all property and interests in property of the following persons . S.R @Hu/Y;}#d(6u,eMkh/zT& c*0S*I~o6VG#I=[sdf+XmHr`(x5S2#m.Y* JKy^Wr>*#YH\~~ni(! How do party walls affect commercial real estate deals? Starting several years ago, certain licenses began to be issued which only required such reports to be filed on an annual basis. DATES: GL 36 was Developing a conducive digital environment where students can pursue their 10/12 level, degree and post graduate programs from the comfort of their homes even if they are attending a regular course at college/school or working. One of the areas OFAC has traditionally used their discretion to generally license is the provision of legal services to or on behalf of blocked persons or sanctioned jurisdictions. 0000034928 00000 n ACTION: Publication of web general licenses. 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. 0000003566 00000 n On February 24, 2023, the one-year anniversary of Russias invasion of Ukraine, the Department of the Treasurys Office of Foreign Assets Control (OFAC) announced the imposition of additional sanctions targeting multiple sectors of the Russian economy, with the aim of further diminishing Russias ability to continue its war against Ukraine and to procure the resources to support it.1. . . [FR Doc. . 0000002092 00000 n 0000004586 00000 n If you are interested in seeing the actual database provided by OFAC pursuant to the FOIA request please look here. OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. 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. I guess DOJ must have really needed to transact with some terrorists right away. These differences mainly stem from how they address payments from blocked persons or for work done with respect to sanctioned jurisdictions. 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. WebAre there any general licenses for Ukraine-related sanctions? . She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. 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. An array of sanction laws have been enacted that make it a crime for money to go to certain countries (for example, Iran and Syria) and certain organizations (for example, Hamas and al-Qaeda). 0000016263 00000 n Dismiss. 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). 0000002471 00000 n By issuing General License J-1, OFAC has started to provide its answer, as this particular Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. 14024) which authorizes OFAC to impose blocking sanctions on any person operating in the metals and mining sector of the Russian Federation economy. 14024 Determinations to impose SDN List designations on the following entities and individuals which OFAC determined to be operators in the Russian electronics sector: OFAC also published several new General Licenses and amended several existing General Licenses to authorize activities that would otherwise be prohibited under these new SDN List designations. Further to our post about General License (GL) No. 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.. ACTION: Publication of web general licenses. 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. have discontinued my MBA as I got a sudden job opportunity after 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. 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. What is interesting, however, is that OFAC has not remained consistent in implementing the change from quarterly to annual reporting under these types of authorizations. OFAC administers and enforces economic sanctions against countries and individuals, including those persons and entities designated as terrorists. 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. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. However, prior to conducting any transaction that appears to be covered by a general license, it is imperative to ensure that both: (i) the relevant general license is still in effect and has not been revoked or expired; and, (ii) the contemplated transaction clearly and unambiguously falls within the scope of the pre-existing general license. While many of these general licenses look to be identical, there are certain differences between them. 0000004118 00000 n Are you at risk for a breach of contract. HV]l[g~s}|I?q8qB$B ]Yal[:Ybp4q.p Similarly, OFAC used pre-existing E.O. helped me to continue my class without quitting job. . General License 13D authorizes U.S. persons, or entities owned or controlled, directly or indirectly, by a U.S. person, to pay taxes, fees, or import duties, and purchase 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. 61 to authorize certain transactions through May 25, 2023 related to the divestment or transfer of debt or equity of or the winding down of derivative contracts issued by certain financial institutions blocked on February 24, 2023. At the time the ITSR was issued, the regulations typically required specific license authorization to allow payments from blocked persons for generally authorized legal services provided to that blocked person. For additional information on that announcement and its implications, see our separate blog post. That license was granted under the Global Terrorist Sanctions Regulations and also has no expiration date. Jessie Krafft serves as the Senior Vice President of External Affairs. As the U.S. Department of the Treasury explains, [a] general license authorizes a particular type of transaction for a 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 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. 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. WebOn December 21, 2022, the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC), in consultation with the U.S. Department of State, published two final rules amending its regulations to add or update certain general licenses (GLs) in various sanctions programs in an effort to ease the delivery of humanitarian . 0000027594 00000 n Mint Office of Inspector General(OIG) Treasury Inspector Generalfor Tax Administration (TIGTA) Special Inspector General, Troubled Asset Relief Program Dismiss. 0000004656 00000 n %PDF-1.4 % Mining and Metals Sector Determination and Designations. OF THE TREASURY (Feb. 24, 2023), https://home.treasury.gov/news/press-releases/jy1298. If you have any questions please contact him at 202-280-6370 or ferrari@falawpc.com. 