When You Need to Apply for an OFAC License?
Introduction
An OFAC license may be either a General License or a Specific License. General Licenses are issued by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on its initiative, as part of its mandate to implement and enforce U.S. sanctions policy.
This article focuses on OFAC Specific Licenses. Any individual or legal entity may apply for an OFAC...