Iran ofac general licenses
WebApr 14, 2024 · Pursuant to an OFAC general license, U.S. person NGOs are permitted to engage in humanitarian projects to meet basic human needs in Iran, including the donation of health-related services. Additionally, NGOs can transfer up to $500,000 per year to Iran in support of such activities. WebJun 17, 2024 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Syria General License 21, Venezuela General License 39, and Iran General License N, "Authorizing Certain Activities to Respond to the Coronavirus Disease 2024 (COVID-19) Pandemic" and related Frequently Asked Questions ( 906, 907, 908, 909, 910, and 911 ).
Iran ofac general licenses
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WebMar 31, 2024 · General Licenses. OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to the Global Magnitsky sanctions program. General licenses allow all US persons to engage in the activity described in the general license without needing to apply for a specific license. WebIn order to obtain the one-year specific license described in paragraph (a) (1) (i) of this section, the exporter must provide to OFAC: (1) The applicant's full legal name (and, if the applicant is a business entity, the state or jurisdiction of incorporation and …
WebJul 29, 2013 · A general license authorizes “a particular type of transaction for a class of persons without the need to apply for a license.”9 A specific license “is a written document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application.”10 The Code of Federal Regulations ... WebApr 12, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 62, "Authorizing the Wind Down of Transactions Involving Holdingovaya Kompaniya Metalloinvest AO, MegaFon PAO, Limited Liability Company USM Telecom, or Akkermann Cement Ca Limited Liability Company", General …
Web1 day ago · On Wednesday, the US Treasury Department announced sanctions against two UAE-based firms for allegedly assisting the Russian invasion of Ukraine. The Gulf state has been seeking to raise its compliance with international sanctions recently. In March, the UAE Central Bank revoked the license of Russia’s MTS Bank. WebOne important general license authorizes the exportation of certain computers, cell phones, and other devices and technologies to Iran. This broad authorization was granted in an …
WebOct 29, 2024 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License M, "Authorizing the Exportation of Certain Graduate Level Educational Services and Software" and a new Frequently Asked Question. In addition, OFAC has updated its Specially Designated Nationals and Blocked Persons List:
WebJan 18, 2024 · New FAQ 1110 clarifies Iran General License (GL) D-1 and GL D-2. Specifically, OFAC noted that because GL D-1 was issued in 2014, the types of software and services that support communication over ... cyrenians bibleWebOct 13, 2024 · Start Preamble AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to the Iranian Transactions and Sanctions Regulations: GL D-2, which was previously made … cyrenians changing livesWebOct 26, 2024 · The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Feb. 27, 2024 issued General License 8 “Authorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran” and related FAQs in conjunction with the formalization of the Swiss Humanitarian Trade Arrangement (SHTA), which became fully operational the same day. cyrenians conflict resolutionWebApr 13, 2024 · On April 6, the Department of the Treasury published an Enforcement Release detailing Microsoft Corporation’s settlement with the Treasury’s Office of Foreign Assets Control (“OFAC”) for $2,980,265.86, relating to alleged violations of OFAC’s Cuba, Iran, Syria, and Ukraine-/Russia-related sanctions programs. This settlement was part of a … binary voting definitionWebFeb 27, 2014 · The Department of the Treasury's Office of Foreign Assets Control (“OFAC”) is publishing General License E and General License F issued under the Iranian transactions … cyrenians cooking classWebExcept as otherwise authorized pursuant to this part, and notwithstanding any contract entered into or any license or permit granted prior to May 7, 1995, any new investment by … cyrenians contact numberWebFinally, OFAC has also issued a general license to allow nongovernmental organizations (NGOs) to engage in not-for-profit activities in Syria in support of humanitarian projects, democracy-building, education, and non-commercial development projects directly benefitting the Syrian people. cyrenians cook school