In light of the recent earthquake in Syria and Turkey, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has published a press release to inform of the issuance of a new Syria-related General License (GL 23). The license permits all financial transactions related to earthquake relief measures for the benefit of Syria and the Syrian people that would otherwise be prohibited by the Syrian Sanctions Regulations (Statutory Instrument 31 CFR Part 542) for 180 days, up to August 8, 2023.
Other Features
asset freezing
banks
payment services
sanctions
Date Published: 2023-02-09
Date Taking Effect: 2023-02-09
Regulatory Framework: US Sanctions
Regulatory Type: procedure
US sanctions West Bank update – US sanctions in connection with violence in ...
ID 26974
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed san ...
Counter Terrorism Designations
ID 26592
The Office of Foreign Assets Control (OFAC) has published a press release to inform about ...
Issuance of new Russia-related Executive Order and related Determinations; Issuance ...
ID 26495
The Office of Foreign Assets Control, OFAC, has issued a press release to inform of variou ...
Publication of Updated Guidance on Implementation of the Price Cap Policy for Crude ...
ID 26429
The Office of Foreign Assets Control (OFAC) has published a press release to inform about ...