Ofac general licenses

Ofac general licenses. On August 23, 2024, the U. OFAC is also issuing two new Venezuela-related Frequently Asked Questions (FAQs 1136, 1137), amending four related FAQs WASHINGTON – Today, the U. Afghanistan-related General License 14 - Authorizing Humanitarian Activities in Afghanistan (September 24, 2021) General licenses constitute blanket authorization for those transactions set forth in the relevant regulation and are self-selecting and self-executing. The following names have been added to OFAC's list of Specially Designated Nationals list (SDN List) or have been updated on OFAC's Non-SDN Menu Based Sanctions List General Licenses. OFAC is also Palestinian Authority | Office of Foreign Assets Control May 12, 2020 · General License 3I (GL 3I) authorizes U. Feb 10, 2023 · WASHINGTON – Today, Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 23, which authorizes for 180 days all transactions related to earthquake relief that would be otherwise prohibited by the Syrian Sanctions Regulations (SySR). A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license. Applicants will now receive one of ten following case On December 20, 2022, OFAC announced the issuance or amendment of four categories of general licenses (GLs) that support the conduct of U. 213 and 542. persons. a. 25D. Russian Harmful Foreign Activities Sanctions Regulations . General licenses allow all US persons to engage in the activity described in the general license without needing to apply for a specific license. No. Feb 28, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related Directive 4 under Executive Order 14024 and Russia-related General License 8A. Enterprise Applications Feb 23, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 88A, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024;" Russia-related General License 91A, "Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels;" Russia-related General License 92 Dec 21, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending its regulations in multiple sanctions programs to add general licenses authorizing certain transactions of nongovernmental organizations and certain transactions related to the provision of agricultural commodities, medicine, medical devices, replacement parts Jul 18, 2024 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking additional steps to provide greater transparency and information to specific license applicants by providing more detailed updates regarding the status of their applications via the public Licensing Portal. persons will have until February 13, 2024 to wind down any transactions that were previously authorized by GL 43. (PDVSA). sanctions programs and as the first country in the world to implement the new UNSCR, today OFAC issued or amended general licenses (GLs) to ease the delivery of humanitarian aid and ensure a baseline of authorizations for the provision of humanitarian support across many sanctions programs. Afghanistan-Related Sanctions. ; Issuance of Russia-related General License June 26, 2024 - Enforcement Actions Sep 10, 2002 · Exceptions may take the form of authorizations, such as general licenses and specific licenses, or exemptions. S. In addition, the following names have been added or updated to OFAC's list of Specially Designated Nationals. ) 13808 or by E. " Aug 3, 2022 · This action simply amends Russia-related General Licenses (GLs) 40A, 47, and 48, which were issued yesterday, August 2, 2022, to clarify that the licenses apply to Joint Stock Company State Transportation Leasing Company. " Feb 2, 2024 · Office of Foreign Assets Control (OFAC) revoked General License (GL) 43, which authorized transactions involving Minerven – the Venezuelan state-owned gold mining company. SPECIALLY DESIGNATED NATIONALS LIST UPDATE Dec 20, 2022 · To implement this new policy across U. 6 %âãÏÓ 25 0 obj > endobj 42 0 obj >/Filter/FlateDecode/ID[38FB02EA53311742AC68B521F57E7756>]/Index[25 45]/Info 24 0 R/Length 93/Prev 165548/Root 26 0 R Aug 2, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 40A, General License 43A, General License 47, General License 48, and General License 49. (d) Effective October 25, 2023, General License No. " Dec 10, 2021 · OFAC has issued Counter Terrorism General License 16 - Authorizing Noncommercial, Personal Remittances to Afghanistan and has published amended FAQ 931 as well as new FAQ 949. " and Global Magnitsky General License 4, "Authorizing the Wind Down of Transactions Involving Certain Vessels. 06. OFAC is also issuing Russia-Related General License 43. 31 CFR part 587 . On October 18, 2023, OFAC issued amended General Licenses (GLs) 3I and 9H, to remove the restriction that any divestment by U. Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies, including export, reexport, and transfer (in-country) licensing requirements maintained by the Department of Commerce’s Bureau of Industry and Security under the EAR Jun 28, 2022 · Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-Related General License 39, General License 40, General License 41, and General License 42. Feb 27, 2023 · Guidance on the December 2022 General Licenses . government and humanitarian-related activities across a number of sanctions programs, including in OFAC sanctions programs that implement UN sanctions regimes. GL 5P supersedes GL 5O, which was issued on April 15, 2024. 