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You are subscribed to SDN and/or Office of Foreign Assets Control (OFAC) Recent Actions updates for the U.S. Department of the Treasury.
In line with President Trump's promise to deliver sanctions relief to Syria, the U.S. Department of State today removed Syria's designation as a State Sponsor of Terrorism. Accordingly, Syria is no longer subject to prohibitions under the Terrorism List Governments Sanctions Regulations, 31 CFR part 596 (TLGSR), or 22 USC 7205(a)(1).
The U.S. Department of State also revoked the designation of al-Nusrah Front, also known as Hay'at Tahrir al-Sham (HTS), as a Specially Designated Global Terrorist (SDGT) organization. Concurrently, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) removed HTS from the Specially Designated Nationals and Blocked Persons List ("SDN List").
As a result, Syria General License (GL) 25, which authorized certain transactions that could otherwise have been prohibited due to the role of HTS in the Syrian government, is no longer necessary, and OFAC has revoked the general license. OFAC also updated FAQ 1220, FAQ 1221, and FAQ 1222, and removed FAQ 1223.
Also, the U.S. Departments of Commerce, State and Treasury have issued an updated Tri-Seal Advisory: Sanctions and Export Controls Relief for Syria.
Additionally, OFAC has added numerous new Iran-related names to its SDN List, and implemented the following actions with regard to its Iran sanctions programs:
Lastly, the SDN list has recently been updated. Please visit this page to access the latest version of the SDN list. Check this page periodically as it may also be updated if a new list-related format or product is offered.
Please visit this link for more information on today's update. |