Tag Archives: Office of Foreign Assets Control

Benefits for Business Travelers in the New Iran Personal Communications General License

U.S. persons traveling to Iran for business can now take heart, because they, as well as most laptops and smart phones, may do so without the need for a license. A recent amendment to the wordily-named “General License with Respect to Certain Services, Software, and Hardware Incident to Personal Communications” (formerly “General License D,” now … Continue Reading

Secretary Clinton Announces an Easing of Sanctions on Burma

On May 17, U.S. Secretary of State Hillary Clinton announced in remarks with the foreign minister of Burma (Myanmar) that the U.S. government will be taking action to ease sanctions on Burma in the form of a new general license. A general license is similar to an exception to the sanctions and authorizes the performance … Continue Reading

New OFAC Guidance Promotes Internet Freedom in Iran…As Long As the Internet Is Free

This post was written by Joelle E.K. Laszlo. What if you issued a general license and no one used it? The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has faced such a conundrum since March 2010, when it published a final rule amending U.S. regulations on Cuba, Iran, and the Sudan to … Continue Reading

Who Wants Libyan Oil?

With all that had been going on in Libya, the US Government has been working to ensure that regulations are not prohibiting the Administration’s anti-Gaddafi policy. OFAC recently released some guidance that should ease the burden on those US persons seeking to do business with the anti-Gaddafi regime in eastern Libya. For more information seek … Continue Reading

Ramped-Up Libyan Sanctions Impacting U.S. Business; More to Come

This post was written by Joelle E.K. Laszlo. In response to the increasingly grave political, commercial, and humanitarian turmoil that Libya has endured in the recent weeks, the international community has combined forces in an effort to subdue Muammar Qadhafi’s brutal regime. The United Nations Security Council has called its Member States to enact, among other … Continue Reading
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