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SmarTrade

OFAC Issues New General Licenses Under Sudan-Related Sanctions

On June 1, 2023, the Office of Foreign Assets Control (OFAC) issued four new Sudan-related General Licenses authorizing certain transactions that would otherwise be prohibited by Executive Order (EO) 14098 dated May 4, 2023 (See Update of May 4, 2023): Certain transactions remain unauthorized under these general licenses and therefore require close analysis. Continue Reading