OFAC Now Accepting Electronic License Requests
The Treasury Department’s Office of Foreign Assets Control is now accepting requests for licenses, license amendments and interpretive guidance electronically, the agency announced April 18. Applicants still have the option of submitting applications by mail. Visit the OFAC license page (here) for the following:
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- Export agricultural commodities, medicine or medical devices to Sudan or Iran pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000
- To travel to Cuba (for many, though not all, categories of travel to Cuba)
- For the release of a wire transfer blocked at a U.S. financial institution
- For a license or interpretive guidance in all other circumstances (referred to generally as “Transactional”)