By Maya Lester KC & Michael O’Kane

OFAC licence authorising S Korea humanitarian exports to Iran

A South Korean official has reported that South Korea has begun the process of exporting humanitarian aid to Iran under OFAC’s General Licence 8, with the first shipments to take place in May 2020. GL 8 authorises humanitarian-related transactions with the Central Bank of Iran, designated under E.O. 13224 (terrorism sanctions), and enhanced due diligence measures are required under the …

IranIran United StatesUnited States South KoreaSouth Korea

About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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