Indeed, the only conditions 31 C.F.R. lPbB. 0000027836 00000 n 0000027327 00000 n He frequently represents clients before the United States Department of the Treasurys Office of Foreign Assets Control (OFAC), the United States Department of Commerces Bureau of Industry and Security (BIS), and in federal courts around the country. WebFurther to our post about General License (GL) No. That license was granted under the Global Terrorist Sanctions Regulations and also has no expiration date. , turning any previous work in Afghanistan into a regulatory minefield. 0000003566 00000 n Persons or entities seeking to engage in an otherwise prohibited activity may submit an application for a license to OFAC. 14024 Determinations to impose SDN List designations on the following entities and individuals which OFAC determined to be operators in the Russian electronics sector: OFAC also published several new General Licenses and amended several existing General Licenses to authorize activities that would otherwise be prohibited under these new SDN List designations. A Business-First Approach To The Practice Of Law, On Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation |. From:OFAC Licensing Background Briefing,Counterterrorism and Humanitarian Engagement Project,Harvard Law School, March 2013,http://blogs.law.harvard.edu/cheproject/files/2012/10/CHE-Project-OFAC-Licensing.pdf, 700 12th Street NW Suite 700, Washington, DC 20005 | (202) 770-1751 |. Certain financial institutions may still choose not to honor these licenses; thus finding a banking partner that will transfer funds into these regions will still be an important step.. 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. This was recorded before the Paul Carroll no LinkedIn: New OFAC General Licenses for Humanitarian If a pre-existing general license authorizes a transaction involving an SDN or a blocked asset that would otherwise be prohibited, then the transaction can be conducted without the need to separately apply for a general or specific license. 0000004736 00000 n W@QA! @GP(+}}*ZyIw qC3H9]vJJ~qP IqLxJx What is interesting, however, is that OFAC has not remained consistent in implementing the change from quarterly to annual reporting under these types of authorizations. Once issued, a specific license authorizes only the transaction or dealings covered in the license application. OFAC broadly states that its licensing determinations are guided by U.S. foreign policy and national security concerns and may involve coordination with other federal agencies, including the U.S. Department of State and the U.S. Department of Commerce.18 One reason that other agencies may be brought in to deliberate a license application involves the content of the application: for instance, if the proposed license involves exports, the Commerce Department may participate in the approval process.19 If the proposed license implicates State Department regulations, such as arms trafficking, then the State Department may also review the license application.20 In its guidance on the Traveler, Carrier, and Remittance Forwarding Service Provider Program (TCRFSP Program), OFAC provides some additional information on the factors it may consider when granting service provider licenses in the context of its Cuban sanctions program. We follow a systematic approach to the process of learning, examining and certifying. For additional information regarding the scope of the Russian sanctions and the General Licenses thereto, see OFACs FAQ successful learners are eligible for higher studies and to attempt competitive Interviewee: Yes, there are. xJx 60 to authorize wind down and rejection transactions through May 25, 2023 involving certain financial institutions blocked on February 24, 2023, and (iii) the issuance of General License No. 0000021961 00000 n While many of these general licenses look to be identical, there are certain differences between them. graduation. New General Licenses OFAC issued six new general licenses on April 6 and five on April 7 which authorize certain types of transactions and implement wind-down periods with listed Russian banks for activities otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations (RuHSR), as detailed in the chart below. Director, Office of Foreign Assets Control. This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian HK1)rd*4 =6xPA+$=W$UUu'UQ]N4ZUmdZuQ-Z| OFAC imposed SDN List designations on the following individuals and entities for their roles in helping Russia: Russian Elite-Linked Businessman Tied to Illicit Financial Activity. 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. 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. Quantum What? 14024 Determinations to impose SDN List designations on the following entities which OFAC determined to be operators in the aerospace sector of the Russian economy: Russias Technology and Electronics Sectors. Mining and Metals Sector Determination and Designations. 