OFAC Blocked Wire Transfer: How to Recover Your Funds Through a Specific License
An OFAC blocked wire transfer puts both the sender and the recipient in a difficult legal position. The block itself is not final, U.S. sanctions law provides a mechanism for releasing funds: the OFAC specific license. Obtaining one, however, requires a carefully constructed legal position, and the quality of that position often determines the outcome.
This article walks through the process...