Frequently Asked Questions

… OFAC issued General License 12B to address difficulties blocked U.S. persons are having accessing funds needed for authorized wind-down and maintenance activities. General License 12B explicitly permits originating and intermediary U.S. financial institutions …… Read more

… What are transactions "related to energy" for purposes of Russia-related General License (GL) 8L? … What are transactions "related to energy" for purposes of Russia-related General License (GL) 8L? … Read more

… What does Nicaragua-related General License (GL) 2 authorize with respect to the Nicaraguan National Police? … What does Nicaragua-related General License (GL) 2 authorize with respect to the Nicaraguan National Police? …

… of repatriation. In addition, OFAC is removing the Annex and authorization related to the general maintenance (including repair) of aircraft previously listed in it, limiting the authorization for general maintenance to the aircraft being used for repatriation… Read more

… How does a financial institution verify a transaction is compliant with Venezuela General License (GL) 46? … How does a financial institution verify a transaction is compliant with Venezuela General License (GL) 46? …

… How does Venezuela General License (GL) 30B differ from Venezuela GL 30A? … How does Venezuela General License (GL) 30B differ from Venezuela GL 30A? …

… An OFAC license is an authorization from OFAC to engage in transactions that otherwise would be prohibited by U.S. sanctions administered by OFAC. There are two types of OFAC licenses: general licenses and specific licenses.… Read more

… transactions, the earlier transaction is not unblocked unless the CACR amendments include a general license that unblocks previously blocked funds. Transactions must be authorized pursuant to the … the extent that the unblocking of a funds transfer or blocked account is not… Read more

… or to repossess aircraft leased to Fly Baghdad.  U.S. persons are not required to seek a license from OFAC to initiate legal proceedings against Fly Baghdad, including lawsuits for the repossession of aircraft from Fly Baghdad, although a specific license is… Read more

… that is not an "established U.S. entity" be involved in transactions authorized by Venezuela General License (GL) 46? … that is not an "established U.S. entity" be involved in transactions authorized by Venezuela General License (GL) 46? … Read more