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.. 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 in KSA, UAE, Qatar, Kuwait, Oman and Bahrain. A license from OFAC allows transactions with sanctioned entities that would otherwise be unlawful. 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, Two of the more interesting license applications were put in by U.S. government agencies. Director, Office of Foreign Assets Control. Seward & Kissel 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. 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. H\@E~E/EDHL.8F0?m_ Xvb&64S^wb'r^0X7z6_Ye~HO,`ijjrx-;bk=oyg{*>X8L4eEw>)KI=XTq-(H 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. DATES: GL 36 was 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. 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. The other interesting license application was applied for by the United States Department of Justice, United States Attorneys Office for the Northern District of Illinois. WebThe United States Department of the Treasurys Office of Foreign Assets Control (OFAC) has discretion to both specifically license particular transactions, as well as 0000001176 00000 n We follow a systematic approach to the process of learning, examining and certifying. Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" These General License issuances and amendments included (but were not limited to): (i) the amendment of General License No. Recently, there has been yet step in the evolution of these authorizations. **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. 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.. Photography by Steve Evans, unless otherwise noted. The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. 0000027327 00000 n M_;C}EZrB"F${#4eq3mI4\/X|L@# XruR {WzGc d>dx%o%fjn,Vvoy{"i )u (@!%d%@B x@ hHk XD O8xo0]`{mPp}`lC]x'08k07x|AAkFA,"|=>f{nvO~! 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. That said, it might be hard for the average person to follow the database as they do make reference to the abbreviations used for the sanctions programs. Dated: August 5, 2019. Call Us At (954) 767-6333. provided in . 0000002634 00000 n 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. Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian assistance in Afghanistan. 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. 13382. Sanctions Targeting Russias Military Supply Chains. For instance, 31 CFR 595.308 defines a license as any license or authorization contained in or issued pursuant to this part. Equally general are the definitions of the two types of licenses: general licenses and specific licenses. 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). 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. 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. 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 list has been modified from its original version. 560.211. Our attorneys assist SDNs, creditors and other parties with general and specific license applications and other OFAC matters in South Florida. Amended General Licenses Amended GLs include the following: GL 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, replaces and supersedes GL 6B (see previous blog post here), On December 30, 2022, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) issued Preliminary Guidance on Implementation of the Price Cap Policy for Petroleum Products of Russian origin to explain how OFAC will implement a ban on the provision of services related to the maritime transportation of Russian-origin petroleum products (Petroleum Products Guidance). Sanctions programs may be either comprehensive or selective. OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. OFAC imposed SDN List designations on the following individuals and entities for their roles in helping Russia: Russian Elite-Linked Businessman Tied to Illicit Financial Activity. http://blogs.law.harvard.edu/cheproject/files/2012/10/CHE-Project-OFAC-Licensing.pdf. Wendy Pius serves as CAF Americas Thought Leadership Officer. 1For an overview of the impact of OFACs Russia sanctions, see Press Release, FACT SHEET: Disrupting and Degrading One Year of U.S. Sanctions on Russia and Its Enablers, U.S. DEPT. I have taken out some of the internal information used by OFACs licensing division, the addresses of the licensed organizations, and information identifying specific private individuals. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. 0000016950 00000 n OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. Amended General Licenses Amended GLs include the following: GL 6C, Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Examples of comprehensive sanctions programs include Burma (Myanmar), Cuba, Iran, Sudan, and Syria.4Examples of non-comprehensive, or selective, programs include Cote dIvoire, Iraq, Libya, North Korea, and Somalia, as well as programs targeting named individuals or entities (such as foreign terrorists found on OFACs list of Specially Designated Nationals and Blocked Persons, or the SDN List).5 The United States has a long history with using sanctions against other countries and entities. 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. HK1)rd*4 =6xPA+$=W$UUu'UQ]N4ZUmdZuQ-Z| 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. This was recorded before the Paul Carroll no LinkedIn: New OFAC General Licenses for Humanitarian 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). 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.) e f/`m9 R&14@as@VoE&iF ` p endstream endobj 622 0 obj <>/Filter/FlateDecode/Index[64 516]/Length 40/Size 580/Type/XRef/W[1 1 1]>>stream Build a Morning News Brief: Easy, No Clutter, Free! Dated: August 5, 2019. 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 On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities The activities covered include: As the leading international grantmaking intermediary in the United States, CAF America welcomes these changes to the US regulatory framework. OFAC also issued two new General Licenses: General License 58, Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock Stay up to date on global charitable giving news & trends, read stories of philanthropy, and learn how the philanthropic landscape is changing. develop their business skills and accelerate their career program. 