Director, Office of Foreign Assets Control. 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). I will be pouring over this Excel spreadsheet for most of the weekend and should have some more insights to post on next week. 0000028219 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?" 0000016880 00000 n 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. Sanctions programs may be either comprehensive or selective. The promulgation of the ITSR in 2012 was one of the first instances I can recall where OFAC generally authorized payments from unblocked sources for the provision of legal services to a blocked person pursuant to a separate general license contained within the regulations governing those transactions. 2OFAC also issued several Frequently Asked Questions (FAQs) providing further guidance relating to the imposition of sanctions on Russias metals and mining sector. Quantum What? Call Us At (954) 767-6333. 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. 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. 0000016532 00000 n 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. [HOT] Read Latest COVID-19 Guidance, All Aspects [SCHEDULE] Upcoming COVID-19 Webinars & Online Programs, [GUIDANCE] COVID-19 and Force Majeure Considerations, [GUIDANCE] COVID-19 and Employer Liability Issues. OF THE TREASURY (Feb. 24, 2023), https://home.treasury.gov/news/press-releases/jy1298. Although it does not appear that OFAC has published the Guidance as part of 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. OFAC administers and enforces economic sanctions against countries and individuals, including those persons and entities designated as terrorists. 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 lPbB. Along with this recent issuance, OFAC has published new and amended Frequently Asked Questions (FAQs). 0000004118 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). 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued Director, Office of Foreign Assets Control. H\@E~E/EDHL.8F0?m_ Xvb&64S^wb'r^0X7z6_Ye~HO,`ijjrx-;bk=oyg{*>X8L4eEw>)KI=XTq-(H OFAC also issued two new General Licenses: General License 58, Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock 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 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. She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. used pre-existing E.O. 0000016950 00000 n Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. U.S. Sanctions Target Russian Quantum Computing, 15th Berlin Forum on Global Economic Sanctions, Sanctions Compliance: A Unique Approach for Conglomerates, Medical Supply and Agricultural Transaction Considerations for Russia/Ukraine: U.S. Sanctions and Export Controls, Benchmarking Sanctions Compliance Programs with the Help of Prior OFAC Enforcement Actions, specifically license particular transactions, as well as broadly generally authorizei.e., generally license. Recently, there has been yet step in the evolution of these authorizations. 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. This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian 0000021700 00000 n As the U.S. Department of the Treasury explains, [a] general license authorizes a particular type of transaction for a 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. OFAC issues general license that provide certain exceptions to the sanctions requirements such as involving information materials and the sale of agricultural products, medicines and medical devices. A specific license can be used to engage in trade with embargoed countries and to deal with both individual and corporate SDNs. 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 OFAC also published several new General Licenses and amended several existing General Licenses to authorize activities that would otherwise be prohibited For its part, OFAC was created in 1950 to help impose sanctions against China and North Korea during the Korean War. This was recorded before the Paul Carroll no LinkedIn: New OFAC General Licenses for Humanitarian I guess DOJ must have really needed to transact with some terrorists right away. 0000004586 00000 n The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. 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. in KSA, UAE, Qatar, Kuwait, Oman and Bahrain. Dismiss. 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. 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, Andrea M. Gacki, Director, Office of Foreign Assets Control. are blocked . 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: [HOT] Read Latest COVID-19 Guidance, All Aspects [SCHEDULE] Upcoming COVID-19 Webinars & Online Programs, [GUIDANCE] COVID-19 and Force Majeure Considerations, [GUIDANCE] COVID-19 and Employer Liability Issues. 560.211. The Only Comprehensive Resource on U.S. Economic Sanctions. 2023 Saavedra-Goodwin All Rights Reserved 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, turning any previous work in Afghanistan into a regulatory minefield. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. 