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This is a channel that we use to keep members in the loop about the latest policy documents and developments. Our work in advocacy cuts across
all areas of expertise and impacts all of our members
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Our Director of Government Affairs & Advocacy,
Cynthia Smith
, and our Advocacy Manager,
Jenna Thoretz
, post regular updates so our members are alerted to changes in the sector as they happen.
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OFAC Humanitarian Sanctions Exceptions
1.
OFAC Humanitarian Sanctions Exceptions
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Jenna Thoretz
Posted 12-21-2022 09:50
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Following
this month's
adoption
of United Nations Security Council Resolution (UNSCR) 2664, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued or
amended
general licenses (GLs) across a number of sanctions programs to ease the delivery of humanitarian aid.
GLs have been issued/amended across four categories:
the official business of the U.S. government
;
the official business of certain international organizations and entities
;
transactions in support of certain nongovernmental organizations' activities
; and
the provision of agricultural commodities, medicine, medical devices, replacement parts and components, or software updates for medical devices for personal, non-commercial use
.
Separately, OFAC is updating a
regulatory interpretation in several sanctions programs' regulations to explain that the property and interests of property of an entity are blocked if one or more blocked persons own, whether individually or in the aggregate, directly or indirectly, a 50 percent or greater interest in the entity
. These changes are effective today, December 21, 2022.
Click here
for FAQs related to these changes.
For an overview of OFAC's actions,
click here.
------------------------------
Jenna Thoretz
Advocacy Manager
Humentum
jenna.thoretz@humentum.org
------------------------------
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