Source: U.S. Department of the Treasury – OFAC Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a Kingpin Act General License: General License 4F “Authorizing Certain Transactions Involving the Panamanian Mall and Associated Complex, Soho Panama, S.A. (a.k.a. Soho Mall Panama).” This General License authorizes certain transactions and activities […]

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Source: U.S. Department of Commerce – BIS On March 24, 2016, the Bureau of Industry and Security (BIS) published a final rule, Temporary General License. The March 24 final rule created a temporary general license that restored, for a specified time period, the licensing requirements and policies under the Export Administration Regulations (EAR) for exports, […]

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Source: U.S. Department of the Treasury. OFAC is updating the List of Medical Devices Requiring Specific Authorization as identified in 31 C.F.R. § 560.530(a)(3)(ii) of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), to update and clarify the scope of medical devices that are not authorized for exportation or reexportation pursuant to […]

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Source: U.S. Department of the Treasury – OFAC. Office of Foreign Assets Control (OFAC) published Cyber-related General License (GL) 1, “Authorizing Certain Transactions with the Federal Security Service,” pursuant to Executive Order 13694 of April 1, 2015, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities.” GL 1 authorizes certain transactions with […]

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Source: U.S. Department of Commerce – BIS This rule revises the policy of review for applications for licenses to export or reexport to Sudan certain items that are intended to ensure the safety of civil aviation or the safe operation of fixed-wing, commercial passenger aircraft. Such applications will now be reviewed under a general policy […]

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Source: U.S. Department of the Treasury – OFAC a)(l) The reexportation by a non-U.S. person of Eligible Aircraft to Iran on temporary sojourn is authorized, provided all of the criteria set forth in paragraph (b) are satisfied. (2) For purposes of this general license, the term “Eligible Aircraft” means a U.S.-origin fixed-wing civil aircraft or […]

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Source: U.S. Department of Commerce – BIS On March 24, 2016, the Bureau of Industry and Security (BIS) published a final rule, Temporary General License. The March 24 final rule created a temporary general license that restored, for a specified time period, the licensing requirements and policies under the Export Administration Regulations (EAR) for exports, […]

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Source: U.S. Department of Commerce – BIS This final rule amends the Export Administration Regulations (EAR) by adding Supplement No. 7 to Part 744 to the EAR to create a temporary general license to specify that “notwithstanding the requirements and other provisions of Supplement No. 4 to part 744, which became effective on March 8, […]

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