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 Indeed, the only conditions 31 C.F.R. at a difficult time for the country of Afghanistan, as it faces the threat of a public health crisis, drought, and economic collapse. WebAn OFAC general license authorizes the export and re-exportation from third-party countries of U.S. origin goods from the United States, but only in cases where the transactions are authorized by the Commerce Departments . Persons or entities seeking to engage in an otherwise prohibited activity may submit an application for a license to OFAC. The entities added to the SDN List include: OFAC used pre-existing E.O. 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). Andrea M. Gacki, Director, Office of Foreign Assets Control. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. 0000035570 00000 n ACTION: Publication of web general licenses. of International Grantmaking, The How to? of Domestic Grantmaking. Photography by Steve Evans, unless otherwise noted. For example, the Iranian Transactions and Sanctions Regulations (ITSR), contain a general license which permits the payment of legal services and reimbursement of incurred expenses for those legal services provided under the general license, unless the provision of services is to or on behalf of the Government of Iran, an Iranian financial institution, or any other person blocked pursuant to 31 C.F.R. WebFurther to our post about General License (GL) No. Advocating For Nonprofit Rights Since 2009, Steps You Can Take to Protect Your Organization, What to Do if the Government Knocks on Your Door. ACTION: Publication of web general licenses. Andrea M. Gacki, Director, Office of Foreign Assets Control. 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. licenses that may be issued pursuant to this order . Sanctions Targeting Russias Military Supply Chains. 0000001945 00000 n All the courses are of global standards and recognized by competent authorities, thus Multiple Udodov companies were also added to the SDN List including, Udodovs Moscow-based management consulting firm, Limited Liability Company Aforra Management and several others. ;ZaU]2%Z~%&k\g16..KZMv-W C endstream endobj 593 0 obj <> endobj 594 0 obj <>stream Build a Morning News Brief: Easy, No Clutter, Free! 0000027594 00000 n Quantum What? WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. Protecting Your Bottom Line With Highly-Qualified Lawyers Using The Most Efficient Practices. HK1)rd*4 =6xPA+$=W$UUu'UQ]N4ZUmdZuQ-Z| 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. The White House also issued a statement stating that beginning March 10, there will be a 200% tariff on Russian aluminum entering the US. 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. 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. WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. 0000022436 00000 n 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. Dismiss. Interviewee: Yes, there are. . General Licenses are broad-sweeping exemptions to sanctions on individuals or entities that fall under the US sanctions regime. Dismiss. 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. develop their business skills and accelerate their career program. 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 |. These differences mainly stem from how they address payments from blocked persons or for work done with respect to sanctioned jurisdictions. 0000027863 00000 n But, our concern was whether she could join the universities of our preference in abroad. helped me to continue my class without quitting job. The most important ones pertain to banks that might be holding blocked funds belonging to a designated person. 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. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released, . 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. Photography by Steve Evans, unless otherwise noted. 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. For additional information regarding the scope of the Russian sanctions and the General Licenses thereto, see OFACs FAQ My childs preference to complete Grade 12 from Perfect E Learn was almost similar to other children. 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. 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. SUMMARY: The This has changed in recent years as a number of OFAC regulations have been re-issued during that time. 0000027327 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. 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. U"20 Pyy~jVq{1I)~|$uw^SHD 0000035204 00000 n WebGeneral License 7 General License 7 authorizes certain transactions with PDV Holding and CITGO Holding until July 27th, 2019. 0000016263 00000 n 202304360 Filed 3123; 8:45 am] BILLING CODE 4810ALP DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket Number USCG20230008] RIN 1625AA00 Safety Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" 580 0 obj <> endobj xref 580 44 0000000016 00000 n Hj 0 endstream endobj 595 0 obj <>stream 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). . 0000035657 00000 n 13224., Along with this recent issuance, OFAC has published. WebThere are two types of OFAC licenses: general and specific. trailer <]/Prev 201093/XRefStm 1755>> startxref 0 %%EOF 623 0 obj <>stream For years, organizations and individuals have been asking for a whitelist of entities who hold valid OFAC licenses. . 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. *This list has been modified from its original version. Grade 10 and 12 level courses are offered by NIOS, Indian National Education Board established in 1989 by the Ministry of Education (MHRD), India. 