OFAC NEW SANCTIONS DESIGNATIONS AND NEW SYRIA GENERAL LICENSE AND FAQ

On 30 September, OFAC advised the addition of 7 individuals and 13 entities to its SDN Lists.  The designations are in connection with Syria and, in the case of 1 individual, Cuba.  It has also issued new General License 20 (Authorizing Transactions and Activities Necessary for Wind Down of Transactions with Emma Tel LLC), which is included on the list of new designations, and new FAQ 841 which explains the purpose of the new License.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20200930

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/841

https://home.treasury.gov/news/press-releases/sm1141?src=ilaw

I had left off this link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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