Export Regulations: EAR, ITAR, and FTR and Export Regulation: OFAC Economic and Trade Sanctions.
For more information on how the US regulates medical devices, see Practice Note, FDA Medical Devices Regulations.