OFAC FAQ (Current) # 1097 - Counter Terrorism Sanctions (PDF contans all versions) (PDF contans all versions)

Date issued: Jan. 12 2023

You've hit a wall. Sign in if you have an account, learn more about TURBOFAC and subscription options, or purchase access to the text of the document on this page, the native .pdf file, and the associated TURBOFAC original commentary.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (105 words)

Notes:

1) See comments to GTSR General License 21. This FAQ provides no meaningful guidance on the scope of the GL, and appears aimed at clarifying that, consistent with OFAC’s typical policy, non-U.S. persons do not risk sanctions enforcement for activities that would be authorized for U.S. persons under the GL. Refer generally to General Note on "Counterfactual Secondary Sanctions and Derivative Designation Safe Harbors" in Certain OFAC Guidance and FAQs (System Ed. Note).

2) FAQ amended on 1-12-23 to account for issuance of GTSR General License 21B and extension of expiration date vis-a-vis the previous version.