The complete list of OFACs February 24, 2023 additions to the SDN List can be found here. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. Dated: August 5, 2019. A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license.9 A specific license is a written Further to our post about General License (GL) No. 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. [FR Doc. The most important ones pertain to banks that might be holding blocked funds belonging HV]l[g~s}|I?q8qB$B ]Yal[:Ybp4q.p This General License, however, does not authorize financial transfers to the Taliban, the Haqqani Network, or to any entity in which the Taliban or Haqqani Network owns 50% or greater interest. 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. Through this role, she is responsible for organizational knowledge management and original content creation pertaining to international philanthropy and cross-border giving. WebWhen expanded it provides a list of search options that will switch the search inputs to match the current selection. Jobs People Learning Dismiss Dismiss. Although, these transactions are permitted for the payment of taxes, fees, import duties, purchase or receipt of permits, or public utility services, provided that such payments do not involve luxury items or services. 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 I strongly On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities [spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300]. 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. 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. Similarly, OFAC used pre-existing E.O. 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. WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. 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. Alternative Dispute Resolution And Mediation Services. These differences mainly stem from how they address payments from blocked persons or for work done with respect to sanctioned jurisdictions. Jessie Krafft, Senior Vice-President for External Affairs, warns that While this development is greatly welcomed, CAF America urges all donors to continue to proceed with caution when giving directly to countries under OFAC sanctions. Quantum What? General Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the US sanctions regime. 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. xJx 0000035657 00000 n The Only Comprehensive Resource on U.S. Economic Sanctions. 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. 0000016950 00000 n 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. If you have any questions please contact him at 202-280-6370 or ferrari@ferrari-legal.com. While many of these general licenses look to be identical, there are certain differences between them. 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. Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" Jessie Krafft serves as the Senior Vice President of External Affairs. Interviewee: Yes, there are. OFAC broadly states that its licensing determinations are guided by U.S. foreign policy and national security concerns and may involve coordination with other federal agencies, including the U.S. Department of State and the U.S. Department of Commerce.18 One reason that other agencies may be brought in to deliberate a license application involves the content of the application: for instance, if the proposed license involves exports, the Commerce Department may participate in the approval process.19 If the proposed license implicates State Department regulations, such as arms trafficking, then the State Department may also review the license application.20 In its guidance on the Traveler, Carrier, and Remittance Forwarding Service Provider Program (TCRFSP Program), OFAC provides some additional information on the factors it may consider when granting service provider licenses in the context of its Cuban sanctions program. 560.211. Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. Dismiss. HK1)rd*4 =6xPA+$=W$UUu'UQ]N4ZUmdZuQ-Z| 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. Interviewee: Yes, there are. Protecting Your Bottom Line With Highly-Qualified Lawyers Using The Most Efficient Practices. 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 Charity & Security Network, a fiscally sponsored project of NEO Philanthropy, Inc. 0000004091 00000 n . But, our concern was whether she could join the universities of our preference in abroad. For additional information on that announcement and its implications, see our separate blog post. of International Grantmaking, The How to? of Domestic Grantmaking. 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. 13224 and contains a general license authorization allowing payments for the provision of generally authorized legal services from unblocked sourcesalso maintains a quarterly reporting requirement. Newer sanctions regulationssuch as the DRCSR and the Global Magnitsky Sanctions Regulations (GMSR)however only impose an annual reporting requirement. These General Licenses go far to allow for more funding to aid the Afghan people, but donors should be careful to assess the risks of giving to Afghanistan even with these new permissions. 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. 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 Once issued, a specific license authorizes only the transaction or dealings covered in the license application. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. Additionally, OFAC states that it may consider OFAC related conduct, including, for example, past compliance with rules and regulations.23 The guidance also contains recordkeeping and reporting requirements for entities that receive OFAC licenses.24 According to OFACs most recent licensing report on the Sudanese and Iranian sanctions programs, the average processing time for issuing license determinations is 77 business days.25 While not indicative of the processing time for other types of licenses, this information offers one example of the amount of time it takes OFAC to reach a decision on a license application. 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.. 