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OFAC clarifies what the Palestinian Authority is…

OFAC has issued General License 7a under its terrorism sanctions program in light of the resignation of the Palestinian Authority's Prime Minister Salam Fayyad. The General License, which effectively modifies the existing General License 7, and which permits transactions otherwise prohibited under these sanctions programs to be conducted with members […]

New General License for OFAC Zimbabwe Program

On Wednesday, OFAC issued General License No. 1 for the Zimbabwe sanctions program. It authorizes transactions with the Agricultural Development Bank of Zimbabwe and the Infrastructure Development Bank of Zimbabwe, as long as it doesn't involve someone who is explicitly sanctioned. The General License has now been added to the […]

HMT Updates Syrian Sanctions

Her Majesty's Treasury, on the back of the EU's Council Implementing Regulation (EU) No 325/2013, which amends Council Regulation (EU) No 36/2012, has made the following changes to its Syrian sanctions program: Frozen accounts can now be credited with amounts awarded from judicial, administrative or arbitration proceedings Syrian Arab Airlines […]

April 15, 2013: New OFAC Sudan General License

Today, OFAC issued its first General License for the Sudanese sanctions program. It permits 3 exceptions to the sanctions regime: Academic exchanges with US educational institutions Administration of professional certificate and college entrance exams, as well as not-for-profit professional training of Sudanese Non-commercial research in Sudan   Note: I am […]

OFAC issues General License No. 16 for Syria

The new General License permits services, including funds transfers, to the National Coalition of Syrian Revolutionary and Opposition Forces (i.e. the rebels opposing the Al-Assad government). Mr. Watchlist will get a link to that up on the Licenses page, but for now, I’ll provide one here. Links: OFAC press release […]

Changes to OFAC Burma sanctions

Two changes on Friday to the OFAC Burma sanctions. First, two branches of Ayeyarwady Bank were added to the sanctions list (including their SWIFT BIC): AYEYARWADY BANK (a.k.a. AYEYARWADDY BANK LTD; a.k.a. IRRAWADDY BANK), Block (111-112), Asint Myint Zay, Zabu Thiri Township, Nay Pyi Taw, Burma; No. 1 Ywama Curve, […]