OFAC FAQ (Current) # 469 - Basic Information on OFAC and Sanctions

Date issued: Aug. 21 2024

Last substantive commentary amendment:
Aug. 22 2024

TURBOFAC Commentary (132 words)

Notes:

1) FAQ amended on 8-21-24 concurrent with Modernizing Treasury’s Office of Foreign Assets Control (Press Release), detailing several modernization efforts, including the updating of a number of general interest FAQs containing dated language. This FAQ does not appear to provide guidance in a way that adds to or deviates from OFAC’s other modern guidance. The comments below were drafted (not amended) prior to the 8-21-24 amendment.

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Notes:

1) OFAC will, however, entertain requests for written guidance concerning the question of whether a given entity is blocked by operation of law. The request for the guidance will, however, be based on factual assumptions provided to OFAC, rather than OFAC doing its own investigation into whether the facts provided are correct. See e.g. Case No. IA-2013-302020-1.