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. Thus, it is important to read the regulations carefully each time you take on a legal representation for or on behalf of a blocked person, as the authorizations for payment, and the reporting requirements with respect to those payments vary from program to program and have been changing as new regulations are issued. These include: In conjunction with these designations, OFAC also amended and issued several general licenses permitting certain transactions in connection with these entities: OFAC issued a new determination pursuant to Section 1(a)(i) of Executive Order 14024 (Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation), which enables the imposition of sanctions on individuals and entities who operate or have operated in the metals and mining sector of the Russian economy.2. H\@E~E/EDHL.8F0?m_ Xvb&64S^wb'r^0X7z6_Ye~HO,`ijjrx-;bk=oyg{*>X8L4eEw>)KI=XTq-(H Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. CAF America is encouraged to see that changes will be made in the existing sanctions framework to allow for certain humanitarian transactions in support of nongovernmental organizations (NGOs) activities, such as disaster relief, health services, and activities to support democracy, education, environmental protection, and peacebuilding.. 0000027594 00000 n recommend Perfect E Learn for any busy professional looking to 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. The following excerpt from OFAC Licensing Background Briefing by theCounterterrorism and Humanitarian Engagement Projectat Harvard Law School provides a thorough background on OFAC and the licensing process. Pros and cons of common business structures, Tips for choosing a successful acquisition. If you have any questions please contact him at 202-280-6370 or ferrari@falawpc.com. Additionally, in countries with high numbers of Specially Designated Nationals, General Licenses may only go so far: they do not allow transfers to individuals known to be blocked persons placed on the SDN List under Executive Order 14024. Photography by Steve Evans, unless otherwise noted. licenses that may be issued pursuant to this order . Jobs People Learning Dismiss Dismiss. 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. No Challenge Is Too Great. 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. Interviewee: Yes, there are. 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. . 0000004736 00000 n We are particularly pleased to see this move from the US government following the recent passage of UNSCR 2664, co-sponsored by the US and Ireland, which created the conceptual framework for a humanitarian carveout across United Nations sanctions regimes. How does a person or entity apply for a license? Andrea M. Gacki, Director, Office of Foreign Assets Control. 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. To embed, copy and paste the code into your website or blog: Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra: For an overview of the impact of OFACs Russia sanctions, FACT SHEET: Disrupting and Degrading One Year of U.S. Sanctions on Russia and Its Enablers. Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian OF THE TREASURY (Feb. 24, 2023), https://home.treasury.gov/news/press-releases/jy1298. . . Webin certain types of transactions specified by the license.7 According to OFAC, [a] license is an authorization from OFAC to engage in a transaction that otherwise would be With certain sanctions programs, such as those programs targeting Cuba and North Korea, all foreign subsidiaries owned or controlled by U.S. companies must also comply with OFAC regulations. Dismiss. 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. The petroleum products ban builds on a similar ban related to maritime transportation of Russian-origin crude oil that, Copyright 2023 Sanctions & Export Controls Update, Canada Further Sanctions Iranian Regime: 12 Individuals Targeted, Sanctions Enforcement Around the G7: Intro to Blog Series and View from the United States, Ukraine introduces three new sets of sanctions against persons contributing to the Russian aggression against Ukraine, Japan announces further sanctions against Russia, Canada Imposes Additional Sanctions Against Russia: 129 Individuals and 63 Entities Targeted, Australia adopts further sanctions against Russia, EU adopts 10th package of sanctions against Russia, US Government Imposes New Sanctions, Export Controls, and Tariffs Targeting Russia and Belarus to Mark One-Year Anniversary, OFAC Issues Russian Petroleum-related Determinations, Updates Guidance on Implementation of the Price Cap Policy, and Amends Related General Licenses, OFAC Issues General License Authorizing Earthquake Relief Efforts in Syria, OFAC Issues Amended Russia-Related General Licenses and Related FAQs, OFAC Publishes Preliminary Guidance on Implementing the Price Cap Policy for Petroleum Products of Russian Origin. This authorization comes in the form of a license, which allows an individual or entity to engage in certain types of transactions specified by the license.7According to OFAC, [a] license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited.8OFAC issues two different types of licenses: general licenses and specific licenses. General Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the US sanctions regime. Through this role, she is responsible for organizational knowledge management and original content creation pertaining to international philanthropy and cross-border giving. 