OFAC Updates Week 1/24/22
January 24, 2022
The Office of Foreign Assets Control (OFAC) has issued the Ukraine-related General Licenses 13Q and 15K, "Authorizing Certain Transctions Necessary to Divest or Transfer Debt, Equity or Other Holdings in GAZ Group" and "Authorizing Certain Activities Involving GAZ Group," respectively. Additionally OFAC has amended several Ukraine-related Frequently Asked Questions (FAQ's).
January 26, 2022
OFAC has published a business advisory entitled: Risks and Considerations for Businesses and Indviiduals with Exposure to Entities Responsible for Undermining Democratic Processes, Facilitating Corruption, and Committing Human Rights Abuses in Burma (Myanmar). The advisory outlines how to navigate business dealints with a variety of sectors in Burma while also giving advice on mitigating any potential violations.
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