345. How can U.S. companies arrange for payment from Iran for exports authorized under General License (GL) D-2?

In general, the payment requirements under GL D-2 are the same as for all other general licenses under the Iranian Transactions and Sanctions Regulations (ITSR).  Section 560.516 of the ITSR authorizes U.S. depository institutions to process transfers of funds to or from Iran, or for the direct or indirect benefit of persons in Iran or the Government of Iran, if the transfer arises from, and is ordinarily incident and necessary to give effect to, an underlying transaction that has been authorized by a specific or general license issued pursuant to the ITSR and does not involve debiting or crediting an Iranian account. 31 C.F.R. § 560.516(a).

Date Updated: January 11, 2023