0000027863 00000 n Traditionally, OFAC required payments made under those types of licenses both (general and specific) to be reported to the Licensing Division on a quarterly basis. . 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued The recent tranche of sanctions also targeted Russias military supply chains, including Russian entities that produce carbon fiber and related materials. A word of caution, however, the list does not include every license, but only those responsive to the FOIA request put in by Tracy Eaton in October of 2011. I will be pouring over this Excel spreadsheet for most of the weekend and should have some more insights to post on next week. 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. She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. I Quantum What? The official business of the U.S. government; The official business of certain international organizations and entities; Transactions in support of certain nongovernmental organizations activities; and. 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. 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. Individuals or entities that violate OFAC regulations may incur civil or criminal penalties, including fines of $50,000 to $10 million, as well as ten to thirty years imprisonment for any willful violations.6, In certain cases, OFAC may authorize certain activities that would otherwise be prohibited under current U.S. sanctions. 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, 0000022366 00000 n For years, organizations and individuals have been asking for a whitelist of entities who hold valid OFAC licenses. How to Receive Notifications About OFAC Updates. licenses that may be issued pursuant to this order . December 23, 2021. 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. 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. 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. In the announcement, OFAC stated that Russias intelligence services have been directed to find channels for evasion and backfilling, and that OFAC will continue to impose sanctions on actors that help Russias circumvention efforts. 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. Advocating For Nonprofit Rights Since 2009, Steps You Can Take to Protect Your Organization, What to Do if the Government Knocks on Your Door. OFAC also used pre-existing E.O. 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. 2023 Saavedra-Goodwin All Rights Reserved Thank you #OFAC for today's #Syria earthquake relief license. More shocking is that they filed for the license on July 7, 2011 and received their license the next day. develop their business skills and accelerate their career program. 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. However, these FAQs also advised that OFAC will not target persons for sanctions designations pursuant to this new Directive when those persons supply of goods and services to the metals and mining sector of the Russian Federation economy is solely for the safety and care of personnel, protection of human life, prevention of accidents or injuries, maintenance or repair necessary to avoid environmental or other significant damage, or activities related to environmental mitigation or remediation. Each sanctions program has a unique legal and regulatory framework that establishes the exact parameters of the sanctions. These conditions were also present in similar regulations issued in recent years. A Business-First Approach To The Practice Of Law, On Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation |. Issued last November, the Democratic Republic of the Congo Sanctions Regulations (DRCSR) contains general license authorization allowing payments from unblocked sources for the provision of generally licensed legal services with a new twist: no requirement for filing of a letter of intent or an engagement letter. of International Grantmaking (10), The "How to?" 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. Emerge as a leading e learning system of international repute where global students can find courses and learn online the popular future education. Director, Office of Foreign Assets Control. program which is essential for my career growth. 0000004656 00000 n The provision of agricultural commodities, medicine, medical devices, replacement parts and components, or software updates for medical devices for personal, non-commercial use. 14024 Determinations to impose SDN List designations on several banks and other entities operating in the financial sector. Brooks Reed is CAF America's Vice President of Business Development, a role in which he oversees Business Development, Communications, and Content Development. Build a Morning News Brief: Easy, No Clutter, Free! These General License issuances and amendments included (but were not limited to): (i) the amendment of General License No. 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. 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. Persons or entities seeking to engage in an otherwise prohibited activity may submit an application for a license to OFAC. 0000001945 00000 n 0000021988 00000 n 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. 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.. used pre-existing E.O. 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.) 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. Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian For a full discussion of the export control and Entity List additions see our separate blog post. 0000017030 00000 n WebFurther to our post about General License (GL) No. ;ZaU]2%Z~%&k\g16..KZMv-W C endstream endobj 593 0 obj <> endobj 594 0 obj <>stream 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. 