Frequently Asked Questions

508. What do the prohibitions in Executive Order (E.O) .13808 mean? Are they blocking actions?

… blocked persons unless exempt or otherwise authorized by OFAC. If there is a Venezuela-related general license authorizing dealings with such blocked persons, but the transactions or dealings … blocked persons unless exempt or otherwise authorized by OFAC. If there is a Venezuela… Read more

640. What does the November 5, 2018 amendment to the ITSR do?

… that were previously listed on the E.O. 13599 List. Second, the rule amends an existing general license in the ITSR to allow individual U.S. persons to engage in transactions necessary … that were previously listed on the E.O. 13599 List. Second, the rule amends an existing… Read more

975. Is there a wind-down period for transactions involving the Russian financial institutions blocked in February 2022 pursuant to Executive Order (E.O.) 14024? What transactions are authorized during the wind-down period?

… in February 2022 pursuant to E.O. 14024 , a short-term wind-down period is authorized. General License (GL) 3 authorizes a wind-down period of 30 days for transactions involving State … in February 2022 pursuant to E.O. 14024 , a short-term wind-down period is authorized. … Read more

974. What Russian financial institutions were blocked in February 2022 pursuant to Executive Order (E.O.) 14024, and what activities are prohibited as a result?

… with these entities unless exempt or authorized by OFAC. OFAC issued several Russia-related general licenses (GLs) authorizing transactions involving specified blocked Russian financial … with these entities unless exempt or authorized by OFAC. OFAC issued several Russia-… Read more

966. What actions did Treasury take in February 2022 related to Russia's financial services sector pursuant to Executive Order (E.O.) 14024?

… or equity issued on or after March 26, 2022 (see 983 , 984 , 985 , 986 , 987 , 988 and 989 ). General Licenses (GLs) . OFAC issued several Russia-related GLs authorizing certain transactions … or equity issued on or after March 26, 2022 (see 983 , 984 , 985 , 986 , 987 , 988 and… Read more

967. What does Directive 2 under Executive Order (E.O.) 14024, "Prohibitions Related to Correspondent or Payable-Through Accounts and Processing of Transactions Involving Certain Foreign Financial Institutions" (Russia-related CAPTA Directive) prohibit?

… additional directives under E.O. 14024 or E.O. 13662 . OFAC has issued several Russia-related general licenses (GLs) authorizing certain transactions involving the foreign financial … additional directives under E.O. 14024 or E.O. 13662 . OFAC has issued several Russia-related… Read more

174. What are definitions for the following NDAA terms: “significant financial transaction,” “knowingly,” “owned or controlled by the government of a foreign country,” “food, medicine, and medical devices,” “foreign financial institution,” “Iranian financial institution,” “significantly reduced,” and “whether the price and supply of petroleum and petroleum products produced in countries other than Iran is sufficient”?

… the NDAA on the ITR definition. “food, medicine, and medical devices” “Food”: The October 2011 general license for the ITR and the Sudanese Sanctions Regulations (“SSR”) authorizing certain food … Treasury anticipates closely modeling the definition of this term under the NDAA on… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence