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Ansrallah off the hook for a month…

OFAC issued Counter Terrorism General License 13, which authorizes transactions with Ansrallah until February 26th, but doesn’t permit transactions otherwise barred under the various counter-terror regulations, other SDNs, or transactions which involved already-blocked property. And they updated Frequently Asked Question (FAQ) 876 to include references to the new General License. […]

OFAC adds 2 new CAATSA FAQs, amends 2

OFAC added FAQs 869 and 870 today relating to CAATSA (Countering America’s Adversaries through Sanctions Act): 869. If a person is subject to non-blocking menu-based sanctions described in section 235(a) of the Countering America’s Adversaries Through Sanctions Act (CAATSA), do the same non-blocking sanctions apply to entities owned 50 percent or […]

OFSI issues Libya guidance

The first guidance issued since the end of the Transition Period, it explains Libya sanctions under the Libya (Sanctions) (EU Exit) Regulations 2020. In addition to a section on your garden-variety asset freezes, there are also sections on “partial asset freezes”, a special section just on the LIA (Libyan Investment […]