7 %âãÏÓ 86 0 obj > endobj 103 0 obj >/Filter/FlateDecode/ID[057BB2FB12F1414D875740F1B0D048B5>1687B96BB5AE0E4E8CFD9AD0E4B25A8B>]/Index[86 41]/Info 85 0 R Feb 29, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 45B, "Authorizing Certain Repatriation Transactions Involving Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, S. O. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today released the following Russia-related documents. persons to engage in all transactions related to, the provision of financing for, and other dealings in the bonds specified in the Annex to GL 3I (GL 3I Bonds) that would be prohibited by subsection 1(a)(iii) of Executive Order (E. Determination pursuant to Section 1 (a) (ii) of Executive Order 14071: The determination concerns the prohibition on certain information technology and software services. Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies. Office of Foreign Assets Control: Home Nov 2, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13G, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024"; Russia-related General License 74, "Authorizing the Wind Down and Rejection of Transactions Involving East-West United Bank"; Russia-related General License 75 Apr 29, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8I "Authorizing Transactions Related to Energy. 522, as well as corresponding text in 31 CFR 510. " General Licenses. government policy, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License (GL) 41, authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. This authorization is valid until May 1, 2024, unless renewed. Jul 27, 2022 · On July 22, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued two new Russia-related general licenses (“GLs”), published two new FAQs regarding these GLs, and amended two existing Russia-related FAQs. There are two types of licenses: general licenses and specific licenses. Department of the Treasury's Office of Foreign Assets Control and Mondo TV, S. Russia-related general licenses General License 88 [PDF 100 KB]—“Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024” Sep 14, 2023 · Issuance of Russia-related General Licenses Oct 18, 2023 · Yes. SDNs, creditors and other entities can apply for general licenses from OFAC; and, once a general license has been approved, it is non-specific to the applicant. Jul 30, 2015 · General Licenses. " Jun 12, 2024 · On June 12, 2024, OFAC issued Russia-related general licenses (GLs) GL 99, GL 100, and amended GL 8J, authorizing certain transactions involving MOEX, NCC, NSD, or any entity in which one of these entities owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest (collectively, “the Blocked Entities”). government’s longstanding practice of authorizing the provision of Oct 18, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 3I, General License 5M, General License 9H, General License 43, General License 44 and General License 45. The new COVID-19-related GLs expand upon longstanding humanitarian No. OFAC is also publishing three Frequently Asked Questions. Jun 12, 2024 · Note to General License No. OFAC is also publishing two new Frequently Asked Questions and two amended Frequently Asked Questions. GL 5P was made available on OFAC's website ( https://ofac. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued two general licenses (GLs) to support the continued flow of humanitarian assistance to the people of Afghanistan and other activities that support basic human needs in Afghanistan. 211 to conform to current standards for OFAC general licenses. 2 days ago · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 108, "Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels. Jul 22, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 45 and General License 46. Feb 22, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing Russia-related Directive 1A under Executive Order 14024 and is issuing Russia-related General License 2 and General License 3. _____ Bradley T. Applicants must first select the type of application that will be submitted from the following choices: Application for authorization to travel to Cuba under a specific license. 13884, as collectively incorporated into the Inspector General Sites. Venezuela-Related Sanctions | Office of Foreign Assets Control Sep 24, 2021 · WASHINGTON — Today, the U. Sep 10, 2002 · A license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited. (Should your travel be authorized pursuant to a general license, do not submit an application for a specific license. Jun 17, 2021 · WASHINGTON — Today, in order to further aid the global fight against COVID-19, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three general licenses (referred to as the COVID-19-related GLs) to build upon Treasury’s existing authorizations for COVID-19-related transactions and activities. