The Treasury Department’s Office of Foreign Assets Control is now accepting requests for licenses, license amendments and interpretive guidance electronically, the agency announced April 18. Applicants still have the option of submitting applications by mail. Visit the OFAC license page (here) for the following:
The Treasury Department removed three entities from the Iran Sanctions Act April 15. They are:
The Treasury Department’s Office of Foreign Assets Control authorized certain academic and professional exchange activities between the U.S. and Sudan, the agency announced April 15. The new general license allows U.S. academic institutions to “establish and operate” exchange programs with Sudanese academic institutions. It authorizes U.S. persons to administer professional certificate exams, university entrance exams and professional training seminars in Sudan. The license also allows certain U.S. persons to conduct research in Sudan for noncommercial studies. These activities were previously prohibited under Sudanese Sanctions Regulations.
The Treasury Department’s Office of Foreign Assets Control added the following entities to its Specially Designated Nationals list. All were added under Weapons of Mass Destruction Proliferators Sanctions Regulations and Iranian Financial Sanctions Regulations.
The Treasury Department’s Office of Foreign Assets Control announced the following additions to its Specially Designated Nationals list April 9. All were added under the Foreign Narcotics Kingpin Sanctions Regulations.
The Treasury Department formally published regulations for imports from Burma (Myanmar) and transactions with blocked Burmese financial institutions, and two General Licenses issued under the Burma sanctions program:
The Treasury Department’s Office of Foreign Assets Control removed the following Colombian entity from its Specially Designated Nationals list April 3. It was originally added under Narcotics Trafficking Sanctions Regulations.
Treasury Department’s Office of Foreign Assets Control announced the following deletions from its Specially Designated Nationals list April 2. All were originally added under Former Liberian Regime of Charles Taylor Sanctions Regulations.
The Treasury Department’s Office of Foreign Assets Control released updated Office of Enforcement Data Delivery Standards March 29. The standards describe technical requirements for the preferred format for submitting electronic documents. OFAC’s Office of Enforcement added an addendum listing the data fields that should be populated when submitting an electronic filing in a concordance-ready format.
The Treasury Department’s Office of Foreign Assets Control removed the following entity and individual from its Specially Designated Nationals list. They were originally added under the Foreign Narcotics Kingpin Sanctions Regulations: