OFAC ALSO ISSUES ETHIOPIA SANCTIONS GENERAL LICENSE AND FAQ

On 12 November, OFAC advised that it had issued General License No 4 “Authorizing the Wind Down of Transactions Involving Hidri Trust or Red Sea Trading Corporation”, alongside amended FAQ 927 and new FAQ 935 and 936.

https://home.treasury.gov/system/files/126/ethiopia_gl4.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20211112

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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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