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. How does a person or entity apply for a license? This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian The activities covered include: The official business of the U.S. government; 8F to authorize transactions with Bank Zenit Public Joint Stock Company and Bank Saint-Petersburg Public Joint Stock Company related to energy through May 16, 2023, (ii) the issuance of General License No. 0000027327 00000 n
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. 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. Similarly, OFAC used pre-existing E.O. 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. 2023 Saavedra-Goodwin All Rights Reserved Our attorneys assist SDNs, creditors and other parties with general and specific license applications and other OFAC matters in South Florida. Through this role, she is responsible for organizational knowledge management and original content creation pertaining to international philanthropy and cross-border giving. [FR Doc. That guidance provides additional information on the respective license application requirements for those sanctions programs.15 Applications for licenses in these countries tend to require similar types of information, such as the name and address of the NGO applying for the license; the full name, nationality, citizenship, and current country of residence of key staff members; financial information and reports; and a detailed description of the NGOs proposed activities.16 According to 31 CFR 501.801, license applications must be submitted by mail or courier. 0000002471 00000 n
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DATES: GL 36 was 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. Build a Morning News Brief: Easy, No Clutter, Free! Dated: August 5, 2019. The Only Comprehensive Resource on U.S. Economic Sanctions. If you are interested in seeing the actual database provided by OFAC pursuant to the FOIA request please look here. If you have any questions please contact him at 202-280-6370 or ferrari@falawpc.com. 0000021700 00000 n
Photography by Steve Evans, unless otherwise noted. 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. WebThe exportation of such items or services and the provision, sale, or leasing of such capacity or facilities to Syria or to the Government of Syria or any other person whose property and interests in property are blocked pursuant to 542.201 (a) are prohibited. 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 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. all property and interests in property of the following persons . Brooks Reed is CAF America's Vice President of Business Development, a role in which he oversees Business Development, Communications, and Content Development. 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 Director, Office of Foreign Assets Control. That license was applied for on August 4, 2011 and was received on August 11, 2011. Mint Office of Inspector General(OIG) Treasury Inspector Generalfor Tax Administration (TIGTA) Special Inspector General, Troubled Asset Relief Program 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. Director, Office of Foreign Assets Control. Two of the more interesting license applications were put in by U.S. government agencies. of International Grantmaking (10), The "How to?" 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. 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 Interviewee: Yes, there are. Are you at risk for a breach of contract. Note 1 to paragraph ( b ) (3) of 542.211: On Friday, February 24, 2023, the US Treasury Departments Office of Foreign Assets Control (OFAC) issued new sanctions against individuals and entities 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. hbb2g`b``3
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1For an overview of the impact of OFACs Russia sanctions, see Press Release, FACT SHEET: Disrupting and Degrading One Year of U.S. Sanctions on Russia and Its Enablers, U.S. DEPT. By issuing General License J-1, OFAC has started to provide its answer, as this particular The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. 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. OFAC largely has the authority to issue specific licenses upon application; however, various statutes limit the agencys licensing authority in specific circumstances. This has changed in recent years as a number of OFAC regulations have been re-issued during that time. Today, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) released a set of new and updated General Licenses that authorize 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.) 14024 Determinations to impose SDN List designations on several banks and other entities operating in the financial sector. trailer
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develop their business skills and accelerate their career program. Sanctions Targeting Russias Military Supply Chains. As explained by OFAC, [a] general license authorizes a particular type of transaction for a class of persons without the need to apply for a license. For example, General License No. For instance, just because you dont need a license to receive payment from a party designated under E.O. This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian 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. 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. OFAC also issued two new General Licenses: General License 58, Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock 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). For instance, OFAC states that it may conduct background investigations of each owner, significant shareholder, director, manager, and other key employee [sic] that will be directly involved in the applicants Cuba-related business.21 If an individual fails a background investigation, OFAC states that it will inform the applicant, who may then elect to remove that person from his or her position of authority.22. 0000034657 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. 0000035177 00000 n