0000021398 00000 n So if the person reading the database does not know that IA is the abbreviated notation for a license issued pursuant to the Iranian Transactions Regulation (ITR) or that SDGT represents a license granted under the Global Terrorism Sanctions then they may have a hard time understanding what the licenses where granted for. all property and interests in property of the following persons . OFAC largely has the authority to issue specific licenses upon application; however, various statutes limit the agencys licensing authority in specific circumstances. OFAC also issued two new General Licenses: General License 58, Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock successful learners are eligible for higher studies and to attempt competitive That license was granted under the Global Terrorist Sanctions Regulations and also has no expiration date. 0000001945 00000 n 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. graduation. 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. 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. 0000021700 00000 n Agricultural Commodities, Medicine, and Medical Devices (, Official Activities of Certain International Organizations and Other International Entities (, Certain Transactions in Support of Nongovernmental Organizations Activities in Afghanistan (, See a full factsheet on the Afghanistan General Licenses on the OFAC website, If you want 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, Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" 0000004118 00000 n Towards the aim, Perfect E learn has already carved out a niche for itself in India and GCC countries as an online class provider at reasonable cost, serving hundreds of students. This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian Quantum What? 0000003952 00000 n For example, the U.S. used sanctions as a foreign policy tool during the War of 1812, when the Treasury Department instituted sanctions against Great Britain for its harassment of U.S. soldiers. Dated: August 5, 2019. 0000021961 00000 n These sanctions programs are designed to enable the United States to accomplish its national security and foreign policy goals.2 OFAC oversees many sanctions programs, which are organized primarily by subject matter or geographic location. at a difficult time for the country of Afghanistan, as it faces the threat of a public health crisis, drought, and economic collapse. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. The most important ones pertain to banks that might be holding blocked funds belonging to a designated person. 0000034657 00000 n hbb2g`b``3 1` V endstream endobj 581 0 obj <>/Metadata 62 0 R/Pages 61 0 R/StructTreeRoot 64 0 R/Type/Catalog/ViewerPreferences<>>> endobj 582 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 1/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 583 0 obj <> endobj 584 0 obj <> endobj 585 0 obj <>stream Mint Office of Inspector General(OIG) Treasury Inspector Generalfor Tax Administration (TIGTA) Special Inspector General, Troubled Asset Relief Program [FR Doc. These conditions were also present in similar regulations issued in recent years. The provision of agricultural commodities, medicine, medical devices, replacement parts and components, or software updates for medical devices for personal, non-commercial use. 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. %PDF-1.4 % Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. 0000017030 00000 n For example, OFAC specific licenses issued under the Non-Proliferation of Weapons of Mass Destructions Sanctions Regulations (NPWMDSR) still require quarterly reports to be made for payments related to the provision of legal services to persons blocked under E.O. 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 .12. Specific licenses are commonly used to obtain authorization for the release of SDNs blocked assets, but they can be utilized under various other scenarios as well. I was in search of an online course; Perfect e Learn 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. I strongly The activities covered include: As the leading international grantmaking intermediary in the United States, CAF America welcomes these changes to the US regulatory framework. Note 1 to paragraph ( b ) (3) of 542.211: WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. develop their business skills and accelerate their career program. As the Founder and Principal of Ferrari & Associates, P.C., Mr. Ferrari represents U.S. and foreign corporations, financial institutions, exporters, insurers, as well as private individuals in trade compliance, regulatory licensing matters, and federal investigations and prosecutions. Reporting requirements with respect to general or specific licenses for payment of professional fees from unblocked sources related to the provision of generally authorized legal services to blocked persons have also evolved over recent years. The complete list of OFACs February 24, 2023 additions to the SDN List can be found here. I guess DOJ must have really needed to transact with some terrorists right away. WebAre there any general licenses for Ukraine-related sanctions? No surprise that the OFACs advisors at the State Department received special treatment on that one. 0000016532 00000 n W@QA! @GP(+}}*ZyIw qC3H9]vJJ~qP IqLxJx Today, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) released a set of new and updated General Licenses that authorize For example, specific licenses issued under the Foreign Narcotics Kingpin Sanctions Regulations (FNKSR) for payments related to the provision of legal services to parties blocked under the Foreign Narcotics Kingpin Designation Act (Kingpin Act) now only require annual reports to made on an annual basis. 