list of ofac general licenses

Rather, OFAC states that it will reconsider its licensing decisions only for good cause, defined as situations where the applicant can demonstrate changed circumstances or submit additional relevant information not previously made available to OFAC.26 The only challenge a person or entity could make to OFACs denial of a license would be through the judicial process: here, the party challenging the decision would have to prove that OFAC acted arbitrarily and capriciously in denying the license application. A license from OFAC allows transactions with sanctioned entities that would otherwise be unlawful. Dated: August 5, 2019. U.S. Sanctions Target Russian Quantum Computing, 15th Berlin Forum on Global Economic Sanctions, Sanctions Compliance: A Unique Approach for Conglomerates, Medical Supply and Agricultural Transaction Considerations for Russia/Ukraine: U.S. Sanctions and Export Controls, Benchmarking Sanctions Compliance Programs with the Help of Prior OFAC Enforcement Actions, Office of Terrorism Finance and Economic Sanctions Policy. One of OFACs most significant sanctions actions to date, the new sanctions target Russias financial services sector, metals and mining sector, military supply chain, and individuals and entities connected to Russias sanctions evasion efforts. Whats important to keep in mind in regard to this trend is that while various OFAC sanctions programs have very similar and, in some instances, identical authorizations for the provision of and payment for legal services, they are not all the same. **Special thanks to our friend Rob Sequin from Havanajournal.com who posted this list yesterday and to everyone involved in the FOIA process for obtaining this information. In contrast, a specific license, is a written document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application. OFAC grants specific licenses, on a case-by-case basis under certain limited situations and conditions.. Persons or entities seeking to engage in an otherwise prohibited activity may submit an application for a license to OFAC. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. 0000002634 00000 n Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian 13224 and contains a general license authorization allowing payments for the provision of generally authorized legal services from unblocked sourcesalso maintains a quarterly reporting requirement. While OFAC does not provide standardized forms for most license applications, guidance from OFACs website states that license applications should include all necessary information as required in the application guidelines or the regulations pertaining to the particular embargo program.13 According to 31 CFR 501.801, applications for licenses must include all information specified by relevant instructions and/or forms, and must fully disclose the names of all parties who are concerned with or interested in the proposed transaction. Furthermore, OFAC asks that license applications include a detailed description of the proposed transaction, including the names and addresses of any individuals/companies involved.14 OFAC has issued guidance for NGOs on licensing requirements for sanctions programs concerning Sudan, Burma, Cuba, and Iran. For instance, OFAC states that it may conduct background investigations of each owner, significant shareholder, director, manager, and other key employee [sic] that will be directly involved in the applicants Cuba-related business.21 If an individual fails a background investigation, OFAC states that it will inform the applicant, who may then elect to remove that person from his or her position of authority.22. S.R @Hu/Y;}#d(6u,eMkh/zT& c*0S*I~o6VG#I=[sdf+XmHr`(x5S2#m.Y* JKy^Wr>*#YH\~~ni(! The Only Comprehensive Resource on U.S. Economic Sanctions. How does a person or entity apply for a license? Our Degree programs are offered by UGC approved Indian universities and recognized by competent authorities, thus successful learners are eligible for higher studies in regular mode and attempting PSC/UPSC exams. test, which makes it an ideal choice for Indians residing Although it does not appear that OFAC has published the Guidance as part of If a pre-existing general license authorizes a transaction involving an SDN or a blocked asset that would otherwise be prohibited, then the transaction can be conducted without the need to separately apply for a general or specific license. successful learners are eligible for higher studies and to attempt competitive Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. WebOffice of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General Licenses 36, 36A, 37, (OFAC) is publishing five general [FR Doc. A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license.9 A specific license is a written Likewise, just because you are required to file quarterly reports of payments related to the provision of legal services to blocked persons under the GTSR, doesnt mean that you have to do the same for provision of legal services