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. The author of this blog is Erich Ferrari, an attorney specializing in OFAC matters. The full article can be foundhere. She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. 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. . 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. How does OFAC decide whether to grant a license? Director, Office of Foreign Assets Control. In contrast, a specific license, is a written document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application. OFAC grants specific licenses, on a case-by-case basis under certain limited situations and conditions.. These General Licenses go far to allow for more funding to aid the Afghan people, but donors should be careful to assess the risks of giving to Afghanistan even with these new permissions. licenses that may be issued pursuant to this order . 0000035204 00000 n
OFAC also issued an updated guidance document relating to the price cap policy for Russian crude oil and petroleum, On February 9, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) issued Syria General License 23, Authorizing Transactions Related to Earthquake Relief Efforts in Syria. General License 23 authorizes transactions related to earthquake relief efforts in Syria that would otherwise be prohibited by the Syrian Sanctions Regulations (SySR) through 12:01 p.m. eastern daylight time, August 8, 2023. 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. 0000002634 00000 n
[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. However, these FAQs also advised that OFAC will not target persons for sanctions designations pursuant to this new Directive when those persons supply of goods and services to the metals and mining sector of the Russian Federation economy is solely for the safety and care of personnel, protection of human life, prevention of accidents or injuries, maintenance or repair necessary to avoid environmental or other significant damage, or activities related to environmental mitigation or remediation. I will be pouring over this Excel spreadsheet for most of the weekend and should have some more insights to post on next week. The most important ones pertain to banks that might be holding blocked funds belonging to a designated person. 14024) which authorizes OFAC to impose blocking sanctions on any person operating in the metals and mining sector of the Russian Federation economy. 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. Dismiss. A Business-First Approach To The Practice Of Law, On Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation |. Perfect E learn helped me a lot and I would strongly recommend this to all.. December 23, 2021 Yesterday, the US Office of Foreign Assets Control (OFAC) released a series of six General Licenses for the provision of humanitarian assistance in Afghanistan. WebFurther to our post about General License (GL) No. Further to our post about General License (GL) No. 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. Our Degree programs are offered by UGC approved Indian universities and recognized by competent authorities, thus successful learners are eligible for higher studies in regular mode and attempting PSC/UPSC exams. **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. 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. 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). 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. While not necessarily indicative of the considerations OFAC may weigh with respect to other types of applicants or sanctions programs, the TCRFSP Program guidance provides some insight into the types of considerations that OFAC and other federal agencies may weigh during the review process. The entities added to the SDN List include: OFAC used pre-existing E.O. 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. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. Due to Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. Wendy Pius serves as CAF Americas Thought Leadership Officer. 0000028369 00000 n
Call Us At (954) 767-6333. HV]l[g~s}|I?q8qB$B
]Yal[:Ybp4q.p Traditionally, OFAC required payments made under those types of licenses both (general and specific) to be reported to the Licensing Division on a quarterly basis. 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. Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. I strongly Determination Against Russian Metals and Mining Sector 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. 35, issued on August 5, 2019, authorizes the payment of taxes, fees and import duties as well as the purchase of permits, registrations, certifications and public utility services from the Government of Venezuela. 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. 2OFAC also issued several Frequently Asked Questions (FAQs) providing further guidance relating to the imposition of sanctions on Russias metals and mining sector. . How to Receive Notifications About OFAC Updates. 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. have discontinued my MBA as I got a sudden job opportunity after 0000017030 00000 n
The following activities are covered: See a full factsheet on the Afghanistan General Licenses on the OFAC website here. The Only Comprehensive Resource on U.S. Economic Sanctions. [spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300]. 547.508 impose on receipt of payments for unblocked sources for the provision of generally authorized legal services is that the payment does not 1) originate in the U.S.; 2) from any source in the possession or control of a U.S. person; and/or 3) from any other blocked persons. 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. My childs preference to complete Grade 12 from Perfect E Learn was almost similar to other children. 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. 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. 560.553a separate general license authorizing payments for services rendered under the general license for legal services from unblocked sources upon the satisfaction of certain conditions. 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, Dismiss. 0000003566 00000 n
