OFAC FAQ (Current) # 1211 - Syria Sanctions

Date issued: Jan. 06 2025

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TURBOFAC Commentary (204 words)

Notes:

1) On 1-6-25, OFAC issued Syria GL 24 and related FAQs FAQ # 1205, FAQ # 1206, FAQ # 1207, FAQ # 1208, FAQ # 1209, FAQ # 1210, FAQ # 1211, and FAQ # 1212. These actions were accompanied by the Press Releases entitled “U.S. Treasury Issues Additional Sanctions Relief for Syrian People”, available at https://home.treasury.gov/news/press-releases/jy2770.

2) It is unclear why OFAC only offers this secondary sanctions safe harbor guidance in the context of a portion of GL 24, instead of the whole thing. OFAC has provided guidance specifying that, in general, “[f]oreign persons do not risk exposure to U.S. sanctions for engaging in activity for which a U.S....