13 Aug 2025
📜OFAC Publishes GL 8 for International Criminal Court-Related Sanctions
Publication of International Criminal Court-Related Sanctions Regulations Web General License 8
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the International Criminal Court-Related Sanctions Regulations: GL 8.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The publication of General License 8 (GL 8) by OFAC authorizes specific transactions otherwise prohibited, allowing businesses to wind down operations involving Francesca Paola Albanese without penalty. Compliance with sanctions regulations affects business owners' decision-making and transaction capabilities.