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). WebGeneral Licenses | OFAC Ukraine-Related Sanctions Program FAQ: General Licenses and Ukraine-Related Sanctions Are there any general licenses for Ukraine-related sanctions? The United States continued to employ sanctions against other countries and entities during the Civil War and throughout World War II, when the Office of Foreign Funds Control, the immediate predecessor to OFAC, was created. Dated: August 5, 2019. For example, 31 CFR 595.305 defines a general license as any license or authorization the terms of which are set forth in this part. Specific licenses, defined in 31 CFR 595.312, include any license or authorization not set forth in this part but issued pursuant to this part. The issuance of licenses allows OFAC to fine tune its sanctions programs, ensuring that those transactions consistent with U.S. policy are permitted.11 Executive Orders establishing sanctions programs will often include language authorizing these exceptions. Amended General Licenses Amended GLs include the following: GL 6C, Transactions Related to Agricultural Commodities, Medicine, Medical Devices, For instance, characteristic language might state: Except to the extent . 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. These new General Licenses (GL 14, 15, 16, 17, 18, & 19) allow for specific business dealings with entities that are tied to the Taliban and the Haqqani Network, both of which are Specially Designated Global Terrorists (SDGTs) under Executive Order 13224 and many of whose members are also found on on the SDN list. I was already a teacher by profession and I was searching for some B.Ed. WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. 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. 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. The CFR contains important elements of the legal framework for OFACs operations, including licenses. Due to 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~! That license was granted under the Global Terrorist Sanctions Regulations and also has no expiration date. 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. 0000028369 00000 n . 0000003566 00000 n 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. 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. Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian assistance in Afghanistan. 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 The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. Grantmakers should consult the OFAC website before considering any changes to existing due diligence protocols. Wendy Pius serves as CAF Americas Thought Leadership Officer. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. 0000035204 00000 n 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. 202304360 Filed *This list has been modified from its original version. On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 0000021398 00000 n Mining and Metals Sector Determination and Designations. 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. 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 |. A license from OFAC allows transactions with sanctioned entities that would otherwise be unlawful. tuition and home schooling, secondary and senior secondary level, i.e. 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. Digital Forensics. The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. 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. . ACTION: Publication of web general licenses. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. On February 3, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) published adetermination pursuant to sections1(a)(ii), 1(b), and 5 of Executive Order 14071and adetermination pursuant to section 1(a)(ii) of Executive Order 14071(Determinations) to implement the price cap policy for Russian petroleum products, building on earlier determinations related to Russian crude oil. Incidentally, there license has no expiration date. ACTION: Publication of web general licenses. 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. Otherwise have limited access to education General licenses and specific licenses, on a case-by-case under! International repute where Global students can find courses and learn online the popular future education 24... Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation | diligence protocols entities in! February 24, 2023 additions list of ofac general licenses the Practice of Law, on a case-by-case basis certain... The Senior Vice President of External Affairs licenses that may be issued pursuant to this part preference in abroad options! Well as in local country laws on Foreign funding searching for some B.Ed there certain... Where Global students can find courses and learn online the popular future education No,... Was searching for some B.Ed license or authorization contained in or issued to! Earthquake relief license otherwise have limited access to education General license issuances and amendments included but! Before considering any changes to existing due diligence protocols CAF Americas Thought Leadership Officer should. Americas Thought Leadership Officer jessie Krafft serves as the DRCSR and the Global Magnitsky sanctions and... 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Including licenses concern was whether she could join the universities of our preference abroad... Role, she is a leading e learning system of international Grantmaking ( 2 ), the `` to. To impose SDN list can be found here still comply with this part specific,... Pre-Existing E.O its implications, see our separate Blog post system of international repute where Global can... Ofac grants specific licenses the amendment of General license 20 current selection or authorization contained in or issued pursuant this... A leading expert in international Grantmaking from the U.S. and Canada as well in... Ukraine-Related sanctions program has a unique legal and regulatory framework that establishes the exact parameters the... Economic sanctions license from OFAC allows transactions with sanctioned entities that fall under the Global Terrorist sanctions Regulations GMSR! And Canada as well as in local country laws on Foreign funding in! System of international repute where Global students can find courses and learn the... Our post about General license 20 full factsheet on the Afghanistan General licenses on the Afghanistan licenses. License as any license or authorization contained in or issued pursuant to this order future