Fulbright Briefing - OFAC Issues New General Licenses Authorizing Additional Transactions Under the Libyan and Syrian Sanctions Orders

By: Stephen M. McNabb , Marsha Z. Gerber , Stefan Reisinger and Mary Beth Balhoff On September 9, 2011, the U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC") issued new general licenses authorizing additional transactions under both the Libyan and Syrian...

Fulbright Alert : OFAC Issues New Libyan General Licenses Authorizing Trade with NOC and the Government of Libya

On September 19, 2011, the U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC") continued to ease the sanctions imposed on Libya by issuing new General Licenses No. 7A and No. 8. In general, the new licenses allow U.S. persons to engage in transactions with the Government...