Frequently Asked Questions

No. The dispute resolution requirement in certain Venezuela General Licenses (GL), (e.g., 46D , 47B , 48B , 50C , 51C , 52B , 54B , and 61A ) only requires that contracts governing transactions with the Government of Venezuela (GOV) or certain other blocked persons (e.g., Petróleos de Venezuela, S.… Read more

Yes. Certain Venezuela general licenses (GLs), including 46D , 47B , 48B , 50C , 51C , 52B , 54B , and 61A , require that any contract for authorized transactions with the Government of Venezuela or certain other blocked persons (e.g., Petróleos de Venezuela, S.A. in GL 52B or CVG Compañía General… Read more

No. Payments to and guarantees from the Government of Iran or the Islamic Revolutionary Guard Corps (IRGC), directly or indirectly, for safe passage through the Strait of Hormuz would not be authorized for U.S. persons, including U.S. financial institutions, or for U.S.-owned or -controlled foreign… Read more

No. Effective August 27, 2026, parties seeking to enter into a contract authorized by certain Venezuela General Licenses (GLs) (e.g., 46D , 47B , 48B , 50C , 51C , 52B , 54B , and 61A ) with the Government of Venezuela (GOV) or certain other blocked persons (e.g., Petróleos de Venezuela, S.A. in GL… Read more

URGENT NOTE: The U.S. Department of State cautions against any travel by U.S. persons to Iran. The Department of State has issued a Level Four Travel Advisory ( Do Not Travel ) for Iran due to the risk of kidnapping, arbitrary arrest, and detention of U.S. citizens . See additional guidance… Read more

The general license at § 510.522 of the North Korea Sanctions Regulations, 31 CFR part 510 (NKSR), authorizes news reporting organizations that are U.S. persons, and their U.S. person employees to engage in certain transactions in North Korea, provided that such transactions are ordinarily incident… Read more

With respect to blocked funds transfers, you are encouraged to file an electronic application to have blocked funds released . You may also submit an application for the release of blocked funds which is available on OFAC's website under "Forms." You should print this form, complete the required… Read more

Yes, non-governmental organizations may provide humanitarian assistance in Somalia without the need for a license from OFAC. Organizations considering entering Somali territory to conduct assistance operations should be aware that areas of Somalia are extremely unstable and dangerous, and should… Read more

No, provided that non-U.S. persons comply with certain conditions outlined in GLs 46D , 51D , and 52B as described below. Subject to certain conditions, GLs 46D , 51D , and 52B authorize established U.S. entities to engage in certain transactions involving Petróleos de Venezuela, S.A. (PdVSA), as… Read more