OFAC Publishes FAQs on Syria Sanctions Relief
New FAQs issued by the Office of Foreign Assets Control on May 28 provide more guidance on U.S. sanctions relief for Syria (see 2505230073), including what types of transactions are authorized, what Syria-related sanctions the U.S. is still enforcing and more. The FAQs stress that U.S. banks can process transactions by, to and through the Central Bank of Syria and that the sanctions relief doesn't remove any existing authorizations for humanitarian aid.
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OFAC said it will continue to enforce sanctions on former Syrian leader Bashar Assad along with his "enablers, serious human rights abusers, Captagon drug traffickers, and persons involved in terrorist and proliferation activity."