OFAC announced last week that it issued additional Frequently Asked Questions and respective answers relating to what remain of U.S. sanctions against Burma. None of the additional questions or answers is surprising or resolves an issue that is not otherwise answered…
The White House last week issued a notice continuing the national emergency with respect to Burma. The notice itself is an annual rite of passage for all U.S. sanctions programs under IEEPA, including those relating to Burma. What is surprising…
ABOVE: Robert Mugabe OFAC last week issued its first general license for U.S. sanctions relating to Zimbabwe. The license authorizes for the most part “all transactions involving Agricultural Development Bank of Zimbabwe and Infrastructure Development Bank of Zimbabwe.” Both banks,…
The Office of Foreign Assets Control (“OFAC”) has just released new guidance on the Burma sanctions and, more importantly, what’s left of the Burma sanctions. Buried at the end of the guidance is something of an answer to a conundrum…
The Office of Foreign Assets Control (“OFAC”) has taken another step in polishing off the economic sanctions against Burma by issuing General License 18 which authorizes most imports from Burma. This action was no doubt timed to coincide with the…