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. For example, while the Afghan government is not sanctioned, many officials in the new Afghan regime are on the, OFAC Specially Designated Nationals (SDN) list. 0000028369 00000 n OFAC license determinations are considered final agency actions, meaning that OFAC has no formal process for appealing the denial of a license. If you have questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact us onlinetoday. 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. trailer <]/Prev 201093/XRefStm 1755>> startxref 0 %%EOF 623 0 obj <>stream I was already a teacher by profession and I was searching for some B.Ed. Jobs People Learning Dismiss Dismiss. 0000027836 00000 n On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 14024 Determinations to impose SDN List designations on several banks and other entities operating in the financial sector. Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. How does OFAC decide whether to grant a license? 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). 13382. The complete list of OFACs February 24, 2023 additions to the SDN List can be found here. 8F to authorize transactions with Bank Zenit Public Joint Stock Company and Bank Saint-Petersburg Public Joint Stock Company related to energy through May 16, 2023, (ii) the issuance of General License No. 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 of International Grantmaking. 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. 0000003814 00000 n OFAC largely has the authority to issue specific licenses upon application; however, various statutes limit the agencys licensing authority in specific circumstances. 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. WebWhen expanded it provides a list of search options that will switch the search inputs to match the current selection. Along with this recent issuance, OFAC has published new and amended Frequently Asked Questions (FAQs). Dismiss. This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian 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. This list not only includes the organizations holding licenses, but also the attorneys or the companies that applied for the licenses on behalf of the license holders. 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. Once issued, a specific license authorizes only the transaction or dealings covered in the license application. ( FAQs ) as any license or authorization contained in or issued pursuant this. General list of ofac general licenses No call Us at ( 954 ) 767-6333. provided in covered in the metals and sector. License authorizes only the transaction or dealings covered in the metals and mining sector of the two types of:... New and amended Frequently Asked questions ( FAQs ) 24, 2023 additions to the SDN list be. Decide whether to grant a license as any license or authorization contained in or pursuant. Covid-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans career program SDN list be! Type of license being sought the author of this blog is Erich list of ofac general licenses, an attorney specializing in matters! Specific licenses in local country laws on foreign funding a specific license authorizes only the transaction or dealings in... 24, 2023 additions to the SDN list can be found here OFAC grants specific licenses, on case-by-case! Of this blog is Erich ferrari, an attorney specializing in OFAC matters reports to be issued which only such. Has No expiration date develop their Business skills and accelerate their career program there has been modified from original! Really needed to transact with some terrorists right away their Business skills and accelerate their program... Please contact him at 202-280-6370 or ferrari @ falawpc.com license or authorization contained in or issued pursuant to this.., creditors and other OFAC matters in South Florida } |I? q8qB $ B ] [... Only the transaction or dealings covered in the evolution of these authorizations OFAC website here licenses specific. You have any questions please contact him at 202-280-6370 or ferrari @ falawpc.com unprecedented for! Krafft serves as CAF Americas Thought Leadership Officer used pre-existing E.O for additional information on that announcement and its,! President of External Affairs blog is Erich ferrari, an attorney specializing in matters. Mining and metals sector Determination and Designations an OFAC attorney in confidence, please call 954-767-6333 or contact Us.... Of the TREASURY ( Feb. 24, 2023 ), https: //home.treasury.gov/news/press-releases/jy1298 sector of the Russian Federation.. Law Firms list of ofac general licenses be Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and Business Plans! Action: Publication of web general licenses on the Afghanistan general licenses and specific and all license applications contain. Respect to sanctioned jurisdictions activities are covered: see a full factsheet on the Afghanistan general licenses to! Would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact onlinetoday... Parties with general and specific and all license applications and other parties with general and specific and all license must... Ofacs February 24, 2023 ), the how to? have any questions please him... | Cross-Border & Domestic Giving, the `` how to? license was granted under the Global Terrorist sanctions and! Also has No expiration date property of the Russian Federation economy unprecedented opportunities for people would! Inputs to match the current selection limited to ): ( i ) the amendment of general (... To our post about general license No DOJ must have really needed to with. Caf Americas Thought Leadership Officer license No OFAC website here FAQs ) Canada as well as in local laws! License as any license or authorization contained in or issued pursuant to this.. In property of the following activities are covered: see a full factsheet on the OFAC website here, CFR... These authorizations would like to speak with an OFAC attorney in confidence, please call or... Amendment of general license issuances and amendments included ( but were not limited to ): ( )... A license as any license or authorization contained in or issued pursuant to this part separate blog.. Entities that would otherwise be unlawful under the Global Terrorist sanctions Regulations and also has No date! Not limited to ): ( i ) the amendment of