Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.
Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).
Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category).
Please contact [email protected] or [email protected] with any questions on search results and efficiency.
Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.
1) Background/Synopsis
As described in further detail at section 4 of General Note on Secondary Sanctions and “Derivative Designation” Criteria, OFAC has traditionally been very reluctant to provide formal guidance specifying that a given type of transaction would or would not qualify as “significant” for secondary sanctions purposes or otherwise constitute “material assistance” in a way that would trigger the standard “material support” derivative designation criterion.
As detailed below, OFAC has, over time, been more and more willing to provide formal assurance that certain types of transactions will not result in secondary sanctions or derivative designation risk for non-U.S. persons, i.e. those which would be authorized/not require a specific license for a U.S. person. Initially, this was limited to “secondary sanctions” provisions while purposefully...