For additional information regarding the scope of the Russian sanctions and the General Licenses thereto, see OFACs FAQ 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. 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. . OFAC designated several non-Russian individuals for their roles in supporting Russias war efforts in Ukraine and their roles in assisting with sanctions evasion and backfilling. 202304360 Filed 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. I , turning any previous work in Afghanistan into a regulatory minefield. 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. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. CAF America is encouraged to see that changes will be made in the existing sanctions framework to allow for certain humanitarian transactions in support of nongovernmental organizations (NGOs) activities, such as disaster relief, health services, and activities to support democracy, education, environmental protection, and peacebuilding.. On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 0000027836 00000 n Perfect E learn helped me a lot and I would strongly recommend this to all.. 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. 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. Interviewee: Yes, there are. 0000027327 00000 n As the Founder and Principal of Ferrari & Associates, P.C., Mr. Ferrari represents U.S. and foreign corporations, financial institutions, exporters, insurers, as well as private individuals in trade compliance, regulatory licensing matters, and federal investigations and prosecutions. On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 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. 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. 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 WebGeneral License 7 General License 7 authorizes certain transactions with PDV Holding and CITGO Holding until July 27th, 2019. 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, WebWhen expanded it provides a list of search options that will switch the search inputs to match the current selection. Charity & Security Network, a fiscally sponsored project of NEO Philanthropy, Inc. 0000035177 00000 n Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian For instance, characteristic language might state: Except to the extent . 60 to authorize wind down and rejection transactions through May 25, 2023 involving certain financial institutions blocked on February 24, 2023, and (iii) the issuance of General License No. OFAC Licenses: Do You Need a General License or a Specific License? 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued 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.. Determination Against Russian Metals and Mining Sector of International Grantmaking, The How to? of Domestic Grantmaking. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. 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 CAF Americas white paper on the subject, co-authored with the Charity and Security Network. Dismiss. [FR Doc. 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. HV]l[g~s}|I?q8qB$B ]Yal[:Ybp4q.p 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. 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. the 10/12 Board DATES: GL 36 was 0000016950 00000 n 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). 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). To learn more about General Licenses, how they work, and how to design a grantmaking program that complies with all OFAC restrictions in highly-sanctioned countries, read CAF Americas white paper on the subject, co-authored with the Charity and Security Network. We follow a systematic approach to the process of learning, examining and certifying. A Business-First Approach To The Practice Of Law, On Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation |. The provision of agricultural commodities, medicine, medical devices, replacement parts and components, or software updates for medical devices for personal, non-commercial use. The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. 2023 Saavedra-Goodwin All Rights Reserved Andrea M. Gacki, Director, Office of Foreign Assets Control. 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). 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. We are particularly pleased to see this move from the US government following the recent passage of UNSCR 2664, co-sponsored by the US and Ireland, which created the conceptual framework for a humanitarian carveout across United Nations sanctions regimes. How do party walls affect commercial real estate deals? 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.) 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 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. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8F, "Authorizing Transactions Related to Energy," General License 13D, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024," General License 60, "Authorizing the Wind 0000034657 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. program which is essential for my career growth. Unlike general licenses, specific licenses cannot be utilized by other parties, though it may be possible to obtain a specific license that is similar to an existing one issued to another SDN, creditor or other party. Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. Emerge as a leading e learning system of international repute where global students can find courses and learn online the popular future education. 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. 0000003413 00000 n . 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. of International Grantmaking. The definitions contained in the CFR, however, do not necessarily further clarify the different types of licenses and what purpose they serve. As the U.S. Department of the Treasury explains, [a] general license authorizes a particular type of transaction for a 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. [spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300]. If you have questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact us onlinetoday. For a full discussion of the export control and Entity List additions see our separate blog post. 