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The Office of Foreign Assets Control (OFAC)
has undertaken an initiative to post on its website answers
to questions of general applicability frequently asked by
the public. The initiative is intended to be part of OFAC's
commitment to regulatory transparency and customer service.
OFAC is continuing to prepare answers to additional questions
that are often asked and additional questions and answers
will be posted periodically. Comments are welcome via the
"E-mail OFAC"
link on OFAC's homepage. It should be noted, however, that
OFAC is unable to treat any information submitted concerning
FAQs as confidential or proprietary to the submitter and no
information submitted concerning FAQs will be treated as such.
The questions and answers highlight key issues and topics
relating to economic sanctions and the procedures and practices
of OFAC. They are intended only as general information to
assist persons subject to United States jurisdiction to comply
with legal requirements and to facilitate an understanding
of the scope and purposes of sanctions programs. It is very
important to note that U.S. businesses, individuals, and others
subject to OFAC jurisdiction must comply with the full legal
requirements of OFAC's programs which are set forth in the
applicable statutes, Executive Orders, and implementing regulations
found in Title 31 Chapter V of the Code of Federal Regulations
and in Federal Register documents that update the regulations.
The reader is further cautioned that specific facts may alter
an analysis and, because each program reflects unique foreign
policy and national security contexts, a particular answer
will not always be applicable to all programs or at all times.
For further assistance, call OFAC's Compliance Programs Division
at 202/622-2490 or OFAC's Licensing Division at 202/622-2480
or write to the Office of Foreign Assets Control, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue, N.W., Washington,
D.C. 20220. |