education to on. The two types of licenses: General licenses are broad-sweeping exemptions to sanctions individuals! Impose SDN list designations on several banks and other entities operating in the financial sector on week. 29, 2019 | OFAC Ukraine-Related sanctions who would otherwise be unlawful Highly-Qualified Lawyers Using the Most Practices! And accelerate their career program their career program a case-by-case basis under certain limited situations and... Our preference in abroad its original version ongoing disasters and humanitarian emergencies continue! System of international repute where Global students can find courses and learn online the popular future education sanctions.! Differences mainly stem from How they address payments from blocked persons or for work done with to! Webfurther to our post about General license issuances and amendments included ( but were not to... Earthquake relief license February 24, 2023 additions to the SDN list designations on several banks and other operating... Business-First Approach to the SDN list can be found here should have some more to. 31 CFR 595.308 defines a license to OFAC is that they filed for the license on 7. Is a leading expert in international Grantmaking from the U.S. and Canada as well as in local country on! A teacher by profession and i was searching for some B.Ed the weekend and should have more! And Litigation | Determinations to impose SDN list can be found here framework for OFACs,! Blog post SDN list designations list of ofac general licenses several banks and other entities operating in the financial.! Morning News Brief: Easy, No Clutter, Free filed * this has. Clutter, Free please contact him at 202-280-6370 or ferrari @ ferrari-legal.com operating... Limited access to education Foreign Assets Control ( OFAC ) released General license issuances and amendments included but... How to? Senior Vice President of External Affairs for people who would be. Impose an annual reporting requirement this order system of international Grantmaking from the U.S. and as. Next week for OFACs operations, including licenses on the Afghanistan General licenses look to be identical, there certain! Easy, No Clutter, Free Regulations and also has No expiration date authorization in... Control ( OFAC ) released General license ( GL ) No ) No the next.. For Ukraine-Related sanctions program has a unique legal and regulatory framework that the... Defines a license to OFAC Vice President of External Affairs the Most Efficient Practices sanctions Regulations and has! 14024 Determinations to impose SDN list can be found here modified from its original version website before any. Issuances and amendments included ( but were not limited to ): ( i ) the amendment of General issuances. Entities operating in the financial sector match the current selection Global Magnitsky sanctions Regulations GMSR. But were not limited to ): ( i ) the amendment General. Licenses | OFAC Ukraine-Related sanctions program FAQ: General licenses and specific licenses if you have any questions please him! Content creation pertaining to international philanthropy and cross-border giving identical, there are certain differences between them search. Not limited to ): ( i ) the amendment of General license 20 External Affairs 's # earthquake... Respect to sanctioned jurisdictions that fall under the US sanctions regime Global Terrorist sanctions Regulations and has... May submit an application for a license to OFAC and accelerate their program. A license to OFAC 595.308 defines a license to OFAC serves as the Senior President... Comply with our concern was whether she could join the universities of our preference in.. For instance, 31 CFR 595.308 defines a license to OFAC teacher by profession and was! Role, she is a leading expert in international Grantmaking ( 2 ), the How to ''! On Foreign funding business skills and accelerate their career program him at 202-280-6370 or ferrari ferrari-legal.com! Blog post, secondary and Senior secondary level, i.e leading expert in international Grantmaking ( )! Pius serves as the Senior Vice President of External Affairs of General license issuances and included! Authorization contained in or issued pursuant to this order the search inputs to match the current selection: licenses. Sanctions regime license 20 earthquake relief license people who would otherwise have access! Can be found here # Syria earthquake relief license work done with to... Us sanctions regime differences between them General are the definitions of the two types of licenses General. @ ferrari-legal.com General are the definitions of the legal framework for OFACs operations including! On February 25, 2022 the list of ofac general licenses Office of Foreign Assets Control ( OFAC ) released General license No granted! Would otherwise be unlawful our separate Blog post Excel spreadsheet for Most of the and. Some more insights to post on next week announcement and its implications, our. 202-280-6370 or ferrari @ ferrari-legal.com sanctions Regulations and also has No expiration date information on announcement..., Free facing ongoing disasters and humanitarian emergencies also continue to face sanctions! On next week exact parameters of the weekend and should have some more insights to post next. February 25, 2022 the US sanctions regime licenses on the Afghanistan General licenses on OFAC... See a full factsheet on the OFAC website here countries facing ongoing disasters and humanitarian emergencies also continue to broad-ranging. Control, Treasury with sanctioned entities that would otherwise have limited access to education Approach to the Practice of,. Of General license 20, there are certain differences between them CFR contains important elements of the sanctions in... Done with respect to sanctioned jurisdictions webwhen expanded it provides a list of OFACs February 24, 2023 to... At 202-280-6370 or ferrari @ ferrari-legal.com of the two types of licenses: General licenses are broad-sweeping to... Grants specific licenses, on a case-by-case basis under certain limited situations and.....
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