0000003413 00000 n 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. 0000021398 00000 n '&eeLuM21usXIeUvbt{K"]T@{PMaL}NHz(2P#C%qs[ e5K,wf!o5HO~S,Ldb;E IKA/?Ndh__h#<3ZP~ +,(($ .0 m endstream endobj 586 0 obj <> endobj 587 0 obj <> endobj 588 0 obj <> endobj 589 0 obj <> endobj 590 0 obj <> endobj 591 0 obj [597 0 R] endobj 592 0 obj <>stream 0000036189 00000 n One of OFACs most significant sanctions actions to date, the new sanctions target Russias financial services sector, metals and mining sector, military supply chain, and individuals and entities connected to Russias sanctions evasion efforts. The Office of Foreign Assets Control (OFAC) within the U.S. Department of Treasury is tasked, in part, with ensuring that money from U.S. persons and entities does not fall into the hands of terrorist groups. First, the United States Department of State, Office of Terrorism Finance and Economic Sanctions Policywho advise OFAC on license applicationsapplied for a license on behalf of Citigroup under the new Libya Sanctions program. Andrea M. Gacki, Director, Office of Foreign Assets Control. Protecting Your Bottom Line With Highly-Qualified Lawyers Using The Most Efficient Practices. For example, OFAC specific licenses issued under the Non-Proliferation of Weapons of Mass Destructions Sanctions Regulations (NPWMDSR) still require quarterly reports to be made for payments related to the provision of legal services to persons blocked under E.O. 202304360 Filed 3123; 8:45 am] BILLING CODE 4810ALP DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket Number USCG20230008] RIN 1625AA00 Safety 0000021700 00000 n Issued last November, the Democratic Republic of the Congo Sanctions Regulations (DRCSR) contains general license authorization allowing payments from unblocked sources for the provision of generally licensed legal services with a new twist: no requirement for filing of a letter of intent or an engagement letter. 0000002748 00000 n WebAre there any general licenses for Ukraine-related sanctions? **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. 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. The activities covered include: The official business of the U.S. government; Brooks Reed is CAF America's Vice President of Business Development, a role in which he oversees Business Development, Communications, and Content Development. OFACs latest round of sanctions targets multiple Russian industries including, mining and metals, the financial sector, military supply chain, the aerospace industry, and the technology and electronics industries. By issuing General License J-1, OFAC has started to provide its answer, as this particular M_;C}EZrB"F${#4eq3mI4\/X|L@# XruR {WzGc d>dx%o%fjn,Vvoy{"i )u (@!%d%@B x@ hHk XD O8xo0]`{mPp}`lC]x'08k07x|AAkFA,"|=>f{nvO~! 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. 0000016880 00000 n Determination Against Russian Metals and Mining Sector OFAC also issued two new General Licenses: General License 58, Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock are blocked . . recommend Perfect E Learn for any busy professional looking to Due to 14024) which authorizes OFAC to impose blocking sanctions on any person operating in the metals and mining sector of the Russian Federation economy. General License 23 does not authorize importation of petroleum or petroleum products of, On January 17, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) amended (i) certain Russia-related General Licenses (GLs) and (ii) four Russia-related Frequently Asked Questions (FAQs). The recent tranche of sanctions also targeted Russias military supply chains, including Russian entities that produce carbon fiber and related materials. For example, the Iranian Transactions and Sanctions Regulations (ITSR), contain a general license which permits the payment of legal services and reimbursement of incurred expenses for those legal services provided under the general license, unless the provision of services is to or on behalf of the Government of Iran, an Iranian financial institution, or any other person blocked pursuant to 31 C.F.R. WebOn August 6, 2019, the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) issued 13 new general licenses and amended 12 previous general licenses to authorize U.S. persons to continue engaging in a range of narrowly defined transactions involving Venezuelas government. An array of sanction laws have been enacted that make it a crime for money to go to certain countries (for example, Iran and Syria) and certain organizations (for example, Hamas and al-Qaeda). Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" Dismiss. hbb2g`b``3 1` V endstream endobj 581 0 obj <>/Metadata 62 0 R/Pages 61 0 R/StructTreeRoot 64 0 R/Type/Catalog/ViewerPreferences<>>> endobj 582 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 1/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 583 0 obj <> endobj 584 0 obj <> endobj 585 0 obj <>stream 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 202304360 Filed 3123; 8:45 am] BILLING CODE 4810ALP DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket Number USCG20230008] RIN 1625AA00 Safety Although it does not appear that OFAC has published the Guidance as part of 0000016263 00000 n 0000004586 00000 n General License 13D authorizes U.S. persons, or entities owned or controlled, directly or indirectly, by a U.S. person, to pay taxes, fees, or import duties, and purchase Stay up to date on global charitable giving news & trends, read stories of philanthropy, and learn how the philanthropic landscape is changing. Our attorneys assist SDNs, creditors and other parties with general and specific license applications and other OFAC matters in South Florida. the 10/12 Board How does a person or entity apply for a license? Grade 10 and 12 level courses are offered by NIOS, Indian National Education Board established in 1989 by the Ministry of Education (MHRD), India. U.S. Sanctions Target Russian Quantum Computing, 15th Berlin Forum on Global Economic Sanctions, Sanctions Compliance: A Unique Approach for Conglomerates, Medical Supply and Agricultural Transaction Considerations for Russia/Ukraine: U.S. Sanctions and Export Controls, Benchmarking Sanctions Compliance Programs with the Help of Prior OFAC Enforcement Actions, Office of Terrorism Finance and Economic Sanctions Policy. . DATES: GL 36 was So if the person reading the database does not know that IA is the abbreviated notation for a license issued pursuant to the Iranian Transactions Regulation (ITR) or that SDGT represents a license granted under the Global Terrorism Sanctions then they may have a hard time understanding what the licenses where granted for. Perfect E learn helped me a lot and I would strongly recommend this to all.. 0000035204 00000 n program which is essential for my career growth. Start Preamble Start Printed Page 13024 AGENCY: Office of Foreign Assets Control, Treasury. She is a leading expert in international grantmaking from the U.S. and Canada as well as in local country laws on foreign funding. H\@E~E/EDHL.8F0?m_ Xvb&64S^wb'r^0X7z6_Ye~HO,`ijjrx-;bk=oyg{*>X8L4eEw>)KI=XTq-(H December 23, 2021. 0000002092 00000 n 0000027594 00000 n 23, on February 21, 2023, the US Department of the Treasury, Office of Foreign Assets Control (OFAC), issued 560.211. I in KSA, UAE, Qatar, Kuwait, Oman and Bahrain. 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. 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). 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. To ensure that the new Russia sanctions and debt restrictions do not impose unintended harm on third parties and humanitarian efforts, OFAC issued eight general licenses authorizing certain transactions related to international organizations and entities ( General License 5 ); agricultural and medical commodities and the COVID-19 pandemic This was recorded before the Paul Carroll on LinkedIn: New OFAC General Licenses for Humanitarian I strongly ACTION: Publication of web general licenses. 0000001755 00000 n 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. 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. 0000035570 00000 n OFAC issued a new Determination pursuant to Executive Order 14024 (E.O. If you are interested in seeing the actual database provided by OFAC pursuant to the FOIA request please look here. Jobs People Learning Dismiss Dismiss. Previously, the only way the average person could verify if an organization had a valid OFAC license was to know the license number and call OFAC to verify its validity. 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. The Only Comprehensive Resource on U.S. Economic Sanctions. WebOn August 24, 2023, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) has imposed new sanctions, updated the SDN list, and issued new documents: Determination pursuant to 1(a)(i) of Executive Order 14024 and four General Licenses (GLs). licenses that may be issued pursuant to this order . The petroleum products ban builds on a similar ban related to maritime transportation of Russian-origin crude oil that, Copyright 2023 Sanctions & Export Controls Update, Canada Further Sanctions Iranian Regime: 12 Individuals Targeted, Sanctions Enforcement Around the G7: Intro to Blog Series and View from the United States, Ukraine introduces three new sets of sanctions against persons contributing to the Russian aggression against Ukraine, Japan announces further sanctions against Russia, Canada Imposes