Frequently Asked Questions

… What does Russia-related General License (GL) 46 authorize with respect to credit derivative transactions referencing “the … What does Russia-related General License (GL) 46 authorize with respect to credit derivative transactions referencing “the …

… What are “user authentication services” for purposes of the general license in 31 CFR § 560.540 of the Iranian Transactions and Sanctions Regulations (ITSR)? … What are “user authentication services” for purposes of the general license in 31 CFR § 560.540 of the… Read more

… No. A specific license will be required before any sale is executed in the Crystallex case. Notwithstanding the existence of any general licenses under the Venezuela Sanctions Regulations (VSR), a specific license from OFAC is required for the… Read more

… What activities are authorized by Venezuela General License (GL) 52, "Authorizing Certain Transactions Involving Petróleos de Venezuela, … What activities are authorized by Venezuela General License (GL) 52, "Authorizing Certain Transactions Involving… Read more

… General License 3I (GL 3I) authorizes U.S. persons to engage in all transactions related to, the … What does General License 3I authorize with respect to Government of Venezuela debt, and what are the … General License 3I (GL 3I) authorizes U.S.… Read more

… Does General License (GL) 60 require that payments to the Government of Venezuela be made into the … Does General License (GL) 60 require that payments to the Government of Venezuela be made into the …

… of Venezuela, including Carbones del Zulia S.A. (Carbozulia),  PdVSA, or CVG Compania General de Mineria de Venezuela CA (Minerven) that are ordinarily incident and necessary to, … of Venezuelan-origin oil, petrochemical products, minerals (including gold), or coal. … Read more

… Section 515.563 of the CACR contains a general license that authorizes, subject to conditions, travel-related transactions and other … that are directly incident to journalistic activities in Cuba. Among other things, this general license authorizes, subject to… Read more

… Section 515.574 of the CACR contains a general license that authorizes, subject to conditions, travel-related transactions and other … intended to strengthen civil society in Cuba. In accordance with NSPM-5, OFAC amended this general license on November 8, 2017… Read more

… Section 515.566 of the CACR contains a general license that authorizes, subject to conditions, travel-related transactions and other … organizations located in the United States and members and staff of such organizations, are generally authorized to engage in… Read more