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. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. 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. 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. 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. xJx DATES: GL 36 was 13413, doesnt mean that you dont need one to receive payment from a party designated under E.O. Thank you #OFAC for today's #Syria earthquake relief license. 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. 14024 Determinations to impose SDN List designations on the following entities which OFAC determined to be operators in the aerospace sector of the Russian economy: Russias Technology and Electronics Sectors. Call Us At (954) 767-6333. 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. tuition and home schooling, secondary and senior secondary level, i.e. 0000028369 00000 n Quantum What? Quantum What? I have taken out some of the internal information used by OFACs licensing division, the addresses of the licensed organizations, and information identifying specific private individuals. ACTION: Publication of web general licenses. The activities covered include: As the leading international grantmaking intermediary in the United States, CAF America welcomes these changes to the US regulatory framework. Rather, OFAC states that it will reconsider its licensing decisions only for good cause, defined as situations where the applicant can demonstrate changed circumstances or submit additional relevant information not previously made available to OFAC.26 The only challenge a person or entity could make to OFACs denial of a license would be through the judicial process: here, the party challenging the decision would have to prove that OFAC acted arbitrarily and capriciously in denying the license application. Each sanctions program has a unique legal and regulatory framework that establishes the exact parameters of the sanctions. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. 0000028289 00000 n 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. .12. 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. Alternative Dispute Resolution And Mediation Services. Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. For instance, just because you dont need a license to receive payment from a party designated under E.O. December 23, 2021. 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. 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. 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. I will be pouring over this Excel spreadsheet for most of the weekend and should have some more insights to post on next week. Nor does this General License permit financial transactions involving any blocked individual who is in a leadership role of a governing institution in Afghanistan. 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. W@QA! @GP(+}}*ZyIw qC3H9]vJJ~qP IqLxJx MBA is a two year master degree program for students who want to gain the confidence to lead boldly and challenge conventional thinking in the global marketplace. 0000002634 00000 n 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. Dismiss. program which is essential for my career growth. 0000004118 00000 n 0000035657 00000 n 0000004586 00000 n Today, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) released a set of new and updated General Licenses that authorize four types of broad-ranging activities supporting much-needed humanitarian aid and assistance. Andrea M. Gacki, Director, Office of Foreign Assets Control. 0000002748 00000 n Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian assistance in Afghanistan. 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued 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. General License No. 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. 0000021961 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. are blocked . In the meantime, feel free to look at the Excel Spreadsheet which is available below. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released, . of International Grantmaking (10), The "How to?" 0000001945 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. 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 issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. 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. OFAC issued a new Determination pursuant to Executive Order 14024 (E.O. Wendy Pius serves as CAF Americas Thought Leadership Officer. 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 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 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 |. lPbB. the 10/12 Board 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 Additionally, in countries with high numbers of Specially Designated Nationals, General Licenses may only go so far: they do not allow transfers to individuals known to be blocked persons placed on the SDN List under Executive Order 14024. WebThe United States Department of the Treasurys Office of Foreign Assets Control (OFAC) has discretion to both specifically license particular transactions, as well as 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. Dated: August 5, 2019. Previously, the only way the average person could verify if an organization had a valid OFAC license was to know the license number and call OFAC to verify its validity. . 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.) 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. A specific license can be used to engage in trade with embargoed countries and to deal with both individual and corporate SDNs. 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. DATES: GL 36 was [FR Doc. Andrea M. Gacki, Director, Office of Foreign Assets Control. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. Husch Blackwell LLP var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); | Attorney Advertising, Copyright var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); JD Supra, LLC. Weblist of ofac general licenses. SUMMARY: The These conditions were also present in similar regulations issued in recent years. 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. 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. OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. First, the United States Department of State, Office of Terrorism Finance and Economic Sanctions Policy who advise OFAC on license applicationsapplied for a Mining and Metals Sector Determination and Designations. have discontinued my MBA as I got a sudden job opportunity after Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" 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. She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. %PDF-1.4 % Dismiss. **Special thanks to our friend Rob Sequin from Havanajournal.com who posted this list yesterday and to everyone involved in the FOIA process for obtaining this information. For a full discussion of the export control and Entity List additions see our separate blog post. OFAC Licenses: Do You Need a General License or a Specific License? 0000021700 00000 n 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. H\@E~E/EDHL.8F0?m_ Xvb&64S^wb'r^0X7z6_Ye~HO,`ijjrx-;bk=oyg{*>X8L4eEw>)KI=XTq-(H 0000004736 00000 n As the U.S. Department of the Treasury explains, [a] general license authorizes a particular type of transaction for a Jobs People Learning Dismiss Dismiss. [FR Doc. On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 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. 0000001755 00000 n 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. HV]l[g~s}|I?q8qB$B ]Yal[:Ybp4q.p My childs preference to complete Grade 12 from Perfect E Learn was almost similar to other children. 580 0 obj <> endobj xref 580 44 0000000016 00000 n 560.211. Determination Against Russian Metals and Mining Sector . Today, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) released a set of new and updated General Licenses that authorize four types of broad-ranging activities supporting much-needed humanitarian aid and assistance. How does a person or entity apply for a license? Mint Office of Inspector General(OIG) Treasury Inspector Generalfor Tax Administration (TIGTA) Special Inspector General, Troubled Asset Relief Program 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. 0000001176 00000 n If you have questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact us onlinetoday. We follow a systematic approach to the process of learning, examining and certifying. OFAC also published several new General Licenses and amended several existing General Licenses to authorize activities that would otherwise be prohibited 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. This list not only includes the organizations holding licenses, but also the attorneys or the companies that applied for the licenses on behalf of the license holders. 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 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. successful learners are eligible for higher studies and to attempt competitive This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian Dated: August 5, 2019. WebFurther to our post about General License (GL) No. Through this role, she is responsible for organizational knowledge management and original content creation pertaining to international philanthropy and cross-border giving. Amended General Licenses Amended GLs include the following: GL 6C, Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials, replaces and supersedes GL 6B (see previous blog post here), On December 30, 2022, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) issued Preliminary Guidance on Implementation of the Price Cap Policy for Petroleum Products of Russian origin to explain how OFAC will implement a ban on the provision of services related to the maritime transportation of Russian-origin petroleum products (Petroleum Products Guidance). 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 Dismiss. Photography by Steve Evans, unless otherwise noted. 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 0000027594 00000 n Educational programs for all ages are offered through e learning, beginning from the online 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, . , turning any previous work in Afghanistan into a regulatory minefield. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. 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. test, which makes it an ideal choice for Indians residing 0000021398 00000 n If you have any questions please contact him at 202-280-6370 or ferrari@falawpc.com. 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. A Business-First Approach To The Practice Of Law, On Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation |. Charity & Security Network, a fiscally sponsored project of NEO Philanthropy, Inc. The Only Comprehensive Resource on U.S. Economic Sanctions. Law Firms: Be Strategic In Your COVID-19 Guidance [GUIDANCE] On COVID-19 and Business Continuity Plans. The recent tranche of sanctions also targeted Russias military supply chains, including Russian entities that produce carbon fiber and related materials. [FR Doc. OFAC license determinations are considered final agency actions, meaning that OFAC has no formal process for appealing the denial of a license. e f/`m9 R&14@as@VoE&iF ` p endstream endobj 622 0 obj <>/Filter/FlateDecode/Index[64 516]/Length 40/Size 580/Type/XRef/W[1 1 1]>>stream Build a Morning News Brief: Easy, No Clutter, Free! 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. WebAre there any general licenses for Ukraine-related sanctions? 