Hours before its expiration, OFAC extended and re-issued General License 8 as General License 8F on April 21, 2020. The new General License implements significant changes in US sanctions policy with ...

Economic sanctions compliance in the United States runs on a strict-liability standard. In plain terms: you don’t have to mean to violate sanctions to be in violation. For businesses, banks, ...

“Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate,” the Office of Foreign Asset Control (OFAC) said in a brief statement, adding that it ...

Exclusive-US to Issue General License Lifting Some Sanctions on Venezuelan Oil Industry, Sources Say By Marianna Parraga and Jarrett Renshaw HOUSTON/WASHINGTON, Jan 27 (Reuters) - U.S. officials are ...