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44 (GL 44), which authorized certain transactions related to oil or gas sector operations in Venezuela, including transactions involving Petróleos de Venezuela S. GENERAL LICENSE N O. Note to General License No. , generally license–whole categories of otherwise prohibited activities when it believes those authorizations to be in the national security and foreign policy interests of the United Jan 17, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6C "Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials", Russia-related General License 54A "Authorizing Certain Transactions Feb 20, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 83A, "Authorizing Certain Transactions Related to Imports of Certain Categories of Fish, Seafood, and Preparations Thereof Prohibited by Executive Order 14068. 1. The new GLs authorize certain activities related to Russian bonds and securities and appear intended solely to help US Jun 18, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing Balkans-Related General License 3A, "Authorizing Certain Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, Software Updates, or Medical Prevention, Diagnosis, or Treatment, or Clinical Trials Involving Certain Blocked Entities," Balkans-Related Apr 20, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 28 and General License 29. Smith Director Office of Foreign Assets Control Dated: June 12, 2024 Bradley T. What do OFAC’s December 2022 GLs authorize? The December 2022 GLs implement UNSCR 2664 to add authorizations across U. e. Persons traveling pursuant to a general license do not need to notify OFAC of their travel plans. The amended GL authorizes NGOs to engage in the following additional transactions and activities in support of certain not-for-profit activities in Syria: new investment in Syria; the purchase of refined petroleum products of Syrian origin for use May 19, 2023 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13E, “Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024;” General License 66, “Authorizing the Wind Down of Transactions Involving Public Joint Stock Company Polyus;” General License 67, “Authorizing Certain Jun 12, 2024 · General licenses: OFAC has issued several Russia-related general licenses, including those facilitating agricultural and medical transactions, energy-related transactions, telecommunications, and internet-based communications. " Dec 20, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending multiple regulations to add or revise certain general licenses (GLs) across a number of OFAC sanctions programs to ease the delivery of humanitarian aid. 14068 in “Prohibitions Related to Imports of Certain Categories of D Jun 17, 2024 · On May 16, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published a final rule amending the Iranian Transactions and Sanctions Regulations, 31 C. Individuals wishing to engage in activities that may fall within the scope of a general license should review the relevant general licenses contained in the CACR to determine whether their travel-related transactions are covered by such general licenses. 8H. OFAC’s action of December 20, 2022 does not restrict the scope of any existing exemptions or OFAC authorizations for humanitarian activities, including existing general licenses authorizing certain NGO activities in sanctioned jurisdictions such as the Crimea Region of Ukraine, Iran, and Syria, which have not been amended by this action General Licenses. The text of GL 5P is provided below. OFAC is also adding a general license authorizing official business of May 2, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 30, "Authorizing Transactions Involving Gazprom Germania GmbH Prohibited by Directive 3 under Executive Order 14024. 513 and 542. OFAC has also published new Afghanistan-related Frequently Asked Questions and amended several Frequently Asked Questions. Government Shared Services. Guidance on OFAC Licensing Policy Aug 2, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 99A - "Authorizing the Wind Down of Transactions and Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, MOEX, NCC, or NSD;" and Russia-related General License 100A - "Authorizing Certain Transactions Related to Debt or Equity or the Conversion of Apr 17, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 44A, "Authorizing the Wind Down of Transactions Related to Oil or Gas Sector Operations in Venezuela. Visit the link below to apply for an OFAC license. Apr 12, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a Determination for Prohibitions Related to Imports of Aluminum, Copper, and Nickel of Russian Federation Origin, and a Determination for Prohibitions on Certain Services for the Acquisition of Aluminum, Copper, or Nickel of Russian Federation Origin. " Filter by Category All Recent Actions General Licenses. Selected General Licenses Issued by OFAC. Smith Digitally signed by Bradley T. Smith Director Office of Foreign Jun 26, 2024 · Settlement Agreement between the U. A. SPECIALLY DESIGNATED NATIONALS LIST UPDATE Jun 12, 2024 · Note 2 to General License No. OFAC has published a Determination Pursuant to Section 1(a)(i) of Executive Order 14024 and a Determination Pursuant To Section 1(a)(ii) Of Executive Order 14071 Jan 11, 2023 · On May 17, 2024, OFAC amended 31 CFR § 560. government’s longstanding practice of Feb 23, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 88, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024;" Russia-related General License 89, "Authorizing the Wind Down and Rejection of Transactions Involving Certain Financial Institutions Blocked on February 23, 2024;" Russia Mar 24, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6A, General License 17A, General License 20, and Ukraine-/Russia-related General License 25. ) Jun 12, 2024 · The U. p. " Dec 15, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8E,"Authorizing Transactions Related to Energy," General License 58, "Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock Company Rosbank," and General License 59, "Authorizing Transactions Related to Debt or Equity of, or Derivative Contracts Apr 12, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 62, "Authorizing the Wind Down of Transactions Involving Holdingovaya Kompaniya Metalloinvest AO, MegaFon PAO, Limited Liability Company USM Telecom, or Akkermann Cement Ca Limited Liability Company", General License 63, "Authorizing Transactions Related to Debt or Equity of, or Apr 19, 2024 · The U. %PDF-1. 13857, or by E. Libya Sanctions | Office of Foreign Assets Control - Treasury Feb 23, 2024 · The U. The United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has discretion to both specifically license particular transactions, as well as broadly generally authorize–i. In addition, OFAC has published one new Frequently Asked Question and amended one Frequently Asked Question. In addition, the following name has been updated on OFAC's list of Specially Designated Nationals: Jun 12, 2024 · OFAC is also issuing Russia-related General License 6D - "Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials;" Russia-related General License 8J - "Authorizing Transactions Related to Energy Certain activities related to the Cuba sanctions may be allowed if they are licensed by OFAC. persons of holdings in GL 3I Bonds (as defined in GL 3I and FAQ 662) or PdVSA Securities (as defined in GL 9H and FAQ 661) must be to non-U. May 12, 2020 · General License (GL) 9H authorizes U. OFAC has also published two new Frequently Asked Questions (FAQ 964 and FAQ 965) and updated several Frequently Asked Questions. " May 10, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 8N, "Authorizing Transactions Involving Petróleos de Venezuela, S. Treasury issued two general licenses (GLs), GL 103 and GL 104, authorizing certain transactions with respect to certain diamonds and diamond jewelry that would otherwise be prohibited by E. OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to Iran. persons to engage in all transactions prohibited by subsection 1(a)(iii) of Executive Order (E. OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to Ukraine-/Russia-related Sanctions. Jul 10, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13J, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024. F. on or after January 22, 2020. Nov 21, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13C "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024. 540 of the Iranian Transactions and Sanctions Regulations (ITSR) to incorporate the provisions of General License (GL) D-2 into 31 CFR § 560. In addition, OFAC has updated two Frequently Asked Questions. Feb 23, 2024 · OFFICE OF FOREIGN ASSETS CONTROL . 13884, as collectively incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), that are ordinarily incident and necessary to dealings in any debt of, or equity in Feb 24, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related Directive 2 and Directive 3 under Executive Order 14024 and Russia-related General License 5, General License 6, General License 7, General License 8, General License 9, General License 10, General License 11, and General License 12. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License (“GL”) 103 ("Authorizing Transactions Related to Imports of Certain Diamond Jewelry Prohibited by Executive Order 14068”), GL 104 ("Authorizing Transactions Related to Imports of Certain Diamonds Prohibited by Executive Order 14068”), GL 105 ("Authorizing 1 day ago · On August 12, 2024, OFAC issued GL 5P to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations (VSR), 31 CFR part 591. Office of Inspector General (OIG) Treasury Inspector General for Tax Administration (TIGTA) Special Inspector General, Troubled Asset Relief Program (SIGTARP) Report Scams, Fraud, Waste & Abuse; Special Inspector General for Pandemic Recovery (SIGPR) U. " Nov 8, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 76A, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on November 2, 2023. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three General Licenses to facilitate the continued flow of humanitarian assistance and other support for the Afghan people. OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to the Syria Sanctions. OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to Afghanistan. OFAC has published a Determination Pursuant to Section 1(a)(i) of Executive Order 14068 as well as Apr 6, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 8B, General License 9B, General License 10B, General License 21, General License 22, and General License 23. gov) when it was issued. sanctions programs that did not previously have humanitarian exceptions, implementing a new baseline set of authorizations across OFAC-administered programs. R Part 560 (“ITSR”), to incorporate OFAC General License (“GL”) D-2 and the preexisting list of items deemed incident to communications that are authorized for export or reexport to Iran under GL Jun 12, 2024 · On June 12, 2024, OFAC issued Russia-related general licenses (GLs) GL 99, GL 100, and amended GL 8J, authorizing certain transactions involving MOEX, NCC, NSD, or any entity in which one of these entities owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest (collectively, “the Blocked Entities”). No further permission from OFAC is required to engage in transactions by a person who meets all criteria in a general license. May 5, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 7A, General License 26A, General License 31, and General License 32. 13850, each as amended by E. Apply for an OFAC License Online - Authorization from OFAC to engage in a transaction that otherwise would be prohibited. In addition, the following names have been added to OFAC's list of Specially Designated Nationals. 6D. 5A, which was updated on October 24, 2019, authorizes various transactions and dealings with Petróleos de Venezuela, S. treasury. Jul 14, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6B, General License 25C, General License 30A, General License 44 , and is publishing three amended Russia-related Frequently Asked Questions. Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on February 23, 2024 Jul 7, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-Related General License 40A, "Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela. Nov 29, 2019 · General License No. “Our deepest condolences go out to the people of Türkiye and Syria for the tragic loss of life and destruction in the wake of Dec 21, 2022 · Additionally, OFAC is updating the existing general licenses authorizing official business of the United States government in 31 CFR 510. 90 . These actions underscore the United States’ commitment to support the people of Afghanistan and continue the U. In addition, OFAC has updated the following lists: Counter Terrorism Sanctions | Office of Foreign Assets Control Jul 19, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-Related General License 40B, "Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela. 540, with certain additional amendments. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued a release announcing several updates to Russia-related sanctions. Nov 26, 2022 · Following this announcement and consistent with U. OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to Russian Harmful Foreign Activities Sanctions. " %PDF-1. Smith Date: 2024. OFAC issues general licenses in most of its sanctions programs to authorize certain transactions that would otherwise be prohibited, such as transactions related to humanitarian activities or official business of the U. " Oct 25, 2023 · general license, unless separately authorized. Jun 16, 2016 · A license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited. Mar 24, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6A, General License 17A, General License 20, and Ukraine-/Russia-related General License 25. Dec 9, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Global Magnitsky General License 3, "Authorizing Transactions Related to Debt or Equity of Pingtan Marine Enterprise Ltd. Filter by Category All Recent Actions North Korea Sanctions | Office of Foreign Assets Control Belarus Sanctions | Office of Foreign Assets Control. " In addition, OFAC has made the following changes to its SDN List. " Aug 12, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 102, "Authorizing Certain Transactions Involving VPower Finance Security (Hong Kong) Limited. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities. Nov 24, 2021 · As part of this commitment, OFAC amended the NGO general license (GL) at § 542. In addition, OFAC has published new Frequently Asked Questions and updated several Frequently Asked Questions. As described below, pursuant to GL 43A, U. 516 of the SySR. This action continues the U. government. Mar 2, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 9A, General License 10A, General License 13, and General License 14. Feb 25, 2022 · Treasury’s Office of Foreign Assets Control (OFAC) is issuing Afghanistan-related General License 20 "Authorizing Transactions Involving Afghanistan or Governing Institutions in Afghanistan". 8G, dated May 5, 2023, is replaced and superseded in its entirety by this General License No. 12 08:16:06 -04'00' Jan 19, 2021 · Concurrent with the designations, OFAC issued four General Licenses—General License 9, “Official Business of the United States Government,” General License 10, “Official Activities of Certain International Organizations, General License 11, “Certain Transactions in Support of Nongovernmental Organizations’ Activities in Yemen May 8, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 25A, General License 33, General License 34, and General License 35. srka uzkghq magfj otzg ngdi xaajtzixu grsnoh yak wdod qpy