Iran

The Department of Treasury, Office of Foreign Assets Control (OFAC), has the primary authority to regulate sanctions under the Iranian Transactions and Sanctions Regulations (ITSR) under 31 CFR Part 560.

Additionally, the Department of State’s Office of Economic Sanctions Policy and Implementation is responsible for enforcing and implementing a number of U.S. sanctions programs that restrict access to the U.S. for companies that engage in certain commercial activities in Iran. More information on U.S. relations with Iran can be found on the Department of State website for Iran Sanctions.

In sum, the ITSR will generally require authorization from OFAC for any U.S. person who wishes to conduct any transaction or engage in any activity with the country of Iran, or specially sanctioned individuals or entities under the ITSR. This can include foreign travel to Iran for research or conferences, as well as conducting official University activities with Iranian nationals located both inside and outside of the country of Iran.

Additionally, nearly all technology, software, defense articles, or defense services, will likely require a license from the Bureau of Industry and Security (BIS) or the Directorate of Defense Trade Control (DDTC) prior to being transferred or released to Iran or Iranian nationals.

For more information on the ITSR or if you intend on conducting any UNC-Chapel Hill business with entities or individuals located in Iran, please contact the Export Compliance Office.