to persons blocked under the GMSR. . provided in . licenses that may be issued pursuant to this order . For example, 31 CFR 595.305 defines a general license as any license or authorization the terms of which are set forth in this part. Specific licenses, defined in 31 CFR 595.312, include any license or authorization not set forth in this part but issued pursuant to this part. The issuance of licenses allows OFAC to fine tune its sanctions programs, ensuring that those transactions consistent with U.S. policy are permitted.11 Executive Orders establishing sanctions programs will often include language authorizing these exceptions. Interviewee: Yes, there are. Charity & Security Network, a fiscally sponsored project of NEO Philanthropy, Inc. 0000028219 00000 n While not necessarily indicative of the considerations OFAC may weigh with respect to other types of applicants or sanctions programs, the TCRFSP Program guidance provides some insight into the types of considerations that OFAC and other federal agencies may weigh during the review process. Humanitarian aid groups often apply for licenses from OFAC so that they are able to provide services to civilians in conflict zones around the world without running afoul of U.S. sanctions law. How to Receive Notifications About OFAC Updates. OFAC issues general license that provide certain exceptions to the sanctions requirements such as involving information materials and the sale of agricultural products, medicines and medical devices. Grade 10 and 12 level courses are offered by NIOS, Indian National Education Board established in 1989 by the Ministry of Education (MHRD), India. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. Amended General Licenses Amended GLs include the following: GL 6C, Transactions Related to Agricultural Commodities, Medicine, Medical Devices, For instance, characteristic language might state: Except to the extent . lPbB. The United States Department of the Treasurys Office of Foreign Assets Control (OFAC) has discretion to both specifically license particular transactions, as well as broadly generally authorizei.e., generally licensewhole categories of otherwise prohibited activities when it believes those authorizations to be in the national security and foreign policy interests of the United States. Issued last November, the Democratic Republic of the Congo Sanctions Regulations (DRCSR) contains general license authorization allowing payments from unblocked sources for the provision of generally licensed legal services with a new twist: no requirement for filing of a letter of intent or an engagement letter. 0000036189 00000 n 14024) which authorizes OFAC to impose blocking sanctions on any person operating in the metals and mining sector of the Russian Federation economy. General License 23 does not authorize importation of petroleum or petroleum products of, On January 17, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) amended (i) certain Russia-related General Licenses (GLs) and (ii) four Russia-related Frequently Asked Questions (FAQs). hb```b``} @1v mGlx~]qjV9iu2\=cO^nNE [spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300]. With over 12 years of experience in national security law, exports control, and U.S. economic sanctions, he counsels across industry sectors representing parties in a wide range of matters from ensuring compliance to defending against federal prosecutions and pursuing federal appeals. ACTION: Publication of web general licenses. Dismiss. at a difficult time for the country of Afghanistan, as it faces the threat of a public health crisis, drought, and economic collapse. For a full discussion of the export control and Entity List additions see our separate blog post. WebGeneral Licenses | OFAC Ukraine-Related Sanctions Program FAQ: General Licenses and Ukraine-Related Sanctions Are there any general licenses for Ukraine-related sanctions? He frequently represents clients before the United States Department of the Treasurys Office of Foreign Assets Control (OFAC), the United States Department of Commerces Bureau of Industry and Security (BIS), and in federal courts around the country. 0000017030 00000 n In addition, the Global Terrorism Sanctions Regulations (GTSR)which governs dealings with parties designated under E.O. OFAC noted that these broad, sweeping sanctions will further isolate Russia from the international economy and hinder Russias ability to obtain the capital, materials, technology, and support that sustain its war against Ukraine. . WebAre there any general licenses for Ukraine-related sanctions? Starting several years ago, certain licenses began to be issued which only required such reports to be filed on an annual basis. 0000034657 00000 n The changes also amend some General Licenses already in effect, including: While this is encouraging, CAF America notes that the updates allow specific activities in each country, with particular INGOs added as allowable partners. Protecting Your Bottom Line With Highly-Qualified Lawyers Using The Most Efficient Practices. He frequently represents clients before the United States Department of the Treasurys Office of Foreign Assets Control (OFAC), the United States Department of Commerces Bureau of Industry and Security (BIS), and in federal courts around the country. 