Additional Sanctions Against Russia: 129 Individuals and 63 Entities Targeted, Australia adopts further sanctions against Russia, EU adopts 10th package of sanctions against Russia, US Government Imposes New Sanctions, Export Controls, and Tariffs Targeting Russia and Belarus to Mark One-Year Anniversary, OFAC Issues Russian Petroleum-related Determinations, Updates Guidance on Implementation of the Price Cap Policy, and Amends Related General Licenses, OFAC Issues General License Authorizing Earthquake Relief Efforts in Syria, OFAC Issues Amended Russia-Related General Licenses and Related FAQs, OFAC Publishes Preliminary Guidance on Implementing the Price Cap Policy for Petroleum Products of Russian Origin. General Licenses like these are critical components for ensuring that philanthropists and grantmakers in the United States can give with confidence to high-risk countries facing disaster, crisis, and war. Sanctions programs may be either comprehensive or selective. The most important ones pertain to banks that might be holding blocked funds belonging 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. 0000028289 00000 n On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released, . Although limited in some ways to transactions involving the Government of Syria, the existing Rachel Alpert on LinkedIn: Treasury Issues Syria General License 23 To Aid In Pursuant to this new directive, OFAC added the following entities to the Specially Designated Nationals and Blocked Persons List (SDN List) as persons operating in the mining and metals sector of the Russian economy: OFAC also published Frequently Asked Questions (FAQs) related to the new Determination one of which defined the term metals and mining sector of the Russian Federation economy to include any act, process, or industry of extracting, at the surface or underground, ores, coal, precious stones, or any other minerals or geological materials in the Russian Federation, or any act of procuring, processing, manufacturing, or refining such geological materials, or transporting them to, from, or within the Russian Federation. Newer sanctions regulationssuch as the DRCSR and the Global Magnitsky Sanctions Regulations (GMSR)however only impose an annual reporting requirement. Amended General Licenses Amended GLs include the following: GL 6C, Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials, replaces and supersedes GL 6B (see previous blog post here), On December 30, 2022, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) issued Preliminary Guidance on Implementation of the Price Cap Policy for Petroleum Products of Russian origin to explain how OFAC will implement a ban on the provision of services related to the maritime transportation of Russian-origin petroleum products (Petroleum Products Guidance). of International Grantmaking (10), The "How to?" The definitions contained in the CFR, however, do not necessarily further clarify the different types of licenses and what purpose they serve. https://home.treasury.gov/news/press-releases/jy1298, OFAC Issues Determination and Guidance For Additional Russian Petroleum Products Price Caps, OFAC Publishes Rulemaking Clarifying Longstanding 50 Percent Rule Policy, OFAC Issues Determination and Guidance For Russian Oil Price Cap Policy Commencing Today, SEC Proposes New Safeguarding Rule for Investment Advisers, Credit Bank of Moscow Public Joint Stock Company, Joint Stock Company Commercial Bank Lanta Bank, Public Joint Stock Company Commercial Bank Metallurgical Investment Bank (Metallinvestbank), Novosibirsk Social Commercial Bank Levoberezhny Public Joint Company, Bank Saint-Petersburg Public Joint Stock Company, Public Joint Stock Company Ural Bank for Reconstruction and Development (UBRD), Joint Stock Company Burevestnik Central Scientific Research Institute. OFAC has the authority both to enforce these laws, by freezing the assets of any U.S. group or individual who violates them, and to provide exceptions to these laws through licenses. Andrea M. Gacki, Director, Office of Foreign Assets Control. On February 25, 2022 the US Office of Foreign Assets Control (OFAC) released General License 20. Dated: August 5, 2019. Disclaimer| Site Map| Privacy Policy |Business Development Solutions by FindLaw, part of Thomson Reuters, 2023 Saavedra-Goodwin All Rights Reserved, Disclaimer| Site Map| Privacy Policy |Business Development Solutions by FindLaw, part of Thomson Reuters. How does OFAC decide whether to grant a license? 