OFAC issues Syria General License

Yesterday, OFAC issued Syria General License 24 to expand authorizations for activities and transactions in Syria following the end of Bashar al-Assad's oppressive regime on December 8, 2024. This action underscores the United States’ commitment to ensuring that U.S. sanctions do not impede activities to meet basic human needs, including the provision of public services or humanitarian assistance. This authorization is for six months, as the U.S. government continues to monitor the evolving situation on the ground.

For a link to the new General License and related new and revised FAQs, see yesterday's BankersOnline OFAC Update.