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OFAC General Licenses

OFAC publishes general licenses that authorize certain transactions or activities that would otherwise be subject to restrictions under U.S. sanctions. Users of general licenses generally don't need to apply for a specific license. 

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UK Resets Caps for Permitted Legal Fees Under Russia Sanctions
April 29, 2025 |International Sources

The U.K. issued a new version of a Russia-related legal services general license to reset the cap on fees that can be paid to British law firms by parties subject to Russia-related sanctions. The legal fees cap is set at about $2.68 million (or 2 million pounds) per law firm and the expenses cap at 10% of the legal fees, up to about $268,000 (or 200,000 pounds), for the duration of the license. The license takes effect April 29 and expires Oct. 28. The previous license expired April 28 (see 2410290017).

Former OFAC Sanctions Adviser Joins Faegre Drinker
October 18, 2024 by Jacob Kopnick|Trade People

Diego Ortega, former sanctions regulations adviser at the Office of Foreign Assets Control, has joined Faegre Drinker as a government and regulatory counsel, the firm announced. Ortega worked for over three years at OFAC, where he drafted and published regulations implementing U.S. sanctions authorities and general licenses.