Frequently Asked Questions

… ), scientific research, or religious activities. For a complete description of what this general license authorizes and the restrictions that apply, see 31 CFR § 515.590 . … ), scientific research, or religious activities. For a complete description of what this general… Read more

… 1(a)(iv) of E.O. 13808 , “profit” is net income after taxes. For a business, this is generally total sales minus total costs and expenses. For example, transactions involving the … before August 25, 2017 unless U.S. persons are authorized to deal in the relevant bonds under… Read more

… to give effect to, an underlying transaction that has been authorized by a specific or general license issued pursuant to, or set forth in, the ITSR and does not involve debiting or … to give effect to, an underlying transaction that has been authorized by a specific or … Read more

… Yes.  Section 515.584(h)(1) of the CACR contains a general license that allows banking institutions to open and maintain bank accounts in the United … the underlying transaction is authorized or exempt.  For a complete description of what this general license… Read more

… U.S. and non-U.S. persons (see, e.g., FAQ 637 ). However, these authorizations and exceptions generally do not apply to transactions with persons designated pursuant to E.O. 13382. Following … or medical devices by U.S. persons or from the United States that are authorized under… Read more

… beneficiary is a person subject to U.S. jurisdiction. For a complete description of what this general license authorizes and the restrictions that apply, see 31 CFR § 515.584(d) . For … beneficiary is a person subject to U.S. jurisdiction. For a complete description of what this… Read more

… longer import such products into the United States.  For a complete description of what this general license authorizes and the restrictions that apply, see 31 CFR § 515.585(c) and (d) . … longer import such products into the United States.  For a complete description of what… Read more

… via a third country may only do so if their travel-related transactions are authorized by a general or specific license issued by OFAC, and such travelers are subject to the same restrictions and requirements … via a third country may only do so if their travel-… Read more

… Yes. Although transactions or other dealings involving Ivanishvili are generally prohibited as a result of OFAC's designation, OFAC concurrently issued General License (GL) 116 authorizing U.S. persons to engage in all transactions with any entity … Yes.… Read more

… persons or otherwise considered the blocked property of Andrey Igorevich Melnichenko.  As a general matter, agricultural and medical trade are not the target of sanctions imposed by the … on Russia in response to its unprovoked and brutal war against Ukraine, and OFAC has issued… Read more