The Difference Between an OFAC General & Specific License
Updated: Jun 21, 2022
Knowing where restrictions imposed by the Office of Foreign Assets Control (OFAC) related to exports or other transactions, limitations on the delivery of shipments to certain foreign destinations, or those governing a particular financial transaction, can be difficult to determine. On top of that, depending on what activity you are doing, you may need a license, be it a general or specific one. Learn the difference between the two license types in this video.
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