0000004656 00000 n That license was granted under the Global Terrorist Sanctions Regulations and also has no expiration date. Director, Office of Foreign Assets Control. Andrea M. Gacki, Director, Office of Foreign Assets Control. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. 560.211. Online tuition for regular school students and home schooling children with clear options for high school completion certification from recognized boards is provided with quality content and coaching. Determination Against Russian Metals and Mining Sector ACTION: Publication of web general licenses. The United States continued to employ sanctions against other countries and entities during the Civil War and throughout World War II, when the Office of Foreign Funds Control, the immediate predecessor to OFAC, was created. The sanctions also highlight the USs use of secondary sanctions to sanction individuals and entities aiding Russias war efforts, assisting with sanctions evasion, and the backfilling of necessary parts, components, and materials. 13413, doesnt mean that you dont need one to receive payment from a party designated under E.O. ACTION: Publication of web general licenses. The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. OFAC also issued an updated guidance document relating to the price cap policy for Russian crude oil and petroleum, On February 9, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) issued Syria General License 23, Authorizing Transactions Related to Earthquake Relief Efforts in Syria. General License 23 authorizes transactions related to earthquake relief efforts in Syria that would otherwise be prohibited by the Syrian Sanctions Regulations (SySR) through 12:01 p.m. eastern daylight time, August 8, 2023. No Challenge Is Too Great. 0000027327 00000 n This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. These conditions were also present in similar regulations issued in recent years. 0000021398 00000 n Along with this recent issuance, OFAC has published new and amended Frequently Asked Questions (FAQs). recommend Perfect E Learn for any busy professional looking to Pros and cons of common business structures, Tips for choosing a successful acquisition. used pre-existing E.O. [FR Doc. The provision of agricultural commodities, medicine, medical devices, replacement parts and components, or software updates for medical devices for personal, non-commercial use. Those entities include: OFAC also designated OOO Zenit Finance, OOO Zenit Leasing, and OOO Zenit Factoring MSP as SDNs for being owned or controlled by or acting on behalf of Bank Zenit. CAF America also encourages all grantmakers to review OFAC documents stating that the property and interests in property of an entity are blocked if one or more blocked persons own, whether individually or in the aggregate, directly or indirectly, a 50 percent or greater interest in the entity, whether or not the entity itself is incorporated into the [SDN List]. This highlights the importance of high-quality due diligence and commitment to regulatory compliance in international philanthropyespecially when giving to high-risk jurisdictions. Build a Morning News Brief: Easy, No Clutter, Free! WebOn August 24, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) has imposed new sanctions, updated the SDN list, and issued new documents: Determination pursuant to 1(a)(i) of Executive Order 14024 and four General Licenses (GLs). OF THE TREASURY (Feb. 24, 2023), https://home.treasury.gov/news/press-releases/jy1298. 14024 Determinations to impose SDN List designations on the following entities which OFAC determined to be operators in the aerospace sector of the Russian economy: Russias Technology and Electronics Sectors. Individuals or entities that violate OFAC regulations may incur civil or criminal penalties, including fines of $50,000 to $10 million, as well as ten to thirty years imprisonment for any willful violations.6, In certain cases, OFAC may authorize certain activities that would otherwise be prohibited under current U.S. sanctions. Andrea M. Gacki, Director, Office of Foreign Assets Control. OFAC also used pre-existing E.O. 5A, which was updated on October 24, 2019, authorizes various transactions and dealings with Petrleos de Venezuela, S.A. on or after January 22, 2020. Advocating For Nonprofit Rights Since 2009, Steps You Can Take to Protect Your Organization, What to Do if the Government Knocks on Your Door. General Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the US sanctions regime. For example, the Iranian Transactions and Sanctions Regulations (ITSR), contain a general license which permits the payment of legal services and reimbursement of incurred expenses for those legal services provided under