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) A U.S. person reported (see p. 5, PDF) that it was holding “deposits under two unexecuted contracts” related to the exportation of wheat that paid by a blocked person and held in a U.S. bank account. Those funds were transferred to a blocked account and reported to OFAC (pp. 3-5, PDF), along with an additional sum “due to be refunded” to the blocked person for demurrage in connection with a prior transaction. The applicant sought a license to (i) unblock a portion of the blocked funds that represented damages resulting from the need to re-sell the wheat at a loss, and (ii) “authorization to initiate Grain and Feed Trade Association arbitration proceedings against [blocked person] relating to the two contracts and to perform any necessary dealings relating to that arbitration”.
2) OFAC rejected the request for the unblocking of funds, stating that...