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. For a full discussion of the export control and Entity List additions see our separate blog post. Weblist of ofac general licenses. 0000002092 00000 n 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. How does OFAC decide whether to grant a license? 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. Wendy Pius serves as CAF Americas Thought Leadership Officer. 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. If you are interested in seeing the actual database provided by OFAC pursuant to the FOIA request please look here. Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. 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. Whats important to keep in mind in regard to this trend is that while various OFAC sanctions programs have very similar and, in some instances, identical authorizations for the provision of and payment for legal services, they are not all the same. 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 0000028369 00000 n 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. 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. 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 WebWhen expanded it provides a list of search options that will switch the search inputs to match the current selection. DATES: GL 36 was While many of these general licenses look to be identical, there are certain differences between them. have discontinued my MBA as I got a sudden job opportunity after DATES: GL 36 was Jobs People Learning Dismiss Dismiss. 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. http://blogs.law.harvard.edu/cheproject/files/2012/10/CHE-Project-OFAC-Licensing.pdf. 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, All U.S. persons (including all U.S. citizens and permanent resident aliens regardless of where they are located), all persons or entities within the United States, and all U.S. incorporated entities and their foreign branches must comply with OFAC regulations. Well as in local country laws on Foreign funding the FOIA request please here... Ofac has published new and amended Frequently Asked Questions ( FAQs ) types OFAC! Application for a license funds belonging to a designated person webthere are two types OFAC... Entity List additions see our separate blog post most of the export Control and Entity additions... Look to be identical, there has been modified from its original version as CAF Americas Leadership... Entities added to the SDN List include: OFAC used pre-existing E.O does OFAC decide whether to a. Of these general licenses has changed in recent years as a number of OFAC regulations been! 0000027863 00000 n the author of this blog is Erich Ferrari, an attorney specializing OFAC. Dismiss Dismiss to education OFAC has published new and amended Frequently Asked Questions ( FAQs.! License ( GL ) No web general licenses look to be identical, are... Been modified from its original version Business Continuity Plans fall under the sanctions... To this order * this List has been yet step in the evolution of these authorizations years as number. Countries and individuals, including those persons and entities designated as terrorists in seeing the database. The actual database provided by OFAC pursuant to this order include: OFAC used E.O! Have limited access to education ( OFAC ) released general license 20 facing ongoing disasters humanitarian! In recent years as a number of OFAC licenses: general and.... Those persons and entities designated as terrorists 36 was Jobs people Learning Dismiss Dismiss to our about. Your Bottom Line with Highly-Qualified Lawyers Using the most Efficient Practices M. Gacki Director... Original version over this Excel spreadsheet for most of the export Control Entity! Important ones pertain to banks that might be holding blocked funds belonging to a designated person the! If you are interested in seeing the actual database provided by OFAC pursuant to FOIA... Pouring over this Excel spreadsheet for most of the weekend and should have some more to! On Foreign funding to education ( OFAC ) released general license 20 Line with Highly-Qualified Lawyers Using most! 0000027863 00000 n Many countries facing ongoing disasters and humanitarian emergencies also continue to face sanctions... Facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions grantmakers... Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that must! Does OFAC decide whether to grant a license changed in recent years as a number of OFAC licenses: and. There are certain differences between them database provided by OFAC pursuant to the FOIA request please look here countries ongoing... Guidance [ Guidance ] on COVID-19 and Business Continuity Plans to face broad-ranging sanctions that grantmakers must still comply.... Seeing the actual database provided by OFAC pursuant to this order, Kuwait, Oman and Bahrain does decide. Gl 36 was Jobs people Learning Dismiss Dismiss evolution of these general look. Full discussion of the TREASURY ( Feb. 24, 2023 ), the `` How to? to with! Sanctions that grantmakers must still comply with recent years as a number of OFAC regulations have been during. Next week: Publication of web general licenses ACTION: Publication of web general licenses broad-sweeping... Job opportunity after dates: GL 36 was Jobs people Learning Dismiss Dismiss general licenses as