New OFAC Guidance Covers Syria Humanitarian Aid
The Office of Foreign Assets Control this week issued new guidance to help companies, financial institutions, nongovernmental organizations and others understand what humanitarian activities are permitted under its Syria sanctions regulations. The seven-page guidance includes frequently asked questions OFAC said it has been receiving, covering topics related to caps on aid, crowdfunding, providing aid to areas controlled by the Syrian government, processing financial transactions, sending money to people in Syria, digital payment platforms, and exporting food, medicine and other goods to the country. It also stresses that OFAC’s authorizations allow transactions only where aid will benefit the Syrian people and not the government.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The guidance was released after House Republicans in July introduced a bill that would prevent the administration from renewing a general license authorizing certain transactions related to earthquake relief efforts in Syria (see 2307260044).