OFAC FAQ (Current) # 1140

Date issued: Nov. 16 2023

You've hit a wall. Sign in if you have an account, or learn more about TURBOFAC and subscription options.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (75 words)

Notes:

1) See comments to Western Balkans General License (No. 3). This FAQ does not provide much information not otherwise discernible from the text of the GL, but the FAQ does articulate OFAC's standard "non-U.S. persons generally would not face sanctions risk for engaging in activities authorized for U.S. persons" policy. Refer generally to General Note on "Counterfactual Secondary Sanctions and Derivative Designation Safe Harbors" in Certain OFAC Guidance and FAQs (System Ed. Note).