OFAC General Compliance – Are there exceptions to the prohibitions?

Compliance > OFAC
Q:  Are there exceptions to the prohibitions?
A:   Yes. OFAC regulations often provide general licenses authorizing the performance of certain categories of transactions. OFAC also issues specific licenses on a case-by-case basis under certain limited situations and conditions. Guidance on how to request a specific license is found below and at 31 C.F.R. 501.801.
To apply for a specific license, please go to our License Application Page. [06-16-06]
ADDITIONAL INFORMATION – This Q&A was included in the U.S. Department of the Treasury’s online Resource Center for OFAC – General Compliance, which may be found here:  https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_general.aspx#basic

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