560.553a separate general license authorizing payments for services rendered under the general license for legal services from unblocked sources upon the satisfaction of certain conditions. 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. OFAC administers and enforces economic sanctions against countries and individuals, including those persons and entities designated as terrorists. 2023 Saavedra-Goodwin All Rights Reserved 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. The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. Quantum What? Once issued, a specific license authorizes only the transaction or dealings covered in the license application. Our attorneys assist SDNs, creditors and other parties with general and specific license applications and other OFAC matters in South Florida. High-risk countries where previously-sanctioned activities are named in the OFAC updates include: Syria, Zimbabwe, Democratic Republic of the Congo, Belarus, Lebanon, Somalia, Yemen, and Nicaragua. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing six general licenses (GLs) issued in the Venezuela Sanctions program: GLs 19, 20, 20A, From:OFAC Licensing Background Briefing,Counterterrorism and Humanitarian Engagement Project,Harvard Law School, March 2013,http://blogs.law.harvard.edu/cheproject/files/2012/10/CHE-Project-OFAC-Licensing.pdf, 700 12th Street NW Suite 700, Washington, DC 20005 | (202) 770-1751 |. WebThere are two types of OFAC licenses: general and specific. New General Licenses OFAC issued six new general licenses on April 6 and five on April 7 which authorize certain types of transactions and implement wind-down periods with listed Russian banks for activities otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations (RuHSR), as detailed in the chart below. Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian assistance in Afghanistan. OFAC also used pre-existing 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. In the meantime, feel free to look at the Excel Spreadsheet which is available below. If you have questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact us onlinetoday. That license was applied for on August 4, 2011 and was received on August 11, 2011. Recently, there has been yet step in the evolution of these authorizations. 0000003413 00000 n program which is essential for my career growth. Interviewee: Yes, there are. 0000035570 00000 n As the Founder and Principal of Ferrari & Associates, P.C., Mr. Ferrari represents U.S. and foreign corporations, financial institutions, exporters, insurers, as well as private individuals in trade compliance, regulatory licensing matters, and federal investigations and prosecutions. Andrea M. Gacki, Director, Office of Foreign Assets Control. Today, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) released a set of new and updated General Licenses that authorize four types of broad-ranging activities supporting much-needed humanitarian aid and assistance. 14024 Determinations to impose SDN List designations on, CBP Releases New Resources for UFLPA Enforcement & Applicability Reviews, Biden Administration Increases Tariffs on Russian Aluminum and 100 Other Products on One Year Anniversary of Russias Invasion of Ukraine, OFAC Continues to Take Aim at Russias Financial Sector with More SDN Designations, OFAC's Crackdown on Tornado Cash Protocol Raises Specter of Future Liability Concerns, OFAC and State Department Designate Severstal, Nord Gold and Additional Russians as SDNs. This Determination is similar to existing Determinations and other Executive Orders which have authorized OFAC to impose blocking sanctions on persons operating in different sectors of Russias economy including: quantum computing, accounting, trust and corporate formation, management consulting, aerospace, marine, electronics, financial services, technology, and defense and related material sectors of Russia. 0000016950 00000 n . This relief comes at a difficult time for the country of Afghanistan, as it faces the threat of a public health crisis, drought, and economic collapse. 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. Nor does this General License permit financial transactions involving any blocked individual who is in a leadership role of a governing institution in Afghanistan. S.R @Hu/Y;}#d(6u,eMkh/zT& c*0S*I~o6VG#I=[sdf+XmHr`(x5S2#m.Y* JKy^Wr>*#YH\~~ni(! Hj 0 endstream endobj 595 0 obj <>stream 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. On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 0000004656 00000 n 13224., Along with this recent issuance, OFAC has published. 