OFAC FAQ 7

Can I get permission from OFAC to transact or trade with an embargoed country? (version of 2023-03-22)

SupersededLength: 66 wordsOfficial source

Cite as OFAC FAQ 7 (version of 2023-03-22)

Question: Can I get permission from OFAC to transact or trade with an embargoed country? Answer: OFAC usually has the authority by means of a specific license to permit a person or entity to engage in a transaction which otherwise would be prohibited. In some cases, however, legislation may restrict that authority. To apply for a specific license, please go to our License Application Page .
Cross-references to the CFR
https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-501/subpart-E/section-501.80131 C.F.R. 501.801
OFAC FAQ 7: Can I get permission from OFAC to transact or trade with an embargoed country? (version of 2023-03-22) | Justis AI