Case No. SY-2018-354486-1

Date issued: Dec. 15 2020

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TURBOFAC Commentary (325 words)

Notes:

1) Applicant sought authorization with respect to a decedent’s account, which appears to have been a U.S.-based account, and more specifically with respect to the distributions from the account to a U.S. beneficiary and others in Syria. OFAC concludes that “in compliance with the requirements of the SySR, [U.S. bank] is authorized to close your mother’s personal, non-commercial account and remit the contents to authorized beneficiaries, as set forth in the Sharia Court Order, who are resident in the United States and/or Syria in accordance with the general license at section 542.515 of the SySR.” 542.515 is the “operations of accounts” GL, which provides that “operation of an account in a U.S. financial institution for an individual in Syria…is authorized, provided that transactions processed through the account [a]re of a personal nature...