The Office of Foreign Assets Control (OFAC) has a series of systems set in place to impose sanctions against foreign entities through comprehensive, limited and list programs.
#Ofac application status check license
TSRA – This is how you apply for a specific license to export agricultural commodities, medicine, or medical devices to Iran or Sudan pursuant to the Trade Sanctions. The specialist may also put them in contact with the licensing officer assigned to their …Īpplication for the Release of Blocked Funds – This is how you apply to “unblock” a wire transfer where that wire transfer was blocked because of a sanctions interest. If OFAC has failed to respond to someone’s application, they can call OFAC and speak with an information specialist who can inform them of the status of their application. License applications covering more complex transactions can take up to a year or longer for them to process. Applying for a Specific License with OFAC | Control of Assets.The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass … Office of Foreign Assets Control - Sanctions Programs and.Callers can use OFAC's automated license application status hotline (accessible through the 20 number) to check on the status of their application. Applicants are encouraged to wait at least two weeks before telephonically contacting the Licensing Division at (202) 622-2480 to inquire about the status of their application.Information About OFAC's Sanctions List Search Tools A license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited (e.g. Apply for an OFAC License: OFAC provides a free, online application to enable users to simultaneously search all of its sanctions lists.
OFAC - Check Application Status Ĭheck Application Status.