OFAC GENERAL LICENSE UNDER RUSSIAN SANCTIONS REGULATIONS FOR CLOSING PERSONAL ACCOUNTS

On 19 August, Fried Frank reported that OFAC had issued a new General License that authorises transactions ordinarily incident and necessary to the closing of personal accounts at financial institutions that are blocked by the Russian sanctions under EO 14024.

https://www.findknowdo.com/news/08/19/2022/ofac-issues-general-license-under-russian-sanctions-regulations-closing-personal-accounts

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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 View all posts by raytodd2017