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. 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. Each sanctions program has a unique legal and regulatory framework that establishes the exact parameters of the sanctions. First, the United States Department of State, Office of Terrorism Finance and Economic Sanctions Policy who advise OFAC on license applicationsapplied for a 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 added Aleksandr Yevgenyevich Udodov to the SDN list as he is linked to business dealings with Russian Prime Minister Mikhail Mishustin (already an SDN since April of 2022) and has also been investigated for manipulating value-added tax revenues and money laundering. While OFAC does not provide standardized forms for most license applications, guidance from OFACs website states that license applications should include all necessary information as required in the application guidelines or the regulations pertaining to the particular embargo program.13 According to 31 CFR 501.801, applications for licenses must include all information specified by relevant instructions and/or forms, and must fully disclose the names of all parties who are concerned with or interested in the proposed transaction. Furthermore, OFAC asks that license applications include a detailed description of the proposed transaction, including the names and addresses of any individuals/companies involved.14 OFAC has issued guidance for NGOs on licensing requirements for sanctions programs concerning Sudan, Burma, Cuba, and Iran. For instance, just because you dont need a license to receive payment from a party designated under E.O. 0000022366 00000 n [FR Doc. all property and interests in property of the following persons . WebOffice of Foreign Assets Control U.S. Department of the Treasury Treasury Annex 1500 Pennsylvania Avenue, NW Washington, DC 20220 Attn: Licensing Division It is 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. 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. Nor does this General License permit financial transactions involving any blocked individual who is in a leadership role of a governing institution in Afghanistan. Had a great experience here. No Challenge Is Too Great. Grade 10 and 12 level courses are offered by NIOS, Indian National Education Board established in 1989 by the Ministry of Education (MHRD), India. . 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 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. OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. 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. 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 document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application.10 The Code of Federal Regulations (CFR) is the collection of regulations setting out how the executive branch will interpret the parts of the U.S. Code that Congress charged it with enforcing. The database also reveals a lot of interesting information. 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). She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. 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 General License issuances and amendments included (but were not limited to): (i) the amendment of General License No. 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. A specific license can be used to engage in trade with embargoed countries and to deal with both individual and corporate SDNs. OFAC also issued two new General Licenses: General License 58, Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock 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. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. Online tuition for regular school students and home schooling children with clear options for high school completion certification from recognized boards is provided with quality content and coaching. For additional information on that announcement and its implications, see our separate blog post. 0000021988 00000 n W@QA! @GP(+}}*ZyIw qC3H9]vJJ~qP IqLxJx 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. 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. But, our concern was whether she could join the universities of our preference in abroad. 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. 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. 0000035204 00000 n . This was recorded before the Paul Carroll no LinkedIn: New OFAC General Licenses for Humanitarian . 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. DATES: GL 36 was Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. 0000003814 00000 n More shocking is that they filed for the license on July 7, 2011 and received their license the next day. If you are interested in seeing the actual database provided by OFAC pursuant to the FOIA request please look here. How does a person or entity apply for a license? 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. Recent proposed changes to the regulations would permit some applications to be filed electronically.17, OFAC provides scant public information about the approval process for licenses. WebWhen expanded it provides a list of search options that will switch the search inputs to match the current selection. Specific licenses are commonly used to obtain authorization for the release of SDNs blocked assets, but they can be utilized under various other scenarios as well. Pros and cons of common business structures, Tips for choosing a successful acquisition. WebAre there any general licenses for Ukraine-related sanctions? CAF America also encourages all grantmakers to review OFAC documents stating that the property and interests in property of an entity are blocked if one or more blocked persons own, whether individually or in the aggregate, directly or indirectly, a 50 percent or greater interest in the entity, whether or not the entity itself is incorporated into the [SDN List]. This highlights the importance of high-quality due diligence and commitment to regulatory compliance in international philanthropyespecially when giving to high-risk jurisdictions. Sanctions Targeting Russias Military Supply Chains. 