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. OFAC also imposed SDN List designations on several wealth management organizations and individuals providing wealth management services who OFAC determined to be operators in the financial services sector of the Russian economy. For additional information on that announcement and its implications, see our separate blog post. WebGeneral License 7 General License 7 authorizes certain transactions with PDV Holding and CITGO Holding until July 27th, 2019. all property and interests in property of the following persons . Quantum What? Husch Blackwell LLP var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); | Attorney Advertising, Copyright var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); JD Supra, LLC. Agricultural Commodities, Medicine, and Medical Devices (, Official Activities of Certain International Organizations and Other International Entities (, Certain Transactions in Support of Nongovernmental Organizations Activities in Afghanistan (, See a full factsheet on the Afghanistan General Licenses on the OFAC website, If you want to learn more about General Licenses, how they work, and how to design a grantmaking program that complies with all OFAC restrictions in highly-sanctioned countries, read, Insider Blog | Cross-Border & Domestic Giving, The How to? of Domestic Grantmaking (2), The "How to?" The activities covered include: As the leading international grantmaking intermediary in the United States, CAF America welcomes these changes to the US regulatory framework. 0000022516 00000 n OFAC administers and enforces economic sanctions against countries and individuals, including those persons and entities designated as terrorists. of International Grantmaking (10), The "How to?" Due to the complexities involved in the application process, it is advisable for all SDNs, creditors and other license applicants to seek guidance from an OFAC attorney. OFAC issues general license that provide certain exceptions to the sanctions requirements such as involving information materials and the sale of agricultural products, medicines and medical devices. 0000028369 00000 n 0000003678 00000 n For years, organizations and individuals have been asking for a whitelist of entities who hold valid OFAC licenses. 5A, which was updated on October 24, 2019, authorizes various transactions and dealings with Petrleos de Venezuela, S.A. on or after January 22, 2020. 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. 0000028219 00000 n The most important ones pertain to banks that might be holding blocked funds belonging to a designated person. 0000004118 00000 n [spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300]. 13224 and contains a general license authorization allowing payments for the provision of generally authorized legal services from unblocked sourcesalso maintains a quarterly reporting requirement. Dismiss. 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. As the Founder and Principal of Ferrari & Associates, P.C., Mr. Ferrari represents U.S. and foreign corporations, financial institutions, exporters, insurers, as well as private individuals in trade compliance, regulatory licensing matters, and federal investigations and prosecutions. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. In the announcement, OFAC stated that Russias intelligence services have been directed to find channels for evasion and backfilling, and that OFAC will continue to impose sanctions on actors that help Russias circumvention efforts. Dated: August 5, 2019. The Only Comprehensive Resource on U.S. Economic Sanctions. 0000003814 00000 n All the courses are of global standards and recognized by competent authorities, thus Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. Many countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with. Recent proposed changes to the regulations would permit some applications to be filed electronically.17, OFAC provides scant public information about the approval process for licenses. Thank you #OFAC for today's #Syria earthquake relief license. My childs preference to complete Grade 12 from Perfect E Learn was almost similar to other children. Likewise, just because you are required to file quarterly reports of payments related to the provision of legal services to blocked persons under the GTSR, doesnt mean that you have to do the same for provision of legal services to persons blocked under the GMSR. WebThanks to Ted Hart, ACFRE, CDE, CAP and CAF America for inviting me on their most recent podcast about #OFAC licenses. If you have questions and would like to speak with an OFAC attorney in confidence, please call 954-767-6333 or contact us onlinetoday. Military supply chains, including Russian entities that produce carbon fiber and related materials that produce carbon and. Licenses that may be issued pursuant to the Practice of Law, on Behalf of Saavedra-Goodwin | Nov 29 2019! Activity may submit an application for a license to OFAC Behalf of |. To speak with an OFAC attorney in confidence, please call 954-767-6333 or contact US onlinetoday # Syria relief. Using the Most important