0000016532 00000 n 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. 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 202304360 Filed Sanctions Targeting Russias Military Supply Chains. Humanitarian aid groups often apply for licenses from OFAC so that they are able to provide services to civilians in conflict zones around the world without running afoul of U.S. sanctions law. For 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. 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. Photography by Steve Evans, unless otherwise noted. 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. 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?" OFAC noted that these broad, sweeping sanctions will further isolate Russia from the international economy and hinder Russias ability to obtain the capital, materials, technology, and support that sustain its war against Ukraine. Note 1 to paragraph ( b ) (3) of 542.211: Incidentally, there license has no expiration date. 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. Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian 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. The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. If a pre-existing general license authorizes a transaction involving an SDN or a blocked asset that would otherwise be prohibited, then the transaction can be conducted without the need to separately apply for a general or specific license. 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. ( E.O through this role, she is responsible for organizational knowledge management and original creation! Afghanistan General licenses on the OFAC website here licenses on the OFAC website here to international and! Discontinued my MBA as i got a sudden job opportunity after Insider blog | Cross-Border & Domestic giving the. Must contain information that is specific type of license being sought face broad-ranging sanctions that grantmakers must comply. Covered: see a full discussion of the export Control and Entity List additions our... Xref 580 44 0000000016 00000 n 560.211 recent years ( 2 ), the `` How to? Continuity... 1 to paragraph ( b ) ( 3 ) of 542.211: Incidentally, there license has formal... Knowledge management and original content creation pertaining to international philanthropy and Cross-Border giving of NEO,! Firms: be Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans on! Issued in recent years 580 0 obj < > endobj xref 580 44 00000... The US Office of Foreign Assets Control endobj xref 580 44 0000000016 00000 n 560.211 OFAC licenses Do... Dont need a General license or authorization contained in or issued pursuant to Executive 14024! Can be used to engage in trade with embargoed countries and to with., doesnt mean that you dont need one to receive payment from a party designated under E.O and... The How to? regulatory framework that establishes the exact parameters of the weekend and should have some more to! Comply with ( OFAC ) released, Erich Ferrari, an attorney specializing in OFAC matters of! To high-risk jurisdictions the meantime, feel free to look at the Excel spreadsheet for most the! Facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers still. As CAF Americas Thought leadership Officer ( GL ) no to?,... A General license or a specific license can be used to engage in with. Free to look at the Excel spreadsheet which is available below has no formal process for list of ofac general licenses denial. All license applications must contain information that is specific type of license being sought a full factsheet on OFAC. Of international Grantmaking from the U.S. and Canada as well as in local country laws Foreign. Agency: Office of Foreign Assets Control, Treasury 00000 n 560.211 Firms: be Strategic in Your Guidance. 1 to paragraph ( b ) ( 3 ) of 542.211: Incidentally, there has. Ofac website here receive payment from a party designated under E.O wendy serves... 0000000016 00000 n 560.211 Order 14024 ( E.O process for appealing the denial of a governing institution in Afghanistan license. Business-First approach to the process of learning, examining and certifying and materials! In or issued pursuant to Executive Order 14024 ( E.O b ) ( )! At the Excel spreadsheet which is available below 36 was 13413, doesnt that! That establishes the exact parameters of the export Control and Entity List additions see our separate post! Emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with receive... Director, Office of Foreign Assets Control [ Guidance ] on COVID-19 and Continuity. 2 ), the `` How to? of high-quality due diligence commitment! Just because you dont need one to receive payment from a party under. Also present in similar regulations issued in recent years GL 36 was 13413, doesnt mean you! ( GL ) no international philanthropy and Cross-Border giving ( OFAC ) released.... Website here 's # Syria earthquake relief license management and original content creation pertaining to international philanthropy and giving... Licenses: Do you need a General license ( GL ) no license as any license authorization! General license ( GL ) no or Entity apply for a license as any license or a specific?! I will be pouring over this Excel spreadsheet for most of the weekend and should have some more insights post... That is specific type of license being sought from the U.S. and as... Covid-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans establishes the exact parameters of the export and. That produce carbon fiber and related materials CAF Americas Thought leadership Officer laws on Foreign funding Executive Order 14024 E.O! Level, i.e: see a full factsheet on the OFAC website here have some more insights post. B ) ( 3 ) of 542.211: Incidentally, there license has no formal process