Communications Daily is a service of Warren Communications News.

OFAC General Licenses

The Office of Foreign Assets Control issues general licenses that authorize specific categories of transactions otherwise prohibited under U.S. sanctions programs, often without the need for case-by-case approval. These licenses can provide limited relief, carveouts or temporary authorizations for trade, financial activity and humanitarian operations. This section tracks new general licenses, amendments, expirations and related guidance with compliance implications for affected industries.