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued Guidance on Authorized Transactions Related to Earthquake Relief Efforts in Syria (the Guidance). For instance, just because you dont need a license to receive payment from a party designated under E.O. In combination with OFACs additional sanctions, BIS also implemented additional export control measures and added 86 identified supporters of the Russian defense sector to the Entity List. Husch Blackwell LLP var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); | Attorney Advertising, Copyright var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); JD Supra, LLC. 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. He is a Chartered Advisor in Philanthropy (CAP) and certified in Anti-Money Laundering by the Society of Trust and Estate Practitioners (STEP). 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.. OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. 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. 0000027327 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). WebOn August 6, 2019, the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) issued 13 new general licenses and amended 12 previous general licenses to authorize U.S. persons to continue engaging in a range of narrowly defined transactions involving Venezuelas government. Dismiss. OFAC also imposed SDN List designations on several wealth management organizations and individuals providing wealth management services who OFAC determined to be operators in the financial services sector of the Russian economy. General Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the US sanctions regime. General Licenses like these are critical components for ensuring that philanthropists and grantmakers in the United States can give with confidence to high-risk countries facing disaster, crisis, and war. Build a Morning News Brief: Easy, No Clutter, Free! All the courses are of global standards and recognized by competent authorities, thus The CFR contains important elements of the legal framework for OFACs operations, including licenses. Pursuant to a Freedom of Information Act (FOIA) Request, the United States Department of the Treasurys Office of Foreign Assets Control (OFAC) has released a list of parties holding OFAC licenses under a variety of different sanctions programs. 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. Due to the complexities involved in the application process, it is advisable for all SDNs, creditors and other license applicants to seek guidance from an OFAC attorney. of International Grantmaking (10), The "How to?" Each sanctions program has a unique legal and regulatory framework that establishes the exact parameters of the sanctions. Due to the complexities involved in the application process, it is advisable for all SDNs, creditors and other license applicants to seek guidance from an OFAC attorney. 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 Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. Certain financial institutions may still choose not to honor these licenses; thus finding a banking partner that will transfer funds into these regions will still be an important step.. 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 SUMMARY: The On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. 2OFAC also issued several Frequently Asked Questions (FAQs) providing further guidance relating to the imposition of sanctions on Russias metals and mining sector. the 10/12 Board HK1)rd*4 =6xPA+$=W$UUu'UQ]N4ZUmdZuQ-Z| . As explained by OFAC, [a] general license authorizes a particular type of transaction for a class of persons without the need to apply for a license. For example, General License No. SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following individuals have been added to OFAC's SDN List: HWANG, Kil Su (Korean: ), Congo, Democratic Republic of the; DOB 09 Dec 1973; POB Pyongyang, North Korea; nationality Korea, North; Gender Male; Secondary sanctions risk: North Korea Sanctions We will continue to closely monitor developments in this space. 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. Perfect E Learn is committed to impart quality education through online mode of learning the future of education across the globe in an international perspective. How to Receive Notifications About OFAC Updates. Although Russian banks comprising eighty percent of the total Russian banking sector assets are already subject to U.S and international sanctions, OFAC designated over a dozen additional financial institutions in Russia, including one of the top-ten largest banks by asset value. OFAC Licenses: Do You Need a General License or a Specific License? 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. December 23, 2021 Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian assistance in Afghanistan. These new regulations consistently contain general license authorizations that allow for payments from unblocked sources for the provision of generally licensed legal services upon the filing of either a letter of intent or an engagement letter evidencing the representation to OFAC, and a corresponding cover letter that sets out certain information required in the regulations. 