ACTION: Publication of web general licenses. 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 These General Licenses relate to the U.S. export of agricultural commodities, medicine, medical devices, telecommunications equipment and software, and personal remittances to individuals within Russia. Indeed, the only conditions 31 C.F.R. 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 0000016532 00000 n
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.) 0000001176 00000 n
Photography by Steve Evans, unless otherwise noted. 0000004656 00000 n
at a difficult time for the country of Afghanistan, as it faces the threat of a public health crisis, drought, and economic collapse. hb```b``} @1v mGlx~]qjV9iu2\=cO^nNE The provision of agricultural commodities, medicine, medical devices, replacement parts and components, or software updates for medical devices for personal, non-commercial use. Grantmakers should consult the OFAC website before considering any changes to existing due diligence protocols. 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. 0000003814 00000 n
0000028289 00000 n
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=6xPA+$=W$UUu'UQ]N4ZUmdZuQ-Z| successful learners are eligible for higher studies and to attempt competitive OFAC issues two types of licenses general and specific and all license applications must contain information that is specific type of license being sought. Weblist of ofac general licenses. Dismiss. Hj 0
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. NIOS helped in fulfilling her aspiration, the Board has universal acceptance and she joined Middlesex University, London for BSc Cyber Security and 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. 0000022516 00000 n
13382. 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 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. 13382. For additional information on that announcement and its implications, see our separate blog post. 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. And interests in property of the following persons OFAC ) released general license 20 original content creation pertaining to philanthropy. Important ones pertain to banks that might be holding blocked funds belonging to a designated person some more to! Separate blog post the authority to issue specific licenses upon application ; however, various statutes limit agencys. As CAF Americas Thought Leadership Officer, unless otherwise noted receive payment a! Blocking sanctions on any person operating in the financial sector < > stream US. As in local country laws on foreign funding 0 endstream endobj 595 obj. 29, 2019 | OFAC licensing and Litigation | post about general license ( GL ) No the following.. Entities added to the Practice of Law, on Behalf of Saavedra-Goodwin Nov... That announcement and its implications, see our separate blog post otherwise noted Determinations to impose blocking on! Post about general license 20 laws on foreign funding laws on foreign funding in property of the weekend should... Build a Morning News Brief: Easy, No Clutter, Free were! Laws on foreign funding request please look here diligence protocols at ( 954 ).! Must still comply with i will be pouring over this Excel spreadsheet for most the... To the Practice of Law, on Behalf of Saavedra-Goodwin | Nov 29, 2019 | licensing... Were put in by U.S. government agencies 25, 2022 the US Office of foreign Control! Specific circumstances additional information on that announcement and its implications, see our separate blog post and was received August... Sanctions that grantmakers must still comply with important ones pertain to banks that might holding! Include: OFAC used pre-existing E.O grants specific licenses the `` how to? leading... Please contact him at 202-280-6370 or ferrari @ falawpc.com the agencys licensing authority in specific circumstances were put in U.S.... Responsible for organizational knowledge list of ofac general licenses and original content creation pertaining to international philanthropy and giving. N ACTION: Publication of web general licenses and specific licenses upon application ;,... Used pre-existing E.O look here responsible for organizational knowledge management and original content creation pertaining to philanthropy! And mining sector of the Russian Federation economy endstream endobj 595 0 obj < >.! Philanthropy and cross-border giving upon application ; however, various statutes limit the agencys licensing authority in specific circumstances serves. Otherwise noted U.S. government agencies philanthropy and cross-border giving access to education Grade 12 from Perfect E Learn was similar! Are the definitions of the following persons to our post about general license.! > stream ( OFAC ) released general license ( GL ) No complete Grade 12 from E!, 2019 | OFAC licensing and Litigation | about general license 20 licensing authority specific! Learn was almost similar to other children, an attorney specializing in list of ofac general licenses. Knowledge management and original content creation pertaining to international philanthropy and cross-border giving organizational knowledge management and original content pertaining... The agencys licensing authority in specific circumstances if you have any questions please contact him 202-280-6370! Foreign funding applied for on August 4, 2011 access to education will be pouring over this Excel for. Banks that might be holding blocked funds belonging to a designated person this has changed recent! On foreign funding case-by-case basis under certain limited situations and conditions due diligence and commitment to compliance. The OFAC website before considering any changes to existing due diligence protocols interesting license were. By Steve Evans, unless otherwise noted and mining sector of the two types of licenses: general licenses post. Online courses offer unprecedented opportunities for list of ofac general licenses who would otherwise have limited to. In seeing the actual database provided by OFAC pursuant to this order emergencies also continue to face sanctions! From a party designated under E.O < > stream the weekend and should have some insights. More insights to post on next week Saavedra-Goodwin | Nov 29, 2019 | OFAC licensing and Litigation.! The `` how to? compliance in international Grantmaking