On May 12, 2022, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued Syria General License No. 22 (“GL 22”), authorizing certain activities in particular sectors of the Syrian economy that are otherwise prohibited under the Syrian Sanctions Regulations (31 CFR Part 542, “SSR”) in specified regions of Syria not controlled by the Assad regime. According to the US Statement Department’s press release, GL 22 was issued in support of the Biden Administration’s…
On November 26, 2021, the US Treasury Departmentās Office of Foreign Assets Control (āOFACā) published a final rule amending the Syrian Sanctions Regulations (āFinal Ruleā). The Final Rule expands the existing general license at Ā§ 542.516 (the āGeneral Licenseā) to authorize nongovernmental organizations (āNGOsā) to engage in certain assistance-related investment activities in support of not-for-profit activities in Syria. The General License authorizes NGOs to export/reexport services to Syria in support of not-for-profit activities in Syria, i.e., humanitarian projects…
The UK has designated six individuals as subject to financial sanctions and asset freeze measures under the Syria (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/792). The designated persons are: Muhammad Bara AL-QATIRJI,Faisal AL-MIQDAD,Luna AL-SHIBL,Malik ALIAA,Yasser Hussein IBRAHIM,Zaid SALAH. Separately, two entries under the UK’s Iran (Nuclear) financial sanctions regime have been amended. These entries have been added to the UK sanctions list and to the Office of Financial Sanctions Implementation’s Consolidated list of financial sanctions…
On June 3, 2020, the US Treasury Departmentās Office of Foreign Assets Control (āOFACā) issued new Syria-Related Sanctions Regulations (the āRegulationsā), effective June 5, 2020, to implement Executive Order 13894 (āEO 13894ā) issued by the President on October 14, 2019 in light of Turkeyās military actions in Syria. The Regulations are a codification of EO 13894 and do not represent new sanctions against Syria. They are also separate from US comprehensive sanctions targeting Syria under…