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OFAC Issues General License G Authorizing Certain Activity of U.S. Depository Institutions related to Iranian Universities and Students

by Michael A. Mancusi
Kilpatrick Townsend & Stockton LLP - Washington Office

Kevin M. Toomey
Kilpatrick Townsend & Stockton LLP - Washington Office

March 28, 2014

Previously published on March 20, 2014

On March 20, 2014, the Department of Treasury’s Office of Foreign Assets Control issued Iranian General License G (“GL G”), which primarily authorizes U.S. academic institutions to operate exchange agreements with Iranian universities, but also authorizes certain related activity of U.S. depository institutions.


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