Featured FAQs
1218. How is Treasury planning to implement the President’s February 26 announcement on energy-related authorizations in Venezuela?
Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate. We will issue additional guidance to assist implementation concurrent with any changes to the authorization(s). ... Read more
401. OFAC’s 50 Percent Rule states that the property and interests in property of entities directly or indirectly owned 50 percent or more in the aggregate by one or more blocked persons are considered blocked. How does OFAC interpret indirect ownership as it relates to certain complex ownership structures?
"Indirectly," as used in OFAC’s 50 Percent Rule, refers to one or more blocked persons' ownership of shares of an entity through another entity or entities that are 50 percent or more owned in the aggregate by the blocked person(s). OFAC urges persons consider ... Read more
Recently Added FAQs
1223. Can persons continue to rely on Syria General License (GL) 25 after the revocation of the Syrian Sanctions Program, on July 1, 2025?
Yes. While Syria GL 25 authorizes transactions otherwise prohibited under the Syrian Sanctions Regulations, it also authorizes transactions involving specified persons otherwise prohibited by certain other sanctions programs. To the extent necessary, persons m ... Read more
1222. Do I need a specific license from OFAC to export or reexport food or medicine to Syria?
No. The United States no longer maintains comprehensive sanctions on Syria, effective July 1, 2025, following the issuance of the E.O. of June 30, 2025. You may send U.S.-origin food or medicine to Syria without a specific license from OFAC.Furthermore, the De ... Read more