OFAC FAQ (Current) # 884 - Syria Sanctions (PDF contains all versions)

Date issued: May. 12 2022

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 (898 words)

Notes:

*The version of 542.516 in force as of the time of the issuance of the FAQ can be found at https://www.govinfo.gov/content/pkg/CFR-2020-title31-vol3/xml/CFR-2020-title31-vol3-part542.xml#seqnum542.516. Note that the below was drafted prior to the November, 2021 revisions to 541.516. Note in addition that the FAQ was amended on 5-12-22 to account for the issuance of Syria General License 22. The FAQ now clearly states what has been generally obviously all along, i.e. that "non-U.S. persons do not risk exposure to sanctions pursuant to the Caesar Act for engaging in or facilitating transactions and activities authorized pursuant to Syria GL 22, or transactions that are ordinarily incident and necessary to give effect to the activities authorized in Syria GL 22, or any other general license issued pursuant to the SySR." Refer generally to...