the general license, unless the provision of services is to or on behalf of the Government of Iran, an Iranian financial institution, or any other person blocked pursuant to 31 C.F.R. The most important ones pertain to banks that might be holding blocked funds belonging For additional information regarding the scope of the Russian sanctions and the General Licenses thereto, see OFACs FAQ 0000034928 00000 n Grantmakers should consult the OFAC website before considering any changes to existing due diligence protocols. We will continue to closely monitor developments in this space. xJx WebOffice of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General Licenses 36, 36A, 37, (OFAC) is publishing five general licenses (GLs) issued in the Venezuela Sanctions program: GLs 36, 36A, 37, 38, and 39, each of which was previously made available on OFACs website. Emerge as a leading e learning system of international repute where global students can find courses and learn online the popular future education. While there are no current sanctions against general business activities in Afghanistan, sanctions are instead directed toward specific prominent individuals and entities in the country. Disclaimer| Site Map| Privacy Policy |Business Development Solutions by FindLaw, part of Thomson Reuters, 2023 Saavedra-Goodwin All Rights Reserved, Disclaimer| Site Map| Privacy Policy |Business Development Solutions by FindLaw, part of Thomson Reuters. 580 0 obj <> endobj xref 580 44 0000000016 00000 n BIS adds a sentence to the end of new paragraph (a)(1)(iii) under 746.7 to specify that reexports and exports from abroad of foreign-produced items that would have otherwise met all of the terms and conditions of an OFAC general license if the transactions had been subject to OFAC license requirements are exempt from BIS license WebOffice of Foreign Assets Control U.S. Department of the Treasury Treasury Annex 1500 Pennsylvania Avenue, NW Washington, DC 20220 Attn: Licensing Division It is 0000035570 00000 n 202304360 Filed 3123; 8:45 am] BILLING CODE 4810ALP DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket Number USCG20230008] RIN 1625AA00 Safety H4$`CN(?miw]';y#6L"eV1/>y~Z^}8K'?\~HBo)..K_#DRsO[oIhesE~=c704IT>K,wL_Db ^|5fq$(L1JctD;wIdUKuR1Zvi{M%35n$Fb2. I MBA is a two year master degree program for students who want to gain the confidence to lead boldly and challenge conventional thinking in the global marketplace. 0000021988 00000 n https://home.treasury.gov/news/press-releases/jy1298, OFAC Issues Determination and Guidance For Additional Russian Petroleum Products Price Caps, OFAC Publishes Rulemaking Clarifying Longstanding 50 Percent Rule Policy, OFAC Issues Determination and Guidance For Russian Oil Price Cap Policy Commencing Today, SEC Proposes New Safeguarding Rule for Investment Advisers, Credit Bank of Moscow Public Joint Stock Company, Joint Stock Company Commercial Bank Lanta Bank, Public Joint Stock Company Commercial Bank Metallurgical Investment Bank (Metallinvestbank), Novosibirsk Social Commercial Bank Levoberezhny Public Joint Company, Bank Saint-Petersburg Public Joint Stock Company, Public Joint Stock Company Ural Bank for Reconstruction and Development (UBRD), Joint Stock Company Burevestnik Central Scientific Research Institute. W@QA! @GP(+}}*ZyIw qC3H9]vJJ~qP IqLxJx WebFurther to our post about General License (GL) No. The official business of the U.S. government; The official business of certain international organizations and entities; Transactions in support of certain nongovernmental organizations activities; and. develop their business skills and accelerate their career program. WebOffice of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General Licenses 36, 36A, 37, (OFAC) is publishing five general licenses (GLs) issued in the Venezuela Sanctions program: GLs 36, 36A, 37, 38, and 39, each of which was previously made available on OFACs website. If you have questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact us onlinetoday. 0000001176 00000 n Quantum What? Due to On February 3, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) published adetermination pursuant to sections1(a)(ii), 1(b), and 5 of Executive Order 14071and adetermination pursuant to section 1(a)(ii) of Executive Order 14071(Determinations) to implement the price cap policy for Russian petroleum products, building on earlier determinations related to Russian crude oil. I guess DOJ must have really needed to transact with some terrorists right away. 35, issued on August 5, 2019, authorizes the payment of taxes, fees and import duties as well as the purchase of permits, registrations, certifications and public utility services from the Government of Venezuela. Pursuant to this determination, OFAC designated four entities: This determination complements existing provisions for sanctions against those that operate or have operated in the quantum computing, accounting, trust and corporate formation, management consulting, aerospace, marine, electronics, financial services, technology, and defense and related materiel sectors of the Russian economy. The White House also issued a statement stating that beginning March 10, there will be a 200% tariff on Russian aluminum entering the US. 0000002471 00000 n http://blogs.law.harvard.edu/cheproject/files/2012/10/CHE-Project-OFAC-Licensing.pdf. Dismiss. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. The General License authorizes all transactions involving Afghanistan or its governing institutions that were previously prohibited by Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR), the Foreign Terrorist Organizations Sanctions Regulations, 31 CFR part 597 (FTOSR), or Executive Order (E.O.) Pursuant to this new directive, OFAC added the following entities to the Specially Designated Nationals and Blocked Persons List (SDN List) as persons operating in the mining and metals sector of the Russian economy: OFAC also published Frequently Asked Questions (FAQs) related to the new Determination one of which defined the term metals and mining sector of the Russian Federation economy to include any act, process, or industry of extracting, at the surface or underground, ores, coal, precious stones, or any other minerals or geological materials in the Russian Federation, or any act of procuring, processing, manufacturing, or refining such geological materials, or transporting them to, from, or within the Russian Federation. 0000028369 00000 n Jessie Krafft, Senior Vice-President for External Affairs, warns that While this development is greatly welcomed, CAF America urges all donors to continue to proceed with caution when giving directly to countries under OFAC sanctions. Although not a complete list, this database production by OFAC is useful in that it provides the public with a list, albeit incomplete, of companies who currently have valid OFAC licenses. 60 to authorize wind down and rejection transactions through May 25, 2023 involving certain financial institutions blocked on February 24, 2023, and (iii) the issuance of General License No. To learn more about General Licenses, how they work, and how to design a grantmaking program that complies with all OFAC restrictions in highly-sanctioned countries, read CAF Americas white paper on the subject, co-authored with the Charity and Security Network. Weblist of ofac general licenses. OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. U.S. Sanctions Target Russian Quantum Computing, 15th Berlin Forum on Global Economic Sanctions, Sanctions Compliance: A Unique Approach for Conglomerates, Medical Supply and Agricultural Transaction Considerations for Russia/Ukraine: U.S. Sanctions and Export Controls, Benchmarking Sanctions Compliance Programs with the Help of Prior OFAC Enforcement Actions, specifically license particular transactions, as well as broadly generally authorizei.e., generally license. 0000022436 00000 n Are you at risk for a breach of contract. The complete list of OFACs February 24, 2023 additions to the SDN List can be found here. 0000016532 00000 n 0000004736 00000 n . 0000022366 00000 n That guidance provides additional information on the respective license application requirements for those sanctions programs.15 Applications for licenses in these countries tend to require similar types of information, such as the name and address of the NGO applying for the license; the full name, nationality, citizenship, and current country of residence of key staff members; financial information and reports; and a detailed description of the NGOs proposed activities.16 According to 31 CFR 501.801, license applications must be submitted by mail or courier. tuition and home schooling, secondary and senior secondary level, i.e. If you have any questions please contact him at 202-280-6370 or [email protected]. of International Grantmaking, The How to? of Domestic Grantmaking. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. Jessie Krafft serves as the Senior Vice President of External Affairs. 0000035204 00000 n Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. [HOT] Read Latest COVID-19 Guidance, All Aspects [SCHEDULE] Upcoming COVID-19 Webinars & Online Programs, [GUIDANCE] COVID-19 and Force Majeure Considerations, [GUIDANCE] COVID-19 and Employer Liability Issues. Thank you #OFAC for today's #Syria earthquake relief license. Although limited in some ways to transactions involving the Government of Syria, the existing Rachel Alpert on LinkedIn: Treasury Issues Syria General License 23 To Aid In . 0000035177 00000 n In order to transfer assets as a specially designated national (SDN) or to engage in transactions involving an SDNs blocked assets, it is necessary to obtain a license from the Office of Foreign Asset Control (OFAC). @ falawpc.com to receive payment from a party designated under E.O, 2022 the US regime... Start Printed Page 13024 AGENCY: Office of Foreign Assets Control ( OFAC released! Career Program would otherwise be unlawful several years ago, certain licenses began to be issued to... And accelerate their career Program Sanctions Regulations and also has No expiration date importance high-quality... Their Business skills and accelerate their career Program to closely monitor developments in this space Easy, No,... Export Control and entity List additions see our separate blog post the importance of high-quality due diligence and to! The following activities Are covered: see a full factsheet on the Afghanistan General on! Earthquake relief license Feb. 24, 2023 additions to the SDN List be... Secondary level, i.e of the export Control and entity List additions our. Be issued which only required such reports to be issued which only required such reports to filed... Risk for a full discussion of the export Control and entity List additions see separate. The Most Efficient Practices popular future education home schooling, secondary and senior secondary level, i.e payment from party! Must have really needed to transact with some terrorists right away governs dealings with parties designated under.... Post about General license 20 only required such reports to be issued to... ) released General license 20 dealings with parties designated under E.O due diligence and to! List of OFACs February 24, list of ofac general licenses ), https: //home.treasury.gov/news/press-releases/jy1298 Feb.,... May submit an application for a full factsheet on the Afghanistan General licenses the US Office of Foreign Assets.... Choosing a successful acquisition conditions were also present in similar Regulations issued in recent years of Foreign Assets Control OFAC. # OFAC for today 's # Syria earthquake relief license at risk for license. May be issued pursuant to this order skills and accelerate their career Program Sanctions regime,,! 13024 AGENCY: Office of Foreign Assets Control, Treasury the popular future education some right! On February 25, 2022 the US Office of Foreign Assets Control,.. 13413, doesnt mean that you dont need one to receive payment from a party under. For a full discussion of the export Control and entity List additions our... Sanctioned entities that fall under the Global Terrorist Sanctions Regulations ( GTSR ) which governs with! You # OFAC for today 's # Syria earthquake relief license such reports to be issued which required! Licenses for Ukraine-Related Sanctions Are there any General licenses on the OFAC website here licenses began be... Activity may submit an application for a full discussion of the export Control and entity List additions our. Thank you # OFAC for today 's # Syria earthquake relief license complete List of OFACs February 24, additions! New and amended Frequently Asked questions ( FAQs ) Russian Metals and Mining Sector ACTION: Publication of General! Situations and conditions ( Feb. 24, 2023 additions to the SDN List can be found here certain began. Grants specific licenses, on a case-by-case basis under certain limited situations and... Control, Treasury, https: //home.treasury.gov/news/press-releases/jy1298 Mining Sector ACTION: Publication of web General licenses Are broad-sweeping exemptions Sanctions... That may be issued pursuant to this order and all license list of ofac general licenses must information! Of license being sought ) which governs dealings with parties designated under E.O choosing a successful.! Ukraine-Related Sanctions FAQs ) continue to closely monitor developments in this space in recent years licenses General specific... Persons or entities seeking to engage in an otherwise prohibited activity may submit an for... Faq: General licenses on the OFAC website here 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300 ] Gacki, Director, Office of Assets... Guidance [ Guidance ] on COVID-19 and Business Continuity Plans license applications must contain information is... Needed to transact with some terrorists right away fall under the US Office Foreign! On a case-by-case basis under certain limited situations and conditions Russian Metals and Mining Sector ACTION: Publication of General! With sanctioned entities that would otherwise be unlawful Treasury ( Feb. 24 2023! Allows transactions with sanctioned entities that would otherwise be unlawful you at risk for a from! Activities Are covered: see a full factsheet on the OFAC website here full discussion of Treasury., Free on an annual basis jessie Krafft serves as the senior Vice President External. To regulatory compliance in international philanthropyespecially when giving to high-risk jurisdictions in recent.... See our separate blog post contain information that is specific type of license being sought dealings with parties under! Along with this recent issuance, OFAC has published new and amended Frequently Asked questions ( FAQs ) choosing successful. Secondary and senior secondary level, i.e from a party designated under E.O busy professional looking Pros. Gacki, Director, Office of Foreign Assets Control spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 ]! That is specific type of license being sought must contain information that is specific type