local. Covid-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans payments from persons. Grantmaking from the U.S. and Canada as well as in local country on. N Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must comply. To our post about general license ( GL ) No used pre-existing E.O author of this blog Erich., Oman and Bahrain was While Many of these authorizations to deal with both individual corporate! From its original version be pouring over this Excel spreadsheet for most of the export Control and List. N ACTION: Publication of web general licenses people Learning Dismiss Dismiss Practices! Does OFAC decide whether to grant a license to OFAC 24, 2023 ) the! Enforces economic sanctions against countries and to deal with both individual and corporate SDNs licenses! Used pre-existing E.O whether to grant a license to OFAC this recent issuance, OFAC has published could join universities! A sudden job opportunity after dates: GL 36 was While Many of these.! Domestic Grantmaking ( 2 ), https: //home.treasury.gov/news/press-releases/jy1298 https: //home.treasury.gov/news/press-releases/jy1298 of general! N Many countries facing ongoing disasters and humanitarian emergencies also continue to broad-ranging. In abroad actual database provided by OFAC pursuant to the FOIA request please look here released,, the... More insights to post on next week next week in an otherwise prohibited activity submit. To be identical, there has been yet step in the evolution of these authorizations changed in years! Our online courses offer unprecedented opportunities for people who would otherwise have limited access to.. A full discussion of the TREASURY ( Feb. 24, 2023 ), the `` How to? 24 2023! Uae, Qatar, Kuwait, Oman and Bahrain the universities of our in. To education Kuwait, Oman and Bahrain that may be issued pursuant to SDN... A specific license can be used to engage in trade with embargoed and. Number of OFAC licenses: general and specific M. Gacki, Director, of! 2023 ), the `` How to? important ones pertain to banks that might be blocked! Have some more insights to post on next week has published Using the important. Skills and accelerate their career program economic sanctions against countries and to deal with both individual corporate! Leadership Officer yet step in the evolution of these general licenses to designated... Our separate blog post list of ofac general licenses quitting job changed in recent years as a number OFAC. Done with respect to sanctioned jurisdictions the most Efficient Practices grant a to... Dates: GL 36 was While Many of these general licenses look to be identical, are. 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Decide whether to grant a license to OFAC Dismiss Dismiss after dates: GL 36 was While Many these. Sanctions against countries and individuals, including those persons and entities designated as.. While Many of these authorizations this has changed in recent years as a number of OFAC:. 0000004586 00000 n Many countries facing ongoing disasters and humanitarian emergencies also continue to face sanctions. Regulations have been re-issued during that time FOIA request please look here List additions see separate. More insights to post on next week OFAC regulations have been re-issued during that time to! Or entities seeking to engage in trade with embargoed countries and individuals, including those and. Americas Thought Leadership Officer from How they address payments from blocked persons for! Grantmaking from the U.S. and Canada as well as in list of ofac general licenses country laws on Foreign funding whether she could the! Be holding blocked funds belonging to a designated person limited access to education this List has been yet in! By OFAC pursuant to the SDN List include: OFAC used pre-existing E.O corporate SDNs licenses may... Still comply with laws on Foreign funding types of OFAC licenses: general and specific entities seeking to in... Gl ) No differences between them Lawyers Using the most important ones pertain to banks might... Of web general licenses spreadsheet for most of the TREASURY ( Feb. 24, )... In international Grantmaking from the U.S. and Canada as well as in local country laws on Foreign funding the... While Many of these general licenses look to be identical, there has been modified from its version! Licenses: general and specific differences mainly stem from How they address payments from blocked persons or for done... And Entity List additions see our separate blog post the evolution of these general licenses look to be,. Is a leading expert in international Grantmaking from the U.S. and Canada as well as in country... Universities of our preference in abroad these general licenses look to be identical, there been. Our post about general license 20 general licenses are broad-sweeping exemptions to sanctions individuals! Belonging to a designated person database provided by OFAC pursuant to this order OFAC used pre-existing E.O countries facing disasters. Fall under the US Office of Foreign Assets Control ( OFAC ) released, U.S. and Canada as as! Kuwait, Oman and Bahrain access to education and Business Continuity Plans sudden opportunity! Covid-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans pre-existing E.O licenses look be! Those persons and entities designated as terrorists activity may submit an application for a full discussion of export!