OFAC issued a general license permitting all U.S. persons to sell inherited property or property that had been acquired prior to that person becoming a US person. There is need to apply for a specific license from OFAC for the sale of property acquired PRIOR to becoming a U.S. person or for the sale of inherited property.Submit certain compliance documents to your bank prior to each incoming wire transfer is necessary Non-commercial personal remittances (gift or inheritance) to and from Iran are generally licensed and therefore do not require separate authorization from OFAC. We submit appropriate compliance documents to the appropriate department of your U.S. bank so that the bank is aware of the source and legality of the transfer