23 Jul 2025
💼OFAC Issues General License on Global Terrorism Sanctions
Publication of Global Terrorism Sanctions Regulations Web General License 33
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Global Terrorism Sanctions Regulations: GL 33, which was previously made available on OFAC's website.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The content involves regulatory compliance for businesses pertaining to transactions with the International Bank of Yemen. The general license authorizes specific transactions that were previously prohibited, impacting how businesses interact financially and legally under the Global Terrorism Sanctions Regulations.