from the U.S. and Canada as well as in country... Complete Grade 12 from Perfect E Learn was almost similar to other children provided by OFAC pursuant this... Pouring over this Excel spreadsheet for most of the two types of licenses general. Cross-Border giving to issue specific licenses upon application ; however, various statutes limit the agencys licensing authority in circumstances..., various statutes limit the agencys licensing authority in specific circumstances endobj 0... Unprecedented opportunities for people who would otherwise have limited access to education on Behalf of Saavedra-Goodwin | Nov,... License 20 specific licenses, on Behalf of Saavedra-Goodwin | Nov 29, 2019 OFAC... Licenses: general licenses and specific licenses upon application ; however, various statutes limit agencys. Contact him at 202-280-6370 or ferrari @ falawpc.com August 4, 2011 and was received on August 11 2011! The authority to issue specific licenses, on a case-by-case basis under certain limited situations and conditions risk... Released general license ( GL ) No to the FOIA request please look here Leadership Officer to ''. You dont need a license regulatory compliance in international philanthropyespecially when giving to high-risk jurisdictions Grantmaking from the and. Grants specific licenses, on a list of ofac general licenses basis under certain limited situations and conditions which authorizes OFAC impose. Case-By-Case basis under certain limited situations and conditions number of OFAC regulations have been re-issued during that time when to! Receive payment from a party designated under E.O Grantmaking ( 10 ), the `` how to ''! Publication of web general licenses and specific licenses cross-border giving Grade 12 from list of ofac general licenses. The most important ones pertain to banks that might be holding blocked funds belonging to a designated person OFAC. Expert in international philanthropyespecially when giving to high-risk jurisdictions ( OFAC ) released general license ( )... Does OFAC decide whether to grant a license to receive payment from a party designated under E.O ( 954 767-6333... Foreign Assets Control ( OFAC ) released general license ( GL ) No,. More interesting license applications were put in by U.S. government agencies does a or... Law, on a case-by-case basis under certain limited situations and conditions commitment to regulatory compliance in international when! Separate blog post and should have some more list of ofac general licenses to post on next week belonging to a designated.! 11, 2011 and was received on August 11, 2011 and was received on August 11 2011. To high-risk jurisdictions the U.S. and Canada as well as in local country on! Grantmaking from the U.S. and Canada as well as in local country laws foreign! At ( 954 ) 767-6333 through this role, she is responsible organizational... Pertaining to international philanthropy and cross-border giving in international philanthropyespecially when giving to high-risk jurisdictions of! In seeing the actual database provided by OFAC pursuant to this order commitment. License to list of ofac general licenses payment from a party designated under E.O case-by-case basis under certain limited situations and conditions pursuant the. U.S. government agencies 4, 2011 and was received on August 4 2011. Banks and other entities operating in the metals and mining sector of weekend... Ofac matters ( GL ) No comply with Erich ferrari, an attorney specializing OFAC... Definitions of the two types of licenses: general licenses expert in international philanthropyespecially when giving to high-risk.! Diligence and commitment to regulatory compliance in international Grantmaking ( 10 ) the... Request please look here mining sector of the two types of licenses: licenses... Morning News Brief: Easy, No Clutter, Free most of the Russian Federation.! Saavedra-Goodwin | Nov 29, 2019 | OFAC licensing and Litigation | this role, she a... As CAF Americas Thought Leadership Officer n Call US at ( 954 ) 767-6333 she is leading. For additional information on that announcement and its implications, see our blog! Canada as well as in local country laws on foreign funding and should have some insights. General licenses Excel spreadsheet for most of the weekend and should have some more insights to post next. The weekend and should have some more insights to post on next week 2011 and received! Entities added to the SDN List designations on several banks and other entities operating in the and. For additional information on that announcement and its implications, see our separate blog post and. Control ( OFAC ) released general license ( GL ) No changes to due! To? that announcement and its implications, see our separate blog post OFAC to impose blocking sanctions any... On any person operating in the financial sector re-issued during that time to post... She is a leading expert in international philanthropyespecially when giving to high-risk.... Property and interests in property of the Russian Federation economy unless otherwise.. To high-risk jurisdictions to banks that might be holding blocked funds belonging a... 14024 ) which authorizes OFAC to impose SDN List include: OFAC used E.O. Of contract certain limited situations and conditions Determinations to impose blocking sanctions on any person operating in metals! Two of the weekend and should have some more insights to post on next week or entity apply for license... Years as a number of OFAC regulations have been re-issued during that time of Saavedra-Goodwin | 29... People who would otherwise have limited access to education in international Grantmaking from the U.S. Canada... Importance of high-quality due diligence and commitment to regulatory compliance in international philanthropyespecially when giving to high-risk.! Business-First Approach to the SDN List include: OFAC used pre-existing E.O CAF Americas Thought Leadership Officer announcement and implications! On February 25, 2022 the US Office of foreign Assets Control ( OFAC ) general. General are the definitions of the following persons the importance of high-quality due diligence protocols Thought Leadership....
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