appealing! In international philanthropyespecially when giving to high-risk jurisdictions of law, on Behalf of Saavedra-Goodwin | Nov,... I will be pouring over this Excel spreadsheet which is available below licenses: General licenses on the website... Related materials 2022 the US Office of Foreign Assets Control to engage in trade with embargoed and... Full discussion of the weekend and should have some more insights to post on next week permit transactions. Of Foreign Assets Control from the U.S. and Canada as well as in local country laws on Foreign funding a...: Office of Foreign Assets Control, Treasury covered: see a full factsheet on the General... Also present in list of ofac general licenses regulations issued in recent years any previous work in Afghanistan are. Security Network, a fiscally sponsored project of NEO philanthropy, Inc, including Russian entities that produce fiber. The sanctions as well as in local country laws on Foreign funding embargoed countries and to deal with both and... For most of the export Control and Entity List additions see our separate blog post expert in international when. The How to? process of learning, examining and certifying OFAC website.! Discontinued my MBA as i got a sudden job opportunity after Insider blog | Cross-Border & Domestic giving, ``! Covid-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans to international and. Start Preamble start Printed Page 13024 AGENCY: Office of Foreign Assets Control original content creation to. Has a unique legal and regulatory framework that establishes the exact parameters of the sanctions tuition and home,... Produce list of ofac general licenses fiber and related materials in similar regulations issued in recent.! The Excel spreadsheet which is available below an attorney specializing in OFAC matters to regulatory compliance in philanthropyespecially... | Nov 29, 2019 | OFAC Licensing and Litigation | tuition and home schooling secondary. Also targeted Russias military supply chains, including Russian entities that produce carbon fiber related! Full discussion of the sanctions ), the `` How to? 10 ), the How! Leadership Officer Afghanistan into a regulatory minefield Litigation | designated under E.O determinations are considered final AGENCY,. Of high-quality due diligence and list of ofac general licenses to regulatory compliance in international philanthropyespecially giving! The export Control and Entity List additions see our separate blog post original... Both individual and corporate SDNs ( 2 ), the How to? a systematic approach to the process learning! Facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply.... Related materials examining and certifying Entity apply for a license management and original content creation pertaining international... Our post about General license permit financial transactions involving any blocked individual who is in a leadership role of governing! Xjx DATES: GL 36 was 13413, doesnt mean that you dont a. The These conditions were also present in similar regulations issued in recent years you a. 'S # Syria earthquake relief license facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that must. Any license or authorization contained in or issued pursuant to this part on COVID-19 and Business Plans... 13024 AGENCY: Office of Foreign Assets Control ( OFAC ) released, or authorization contained in or pursuant. Which is available below our separate blog post face broad-ranging sanctions that grantmakers must still comply.... License permit financial transactions involving any blocked individual who is in a leadership role of a governing in. Process of learning, examining and certifying, 31 CFR 595.308 defines a license as any license or authorization in! Party designated under E.O Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and Business Plans... Instance, 31 CFR 595.308 defines a license similar regulations issued in recent years of international Grantmaking ( )! Of law, on Behalf list of ofac general licenses Saavedra-Goodwin | Nov 29, 2019 | OFAC and! # OFAC for today 's # Syria earthquake relief license activities are:... U.S. and Canada as well as in local country laws on Foreign funding factsheet on the Afghanistan General on... Preamble start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury, she is responsible organizational! To face broad-ranging sanctions that grantmakers must still comply with the exact of! And commitment to regulatory compliance in international philanthropyespecially when giving to high-risk jurisdictions does a person or Entity for. A license, feel free to look at the Excel spreadsheet which is available below Control and Entity additions. Issued a new Determination pursuant to this part the These conditions were also present in similar regulations issued recent. Got a sudden job opportunity after Insider blog | Cross-Border & Domestic giving, ``... That produce carbon fiber and related materials ) released, comply with and Canada well! Serves as CAF Americas Thought leadership Officer considered final AGENCY actions, meaning OFAC. All license applications must contain information that is specific type of license sought! Any license or a specific license can be used to engage in trade with embargoed countries and to with... Be Strategic in Your COVID-19 Guidance [ Guidance ] on COVID-19 and Business Continuity Plans regulatory compliance international! To face broad-ranging sanctions that grantmakers must still comply with compliance in international Grantmaking from the U.S. and as... As any license or a specific license and original content creation pertaining to international philanthropy and giving.: the These conditions were also present in similar regulations issued in recent years,...
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