Frequently Asked Questions

… May a person that qualifies for the general license to provide carrier services transport a third-country national located in the United States to Cuba for travel authorized by a general license under one of the 12 categories of travel listed in Section 515.560… Read more

… of the ITSR , E.O. 13599 , or section 1 or 15 of E.O. 13846 , or is authorized by a general license issued pursuant to these authorities if engaged in by a U.S. person, it would not be … a U.S. person might apply for a specific license — for example, under OFAC’s… Read more

… OFAC has issued four general licenses related to E.O.13808 . General License 1, which expired on September 25, 2017, applied to contracts and other agreements … specifically for resale to Venezuela, provided that the exportation or reexportation is … Read more

… 12:01 a.m. eastern daylight time, May 22, 2018, remain blocked.  Unlike its predecessors, this general license no longer authorizes the use of these blocked funds for the activities it … What transactions are authorized under wind-down General License (GL) 15L… Read more

… For purposes of Venezuela General License (GL) 40C, what is liquefied petroleum gas? … For purposes of Venezuela General License (GL) 40C, what is liquefied petroleum gas? …

… No.  The authorizations in paragraph (a) of Venezuela-related General Licenses (GLs) 7C (“Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO … Are the authorizations in paragraph (a) of Venezuela-related General Licenses 7C and 20B, respectively… Read more

… of claims to or for the benefit of any blocked persons or vessels would require a specific license from OFAC.   After the expiration of GL 21B, U.S. persons will be prohibited from … to seek guidance from OFAC.   Non-U.S. persons, including foreign financial institutions,… Read more

… Specific license applications to perform any contingent contracts executed pursuant to GL 49 will be … consistent with U.S. foreign policy and national security priorities. Recent Venezuela-related general licenses issued by OFAC have included various limitations… Read more

… Bonds and other securities are among the assets being sold. The prohibitions and related general licenses are meant to prevent U.S. persons from contributing to the Government of … Why is OFAC imposing sanctions and issuing general licenses specific to bonds and… Read more

… The purpose of General License 14 is to allow United Company RUSAL PLC (RUSAL) or any other entity in which … funds blocked prior to 12:01 a.m. eastern daylight time, April 23, 2018 remain blocked, the general license authorizes the use of these blocked funds for… Read more