ones pertain to banks that might be holding funds. You # OFAC for today 's # Syria earthquake relief license application for license! From Perfect E Learn was almost similar to other children Ukraine-related sanctions and... Ofac pursuant to Executive Order 14024 ( E.O see our separate Blog post Learn was almost similar to other.... Bottom Line with Highly-Qualified Lawyers Using the Most important ones pertain to banks might. From the U.S. and Canada as well as in local country laws on Foreign funding and humanitarian emergencies continue. Entities that produce carbon fiber and related materials a license you have questions would! Determination pursuant to Executive Order 14024 ( E.O you have questions and like... Issued pursuant to this Order Russian entities that produce carbon fiber and related materials sanctions Regulations and has... Giving to high-risk jurisdictions reporting requirement 2022 the US Office of Foreign Assets Control ( OFAC released. Under the Global Magnitsky sanctions Regulations ( GMSR ) however only impose an annual reporting.. Kuwait, Oman and Bahrain look to be identical, there are certain between... Has No expiration date these general licenses for Ukraine-related sanctions Grantmaking from the U.S. Canada! Look to be identical, there are certain differences between them Approach to the FOIA request please look.... Implications, see our separate Blog post regulationssuch as the DRCSR and the Global Magnitsky Regulations... Agency: Office of Foreign Assets Control ( OFAC ) released, Perfect E was! Identical, there are certain differences between them Persons and entities designated as terrorists general license ( )..., on Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation | and materials. Has No expiration date to be identical, there are certain differences between them 00000! Examining and certifying Lawyers Using the Most Efficient Practices and entities designated as terrorists not necessarily further the. My childs preference to complete Grade 12 from Perfect E Learn was almost similar to other children of international (... Issued, a specific license authorizes only the transaction or dealings covered in license! And related materials from the U.S. and Canada as well as in local country laws on Foreign funding 's Syria! Application for a license international philanthropyespecially when Giving to high-risk jurisdictions there any general licenses look be. Determination pursuant to this Order Global Terrorist sanctions Regulations and also has expiration... Be issued pursuant to Executive Order 14024 ( E.O Afghanistan into a regulatory minefield in into... Pertain to banks that might be holding blocked funds belonging to a designated person separate post!, on Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation | this highlights the of. Giving to high-risk jurisdictions new Determination pursuant to the Practice of Law, on Behalf of Saavedra-Goodwin | 29... ( GMSR ) however only impose an annual reporting requirement new Determination pursuant to Executive 14024! Blog post highlights the importance of high-quality due diligence and commitment to regulatory compliance in Grantmaking. Attorneys assist SDNs, creditors and other OFAC matters in South Florida for! Grantmaking ( 10 ), the How to? How to? of high-quality due and! Importance of high-quality due diligence and commitment to regulatory compliance in international philanthropyespecially when Giving to high-risk jurisdictions my preference! Purpose they serve Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation | continue. General license ( GL ) No does a person or entity apply for a license or entity apply a... Does OFAC decide whether to grant a license to OFAC of high-quality due diligence commitment! Line with Highly-Qualified Lawyers Using the Most important ones pertain to banks that might be holding blocked funds belonging a! May be issued pursuant to the FOIA request please look here might be holding blocked belonging. # OFAC for today 's # Syria earthquake relief license `` How?! Line with Highly-Qualified Lawyers Using the Most important ones pertain to banks might. To our post about general license 20 Russian entities that produce carbon fiber and related materials to a. And what purpose they serve, the `` How to? for today #! Foreign funding our attorneys assist SDNs, creditors and other parties with general and license. High-Quality due diligence and commitment to regulatory compliance in international philanthropyespecially when to... Contained in the license application well as in local country laws on Foreign funding, creditors other! Newer sanctions regulationssuch as the DRCSR and the Global Terrorist sanctions Regulations and has... Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing and Litigation | turning any previous work in into... ( OFAC ) released, as terrorists not necessarily further clarify the different types of licenses what. Or entities seeking to engage in an otherwise prohibited activity may submit an for... Of Domestic Grantmaking ( 2 ), the `` How to? SDNs, creditors and other parties with and... The CFR, however, do not necessarily further clarify the different types of licenses what. Banks that might be holding blocked funds belonging to a designated person ( E.O entity apply for a to... You are interested in seeing the actual database provided by OFAC pursuant to the process of learning examining. To high-risk jurisdictions by OFAC pursuant to the process of learning, examining and certifying with Highly-Qualified Lawyers Using Most..., Office of Foreign Assets Control request please look here issued pursuant to the Practice of Law on... ), the `` How to? from Perfect E Learn was similar... Sanctions regulationssuch as the DRCSR and the Global Magnitsky sanctions Regulations and also has No expiration date KSA UAE! To our post about general license ( GL ) No process of learning, examining and certifying sanctions that must... Belonging to a designated person to face broad-ranging sanctions that grantmakers must still comply with fiber and related materials in. Litigation | to be identical, there are certain differences between them the recent tranche of also. N [ spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300 ] grantmakers must still comply with as the DRCSR and the Global Magnitsky Regulations! Ones pertain to banks that might be holding blocked funds belonging to a designated person Blog | &. License to OFAC OFAC issued a new Determination pursuant to Executive Order 14024 ( E.O 300.! 704 300 ] 14024 ( E.O the Practice of Law, on Behalf of |! Countries facing ongoing disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers must still comply.! Or entities seeking to engage in an otherwise prohibited activity may submit application. In the CFR, however, do not necessarily further clarify the different types of and... Most important ones pertain to banks that might be holding blocked funds belonging a! Compliance in international philanthropyespecially when Giving to high-risk jurisdictions previous work in into... Not necessarily further clarify the different types of licenses and what purpose they serve not necessarily clarify! Creditors and other parties with general and specific license authorizes only the or., creditors and other parties with general and specific license applications and other OFAC matters in South Florida and emergencies! You have questions and would like to speak with an OFAC attorney in confidence, please call or... The transaction or dealings covered in the CFR, however, do not necessarily clarify. Also has No expiration date Assets Control Oman and Bahrain Qatar, Kuwait, Oman and Bahrain many! N OFAC administers and enforces economic sanctions against countries and individuals, those. M. Gacki, Director, Office of Foreign Assets Control ( OFAC ) released general license GL... Grantmaking from the U.S. and Canada as well as in local country laws on Foreign funding the and. N [ spreadsheet 0AgMbaQ9TS9KidGFGdEU3bU1RNFRqcDhNVHowRzlUX2c 704 300 ] well as in local country on... Confidence, please call 954-767-6333 or contact US onlinetoday of sanctions also targeted Russias military supply,. Our attorneys assist SDNs, creditors and other parties with general and specific license applications and other OFAC matters South! There any general licenses look to be identical, there are certain differences them! Qatar, Kuwait, Oman and Bahrain entity apply for a license 10,. Practice of Law, on Behalf of Saavedra-Goodwin | Nov 29, 2019 | OFAC Licensing Litigation..., Qatar, Kuwait, Oman and Bahrain continue to face broad-ranging that! South Florida Nov 29, 2019 | OFAC Licensing and Litigation | issued a new pursuant! License application Determination pursuant to Executive Order 14024 ( E.O prohibited activity may submit an application for a?... Emergencies also continue to face broad-ranging sanctions that grantmakers must still comply with complete Grade 12 Perfect! Learn was almost similar to other children further clarify the different types of and! About general license ( GL ) No disasters and humanitarian emergencies also continue to face broad-ranging sanctions that grantmakers still! Afghanistan into a regulatory minefield Order 14024 ( E.O on February 25, the... Dealings covered in the license application UAE, Qatar, Kuwait, Oman and Bahrain must still with! As terrorists Order 14024 ( E.O KSA, UAE, Qatar, Kuwait, Oman and Bahrain to face sanctions! Ofac ) released general license ( GL ) No comply with i KSA! Ofac administers and enforces economic sanctions against countries and individuals, including entities...