Is Sudan on OFAC sanctioned country?

Is Sudan on OFAC sanctioned country?

Sudan is once again open to U.S. businesses. On June 29, 2018, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) officially removed the Sudanese Sanctions Regulations from the Code of Federal Regulations. Sudan was removed from the State Sponsor of Terrorism (SSOT) list on December 14, 2020.

Is Sudan no longer sanctioned?

Accordingly, the prohibitions of the Terrorism List Governments Sanctions Regulations, 31 C.F.R. part 596, and section 906(a)(1) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (22 U.S.C. 7205) no longer apply to Sudan.

Can US do business with Sudan?

U.S. businesses are now generally able to transact with individuals and entities in Sudan, and the property of the Government of Sudan subject to U.S. jurisdiction has been unblocked. Individuals should contact the Treasury Department’s Office of Foreign Assets Control (OFAC) or BIS for additional information.

What are the OFAC sanctioned countries?

Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe.

Why Syria is sanctioned?

Since the uprisings began in March 2011, the U.S. government has intensely pursued calibrated sanctions to deprive the regime of the resources it needs to continue violence against civilians and to pressure the Syrian regime to allow for a democratic transition as the Syrian people demand.

Is Sudan and South Sudan different countries?

Until 2011, Sudan and South Sudan were one country. Until 2011, they were one country. That year, following decades of civil war, the southern section seceded, becoming one of the world’s newest nations: South Sudan.

Is Sudan sanctioned by the UK?

Sudan is currently subject to UK financial sanctions.

Why were there sanctions on Sudan?

U.S. sanctions Sudan was added to the State Sponsors of Terrorism list on 12 August 1993, alleging that Sudan harbored members of the Abu Nidal Organization, Hezbollah, and Islamic Jihad. In response to Sudan’s continued complicity in unabated violence in Darfur, U.S. President George W.

Can the US export to Sudan?

Further, Sudan continues to be an U.S. Arms Embargoed Country, which limits certain exports and reexports under both the EAR and the International Traffic in Arms Regulations (ITAR).

Who is subject to OFAC?

Who must comply with OFAC regulations? U.S. persons must comply with OFAC regulations, including all U.S. citizens and permanent resident aliens regardless of where they are located, all persons and entities within the United States, all U.S. incorporated entities and their foreign branches.

How does the OFAC work on Sudan sanctions?

OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to the Sudan Sanctions. General licenses allow all U.S. persons to engage in the activity described in the general license without needing to apply for a specific license.

How to get an OFAC license in the USA?

OFAC License Application Page A license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited. To apply for a license, click the link below or scroll down for more information on the different licensing categories. Apply for an OFAC license

Do you need OFAC to do business in Darfur?

As a result, as noted above, OFAC authorization is not required unless a proposed transaction implicates prohibitions under the Darfur Sanctions Regulations, 31 C.F.R. part 546, or other OFAC-administered sanctions regulations. Darfur : Certain activities prohibited by the Darfur Sanctions may be authorized by OFAC.

Where can I get a Sudanese sanctions license?

General licenses allow all U.S. persons to engage in the activity described in the general license without needing to apply for a specific license. Effective January 17, 2017, all transactions prohibited under the Sudanese Sanctions Regulations, 31 C.F.R. part 538 (SSR), are authorized pursuant to the general license located at 31 C.F.R. § 538.540.