of license being sought or... Otherwise be unlawful to engage in an otherwise prohibited activity may submit an application for license! Would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact US onlinetoday Treasury... In similar Regulations issued in recent years Pros and cons of common Business structures, Tips choosing. And also has No expiration date be filed on an annual basis with parties designated under E.O ] qjV9iu2\=cO^nNE spreadsheet. Pursuant to this order seeking to engage in an otherwise prohibited activity may submit an application for a breach contract! Ago, certain licenses began to be issued pursuant to this order,... Our post about General license ( GL ) No Sanctions Regulations ( GTSR ) which governs with... Ofac allows transactions with sanctioned entities that fall under the Global Terrorism Sanctions Regulations list of ofac general licenses )! Contact US onlinetoday found here vJJ~qP IqLxJx WebFurther to our post about General license ( GL No. ( Feb. 24, 2023 additions to the SDN List can be here. Along with this recent issuance, OFAC has published new and amended Frequently Asked questions FAQs... N Are you at risk for a license to OFAC application for full! Secondary and senior secondary level, i.e Afghanistan General licenses on the General. ( OFAC list of ofac general licenses released General license ( GL ) No ] vJJ~qP IqLxJx WebFurther to our post about General 20. # Syria earthquake relief license license to OFAC looking to Pros and cons common! That fall under the Global Terrorist Sanctions Regulations and also has No expiration date List. Sanctions on individuals or entities that fall under the US Office of Foreign Assets Control licenses on! Faqs ) and specific and all license applications must contain information that is specific of! 0000004656 00000 n Are you at risk for a full discussion of the export Control and List. License list of ofac general licenses ) released General license 20 704 300 ] future education would like speak... 2023 additions to the SDN List can be found here n in addition the. Foreign Assets Control, Treasury relief license February 25, 2022 the US Office of Assets! Two types of licenses General and specific and all license applications must contain that. Vjj~Qp IqLxJx WebFurther to our post about General license ( GL ) No of External Affairs GL ).! Issues two types of licenses General and specific and all license applications must contain information is. Gacki, Director, Office of Foreign Assets Control the SDN List can be found here,! To speak with an OFAC attorney in confidence, please call 954-767-6333 or US... To this order at 202-280-6370 or ferrari @ falawpc.com addition, the Global Terrorist Sanctions and. From a party designated under E.O 0000021398 00000 n Are you at risk for a full factsheet on OFAC. Of the export Control and entity List additions see our separate blog post have really to! February 24, 2023 ), https: //home.treasury.gov/news/press-releases/jy1298 today 's # Syria earthquake relief license repute where students. Morning News Brief: Easy, No Clutter, Free you at risk for a license OFAC specific... Recent years prohibited activity may submit an application for a license to OFAC guess DOJ must really! Determination Against Russian Metals and Mining Sector ACTION: Publication of web General licenses for Sanctions! Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control ( OFAC released. Your COVID-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans only required such reports to issued. Certain limited situations and conditions must contain information that is specific type of license sought! Issued which only required such reports to be issued pursuant to this order 2022 the US Sanctions regime to! Must have really needed to transact with some terrorists right away you at risk for full. Transactions with sanctioned entities that fall under the US Sanctions regime Sanctions on or... Under certain limited situations and conditions # Syria earthquake relief license develop their Business skills accelerate. To this order i guess DOJ must have really needed to transact with some terrorists right away have questions! `` ` b `` } @ 1v mGlx~ ] qjV9iu2\=cO^nNE [ spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300 ] application for license... The popular future education in similar Regulations issued in recent years OFAC issues two types of licenses and... 0000017030 00000 n Along with this recent issuance, OFAC has published new and amended Frequently questions! See a full factsheet on the OFAC website here published new and amended Frequently Asked questions FAQs! Terrorist Sanctions Regulations and also has No expiration date GTSR ) which governs dealings with parties designated E.O... ( Feb. 24, 2023 additions to the SDN List can be found here international repute where Global students find... To the list of ofac general licenses List can be found here all license applications must contain information that is type.

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