0000004118 00000 n ACTION: Publication of web general licenses. This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian ;ZaU]2%Z~%&k\g16..KZMv-W C endstream endobj 593 0 obj <> endobj 594 0 obj <>stream Digital Forensics. If you have any questions please contact him at 202-280-6370 or ferrari@falawpc.com. 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 0000035570 00000 n Quantum What? WebFurther to our post about General License (GL) No. Stay up to date on global charitable giving news & trends, read stories of philanthropy, and learn how the philanthropic landscape is changing. .12. These differences mainly stem from how they address payments from blocked persons or for work done with respect to sanctioned jurisdictions. 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. 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. Advocating For Nonprofit Rights Since 2009, Steps You Can Take to Protect Your Organization, What to Do if the Government Knocks on Your Door. 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. 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. 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. WebThe United States Department of the Treasurys Office of Foreign Assets Control (OFAC) has discretion to both specifically license particular transactions, as well as 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. exams to Degree and Post graduation level. 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. 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. ACTION: Publication of web general licenses. 2OFAC also issued several Frequently Asked Questions (FAQs) providing further guidance relating to the imposition of sanctions on Russias metals and mining sector. Dismiss. 0000003952 00000 n 0000004586 00000 n 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. 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. Work in Afghanistan are covered: see a full factsheet on the Afghanistan General licenses Carroll No LinkedIn New! Used to engage in trade with embargoed countries and to deal with both individual and SDNs. I, turning any previous work in Afghanistan into a regulatory minefield 0000003814 00000 n shocking... That grantmakers must still comply with 29, 2019 | OFAC Licensing and Litigation | and in... This General license No n ACTION: Publication of web General licenses and what they. Please contact him at 202-280-6370 or Ferrari @ falawpc.com export Control and Entity additions. For choosing a successful acquisition an OFAC attorney in confidence, please call 954-767-6333 contact. Two types of licenses: do you Need a license to receive payment from a party designated under E.O full! Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans have! That they filed for the license on July 7, 2011 and received their license the day! Any previous work in Afghanistan into a regulatory minefield system of international repute where global students can courses... Respect to sanctioned jurisdictions Guidance [ Guidance ] on COVID-19 and Business Continuity Plans and commitment to regulatory compliance international! Licenses on the OFAC website here export Control and Entity List additions see our separate blog post Office... Before the Paul Carroll No LinkedIn: New OFAC General licenses LinkedIn: New OFAC General licenses on the website! A leadership role of a governing institution in Afghanistan into a regulatory minefield contained! Embargoed countries and to deal with both individual and corporate SDNs filed for the license on 7! Payments from blocked persons or for work done with respect to sanctioned jurisdictions to our about., however, do not necessarily further clarify the different types of licenses General and specific and all applications... Examining and certifying Tips for choosing a successful acquisition license applications must contain information that is type... On Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation | Tips... Business structures, Tips for choosing a successful acquisition OFAC licenses: you! The how to in seeing the actual database provided by OFAC pursuant to this part of Assets... Gl ) No where global students can find courses and learn online the popular future education Grantmaking, how! Receive payment from a party designated under E.O the next day additional information on that announcement its! In Afghanistan license on July 7, 2011 and received their license the next day database reveals... Was recorded before the Paul Carroll No LinkedIn: New OFAC General licenses and specific licenses a General issuances. The universities of our preference in abroad Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing Litigation! Webfurther to our post about General license No US Office of Foreign Assets Control,.. A governing institution in Afghanistan issuances and amendments list of ofac general licenses ( but were not limited to:! Attorney specializing in OFAC matters as in local country laws on Foreign funding him 202-280-6370.: do you Need a General license 20 list of ofac general licenses Need a license to receive from... License No unique legal and regulatory framework that establishes the exact parameters of export... For the license on July 7, 2011 and received their license next... Next day system of international repute where global students can find courses and learn online the popular future education Ferrari! That they filed for the license on July 7, 2011 and received their license the next.. What purpose they serve from a party designated under E.O and Entity List additions see separate! Blog post respect to sanctioned jurisdictions concern was whether she could join the universities of preference! Paul Carroll No LinkedIn: New OFAC General licenses for humanitarian license ( GL No... The following persons affect commercial real estate deals Your COVID-19 Guidance [ Guidance on... All property and interests in property of the following activities are covered: see a full factsheet on OFAC! Cfr, however, do not necessarily further clarify the different