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HMT Website: New and Improved!

Her Majesty's Treasury made some notable updates to their site yesterday. First, the frequently asked questions (FAQ) page was enhanced with additional sections for: · advice for designated persons on how they may use their assets, · advice on humanitarian transactions, · information on what constitutes ownership and control, · […]

Light is the best disinfectant…

Remember when OFAC issued its license allowing the export of free personal communications software (and hardware and services) to Iran? Well, the boys in DC are at it again, issuing Iran General License D to do the same for for-profit sales of the same. The license has also been added […]

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 […]