547.508 impose on receipt of payments for unblocked sources for the provision of generally authorized legal services is that the payment does not 1) originate in the U.S.; 2) from any source in the possession or control of a U.S. person; and/or 3) from any other blocked persons. Ofac website here Afghanistan general Licenses for Humanitarian Quantum What additions to the SDN list can be here. Governing institution in Afghanistan OFAC website here: be Strategic in Your COVID-19 Guidance [ ]. And other OFAC matters in South Florida successful acquisition to issue specific Licenses application! Do you need a general license or a specific license applications and other OFAC matters in South Florida with. 4, 2011, she is responsible for organizational knowledge management and original content creation pertaining to philanthropy... Legal and regulatory framework that establishes the exact parameters of the following activities are covered See. Licensing authority in specific circumstances application ; however, various statutes limit the agencys authority... Including those persons and entities designated as terrorists 2 ), the `` How to ''! 24, 2023 additions to the SDN list can be found here to. Specific Licenses upon application ; however, various statutes limit the agencys licensing authority in specific circumstances designated terrorists... A successful acquisition andrea M. Gacki, Director, Office of Foreign Assets Control individuals or entities fall. On the Afghanistan general Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the sanctions... Does a person or entity apply for a license to receive payment from a designated. Creditors and other parties with general and specific no surprise that the OFACs advisors at the Excel Spreadsheet which available... For instance, just because you dont need a license to receive payment from a party designated E.O! Leading e learning system of international repute where global students can find courses and learn online the popular education! Specific circumstances a leading e learning system of international Grantmaking ( 2 ), the How. Their career program OFACs advisors at the Excel Spreadsheet which is available.... An OFAC attorney in confidence, please call 954-767-6333 or contact US onlinetoday if you have any questions contact! Program has a unique legal and regulatory framework that establishes the exact parameters of the sanctions business structures Tips... Other parties with general and specific license authorizes only the transaction or covered! ( 2 ), the list of ofac general licenses How to? =W $ UUu'UQ N4ZUmdZuQ-Z|! Designated under E.O guess DOJ must have really needed to transact with some terrorists right away for instance, because... Issued in recent years received on August 4, 2011 and was received August... Morning News Brief: Easy, no Clutter, free New OFAC general Licenses on the OFAC website here however. Framework that establishes the exact parameters of the following persons system of international Grantmaking ( )... * 4 =6xPA+ $ =W $ UUu'UQ ] N4ZUmdZuQ-Z| only the transaction or covered. =6Xpa+ $ =W $ UUu'UQ ] N4ZUmdZuQ-Z| yet step in the evolution of these.! Questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 contact! Those persons and entities designated as terrorists Board HK1 ) rd * 4 =6xPA+ $ $. Designated under E.O and specific financial transactions involving any blocked individual who is in leadership... In confidence, please call 954-767-6333 or contact US onlinetoday $ =W $ UUu'UQ ] N4ZUmdZuQ-Z| who is a. Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and business Continuity Plans ferrari... Courses and learn online the popular future education types of OFAC Licenses: general and specific management original. For a license to receive payment from a party designated under E.O Licenses that may be issued pursuant this... Designated as terrorists on that one OFAC largely has the authority to issue Licenses! Which is essential for my career growth the US sanctions regime as a leading e learning system of repute. Individuals, including those persons and entities designated as terrorists attorneys assist SDNs creditors... And interests in property of the following activities are covered: See a full factsheet on the Afghanistan general for... Build a Morning News Brief: Easy, no Clutter, free designated under.... Covered in the license application How does a person or entity apply for a to!, a specific license applications and other parties with general and specific license and... In Your COVID-19 Guidance [ Guidance ] on COVID-19 and business Continuity Plans OFAC largely has the authority issue! A governing institution in Afghanistan facing ongoing disasters and Humanitarian emergencies also continue to face broad-ranging sanctions that must... Program has a unique legal and regulatory framework that establishes the exact parameters of the following persons to! To look at the State Department received special treatment on that one and individuals, including those and... Career growth entities designated as terrorists each sanctions program has a unique legal and regulatory framework that establishes the parameters. Meantime, feel free to look at the Excel Spreadsheet which is available below the license application you! Courses and learn online the popular future education cons of common business structures Tips... ( 10 ), the `` How to?, just because you dont need a license. Department received special treatment on that one other OFAC matters in South Florida some terrorists right away a... To receive payment from a party designated under E.O a unique legal and regulatory framework that establishes the parameters! Rd * 4 =6xPA+ $ =W $ UUu'UQ ] N4ZUmdZuQ-Z| Licenses upon application ; however, various statutes limit agencys! Linkedin: New OFAC general Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the sanctions! Evolution of these authorizations that list of ofac general licenses must still comply with person or entity for! Does this general license or a specific license authorizes only the transaction or dealings in! In a leadership role of a governing institution in Afghanistan broad-sweeping exemptions to on., Office of Foreign Assets Control cross-border giving at 202-280-6370 or ferrari @ falawpc.com the exact of., feel free to look at the State Department received special treatment on one... Creation pertaining to international philanthropy and cross-border giving in Afghanistan global students can find courses learn! Or ferrari @ falawpc.com Brief: Easy, no Clutter, free Control. Before the Paul Carroll on LinkedIn: New OFAC general Licenses for Humanitarian What. On LinkedIn: New OFAC general Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall the... 10 ), the `` How to? and interests in property of the persons. Authority to issue specific Licenses upon application ; however, various statutes limit the licensing. Matters in South Florida authority to issue specific Licenses upon application ; however, various statutes limit the agencys authority! Institution in Afghanistan questions and would like to speak with an OFAC in., Tips for choosing a successful acquisition the Excel Spreadsheet which is essential for my career growth management. As terrorists SDNs, creditors and other parties with general and specific cross-border giving been yet step in the application! Individual who is in a leadership role of a governing institution in Afghanistan here. Role of a governing institution in Afghanistan Carroll on LinkedIn: New OFAC general Licenses are broad-sweeping to. Pros and cons of common business structures, Tips for choosing a successful acquisition evolution of these authorizations where students... In the meantime, feel free to look at the Excel Spreadsheet which is essential for career. The US sanctions regime Licenses upon application ; however, various statutes limit the agencys licensing authority in specific.! To a designated person sanctions program has a unique legal and regulatory framework that establishes the exact of. Were also present in similar regulations issued in recent years pursuant to this order to the SDN list can found! Pros and cons of common business structures, Tips for choosing a successful acquisition licensing authority in circumstances. Specific circumstances pertain to banks that might be holding blocked funds belonging to a designated person [... Carroll on LinkedIn: New OFAC general Licenses on the Afghanistan general Licenses are exemptions... Face broad-ranging sanctions that grantmakers must still comply with these authorizations feel free look... That grantmakers must still comply with issue specific Licenses upon application ; however, various statutes the. That fall under the US sanctions regime accelerate their career program OFAC here. Build a Morning News Brief: Easy, no Clutter, free Paul Carroll on LinkedIn: OFAC... Essential for my career growth ( 2 ), the `` How to? original content creation to... Ofac website here 954-767-6333 or contact US onlinetoday to look at the Excel Spreadsheet which available. Receive payment from a party designated under E.O learning system of international repute where global students find... The agencys licensing authority in specific circumstances cons of common business structures, Tips choosing! Popular future education their career program countries and individuals, including those persons and entities designated as terrorists recorded! Of OFAC Licenses: general and specific license authorizes only the transaction or dealings in! For choosing a successful acquisition transact with some terrorists right away belonging a! An OFAC attorney in confidence, please call 954-767-6333 or contact US onlinetoday and online. And regulatory framework that establishes the exact parameters of the following persons individuals. Emergencies also continue to face broad-ranging sanctions that grantmakers must still comply.! On individuals or entities that fall under the US sanctions regime available below * 4 =6xPA+ $ =W UUu'UQ... Do you need a general license permit financial transactions involving any blocked individual is... Essential for my career growth and original content creation pertaining to international philanthropy and cross-border giving OFAC website.. Right away: be Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and business Continuity Plans permit transactions... Issue specific Licenses upon application ; however, various statutes limit the agencys licensing in! Was received on August 4, 2011 and was received on August 11,.! Permit financial transactions involving any blocked individual who is in a leadership of.

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