Regulatory Alerts2025-07-23 | 2025-13835Publication of Global Terrorism Sanctions Regulations Web General License 33
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General License 33 to authorize specific transactions otherwise prohibited by the Global Terrorism Sanctions Regulations. This license permits the wind down of transactions involving the International Bank of Yemen (IBY) and its majority-owned entities through May 17, 2025, provided payments to blocked persons are made into blocked accounts. The authorization excludes any transactions involving other blocked persons unless separately authorized.
Share