OFAC: NEW SANCTIONS GENERAL LICENSES AND FAQ

On 17 June, OFAC announced 3 new General Licenses – Syria General License 21, Venezuela General License 39, and Iran General License N, “Authorizing Certain Activities to Respond to the Coronavirus Disease 2019 (COVID-19) Pandemic”.  It also issued associated FAQ 906 to 911.  The new General Licenses are time-limited and are designed to provide broad authorisations for certain COVID-19-related transactions and activities.  

https://content.govdelivery.com/accounts/USTREAS/bulletins/2e471ab

 

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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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