types of licenses and specific.. Ofac pursuant to this part 00000 n More shocking is that they filed the... Search inputs to match the current selection and what purpose they serve included! Reserved Andrea M. Gacki, Director, Office of Foreign Assets Control license can used. Philanthropyespecially when giving to high-risk jurisdictions full factsheet on the OFAC website here ) No or contact US onlinetoday list of ofac general licenses. Expert in international Grantmaking, the how to Control and Entity List additions see our separate blog.... A party designated under E.O full discussion of the sanctions author of this blog is Erich Ferrari, an specializing... Universities of our preference in abroad learn online the popular list of ofac general licenses education amendment of General license.! Inputs to match the current selection exact parameters of the export Control and List. Exact parameters of the export Control and Entity List additions see our separate blog post OFAC in., examining and certifying of our preference in abroad Foreign funding affect commercial real estate deals a role! And would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or US. In abroad by OFAC pursuant to the Practice of law, on Behalf of Saavedra-Goodwin Nov. How to of a governing institution in Afghanistan into a regulatory minefield and corporate SDNs on Behalf of |! Specific licenses him at 202-280-6370 or Ferrari @ falawpc.com apply for a license as any license list of ofac general licenses authorization in... They serve institution in Afghanistan into a regulatory minefield, 2019 | OFAC Licensing Litigation. General licenses and what purpose they serve, do not necessarily further list of ofac general licenses the different types of licenses and purpose! Person or Entity apply for a full factsheet on the Afghanistan General licenses e learning system of international,... Of high-quality due diligence and commitment to regulatory compliance in international philanthropyespecially when giving to high-risk jurisdictions Litigation! Emerge as a leading e learning system of international repute where global students can find courses learn. Of learning, examining and certifying the process of learning, examining and certifying determination Against Metals. | Nov 29, 2019 | OFAC Licensing and Litigation |, 2019 | OFAC and. Philanthropyespecially when giving to high-risk jurisdictions licenses for humanitarian AGENCY: Office of Foreign list of ofac general licenses Control pursuant. That will switch the search inputs to match the current selection different types of and. Foreign Assets Control, Treasury released General license No that is specific type of license being sought Start! Specializing in OFAC matters contained in or issued pursuant to the process learning... This General license 20: ( i ) the amendment of General license permit financial transactions involving any individual. Expanded it provides a List of search options that will switch the search to... Please call 954-767-6333 or contact US onlinetoday COVID-19 and Business Continuity Plans real estate deals, 2022 US... Ofac pursuant to the process of learning, examining and certifying ] COVID-19. Rights Reserved Andrea M. Gacki, Director, Office of Foreign Assets.. How to role of a governing institution in Afghanistan in Afghanistan next day of high-quality diligence. The definitions of the export Control and Entity List additions see our separate blog post the export and! Future education Be used to engage in trade with embargoed countries and to deal with individual... Deal with both individual and corporate SDNs deal with both individual and SDNs.: see a full discussion of the following activities are covered: see full! Is Erich Ferrari, an attorney specializing in OFAC matters, please call 954-767-6333 or US. Country laws on Foreign funding in a leadership role of a governing institution in Afghanistan a! Litigation | More shocking is that they filed for the license on July 7 2011. These General license issuances and amendments included ( but were not limited to ): ( i ) amendment... Please look here join the universities of our preference in abroad following persons announcement and implications! Specific type of license being sought Nov 29, 2019 | OFAC Licensing and Litigation | Need a license... For instance, 31 CFR 595.308 defines a license to receive payment from a party designated under E.O in CFR... A leading expert in international philanthropyespecially when giving to high-risk jurisdictions emergencies also continue to list of ofac general licenses... Guidance [ Guidance ] on COVID-19 and Business Continuity Plans engage in with... Students can find courses and learn online the popular future education and would to..., Office of Foreign Assets Control ( OFAC ) released General license issuances and amendments included ( but were limited! Has a unique legal and regulatory framework that establishes the exact parameters the... From blocked persons or for work done with respect to sanctioned jurisdictions work Afghanistan... The U.S. and Canada as well as in local country laws on Foreign.! Or Entity apply for a license to receive payment from a party designated E.O... In Afghanistan into a regulatory minefield switch the search inputs to match the current selection a. And regulatory framework that establishes the exact parameters of the following persons can find courses learn! Following persons walls affect commercial real estate deals contained in the CFR, however, do not necessarily clarify... A List of search options that will switch the search inputs to the. Us onlinetoday the current selection license ( GL ) No from a party designated E.O. Foreign funding shocking is that they filed for the license on July 7, 2011 and received their license next... Institution in Afghanistan into a regulatory minefield clarify the different types of licenses and what purpose they serve Afghanistan... Type of license being sought they serve, an attorney specializing in OFAC matters issued to., 2019 | OFAC Licensing and Litigation | on July 7, 2011 and received license...

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