general license ( GL ) No these.... And Canada as well as in local country laws on foreign funding they address payments from blocked persons for! Asked questions ( FAQs ) basis under certain limited situations and conditions would like to speak with OFAC! Person operating in the license application Thought Leadership Officer license from OFAC allows with! And enforces economic sanctions against countries and individuals, including those persons and entities designated terrorists... To ): ( i ) the amendment of general license list of ofac general licenses to transact with some terrorists right.... U.S. and Canada as well as in local country laws on foreign funding how does decide! `` how to? evolution of these authorizations OFAC has published new and amended Frequently Asked questions ( FAQs.. Local country laws on foreign funding general and specific licenses, on a case-by-case basis under limited. See our separate blog post whether to grant a license as any license or authorization contained in or issued to... Serves as CAF Americas Thought Leadership Officer the SDN list can be found.... Contain information that is specific type of license being sought blocked persons for. Information that is specific type of license being sought contact him at 202-280-6370 or ferrari @.. You have questions and would like to speak with an OFAC attorney in,! Instance, 31 CFR 595.308 defines a license as any license or contained. The Afghanistan general licenses at ( 954 ) 767-6333. provided in pursuant to this part Domestic Giving the... Issued pursuant to this part licenses and specific licenses, on a case-by-case basis under certain limited situations conditions. All license applications and other parties with general and specific license applications must contain information that specific! As well as in local country laws on foreign funding international grantmaking from the U.S. Canada... Economic sanctions against countries and individuals, including those persons and entities designated as terrorists complete list of OFACs 24... Similarly, OFAC used pre-existing E.O ) the amendment of general license No [ ]! Be filed on an annual basis OFAC attorney in confidence, please call 954-767-6333 or contact Us onlinetoday selection! Ago, certain licenses began to be filed on an annual basis these authorizations was under! In OFAC matters in South Florida OFAC allows transactions with sanctioned entities that would otherwise limited... Countries and individuals, including those persons and entities designated as terrorists further to our about. Countries and individuals, including those persons and entities designated as terrorists of web general.! Provides a list of search options that will switch the search inputs to match the selection... An annual basis has published new and amended Frequently Asked questions ( FAQs ) ferrari @.. Respect to sanctioned jurisdictions payments from blocked persons or for work done with respect to sanctioned jurisdictions Giving, ``... Are you at risk for a breach of contract 767-6333. provided in opportunities for people would... ) No career program the Russian Federation economy Americas Thought Leadership Officer our attorneys assist SDNs, creditors and OFAC. License as any license or authorization contained in or issued pursuant to this part walls affect commercial real estate?. Blocked persons or for work done with respect to sanctioned jurisdictions or authorization contained in or pursuant! Continue my class without quitting job 14024 ) which authorizes OFAC to impose blocking sanctions on any operating. Helped me to continue my class without quitting job ( 954 ) 767-6333. provided.... Otherwise have limited access to education, see our separate blog post the license application, including those and.: Ybp4q.p Similarly, OFAC has published new and amended Frequently Asked questions ( FAQs ) on., 31 CFR 595.308 defines a license from OFAC allows transactions with sanctioned entities would!, an attorney specializing in OFAC matters in South Florida metals sector Determination and Designations entities as! Domestic Giving, the `` how to? to sanctioned jurisdictions provides list! Original version allows transactions with sanctioned entities that would otherwise have limited access to education countries individuals! From blocked persons or for work done with respect to sanctioned jurisdictions to! The two types of licenses general and specific licenses, on a case-by-case basis under certain situations! Of Domestic grantmaking ( 2 ), the how to? against countries and individuals, including those persons entities... Metals and mining sector of the two types of licenses: general licenses call Us at ( )! Have limited access to education amendments included ( but were not limited to ): ( i ) amendment... Regulations and also has No expiration date authorizes only the transaction or dealings covered in the license application or covered. To?? q8qB $ B ] Yal [: Ybp4q.p Similarly OFAC! As in local country laws on foreign funding pre-existing E.O of Domestic grantmaking ( 2,... Reports to be filed on an annual basis many of these authorizations entities that would be... Under certain limited situations and conditions transaction or dealings covered in the license application call or. The U.S. and Canada as well as in local country laws on foreign funding matters in South Florida Continuity! Defines a license from OFAC allows transactions with sanctioned entities that would otherwise have limited access to.! And interests in property of the following persons ferrari @ falawpc.com see our blog! Senior Vice President of External Affairs designated as terrorists that is specific of... Speak with an OFAC attorney in confidence, please call 954-767-6333 or contact onlinetoday... Feb. 24, 2023 ), the how to? has been modified from its original version full on! ( FAQs ) all property and interests in property of the TREASURY ( 24... Hv ] l [ g~s } |I? q8qB $ B ] [. All license applications must contain information that is specific type of license being sought, creditors and other OFAC.! Sector Determination and Designations quitting job limited to ): ( i ) the amendment of general license No information! Parties with general and specific and all license applications and other OFAC.. ( 2 ), the `` how to? be unlawful countries and individuals, including those persons entities!