31 C.F.R. § 535.576
Current through September 30, 2024
Notwithstanding the prohibitions of §§ 535.201 and 535.206(a)(4) , payment of existing non-dollar letters of credit in favor of Iranian entities or any person in Iran by any foreign branch or subsidiary of a U.S. firm is authorized, provided that the credit was opened prior to the respective effective date.
31 C.F.R. §535.576