News

OFAC provides further clarity on Gaza assistance

US companies CAN provide goods and services to NGOs conducting humanitarian activities in Gaza or the West Bank – but should be cautious not to supply goods or services to NGOs that are blocked persons. But they should be mindful that OFAC general licenses DO NOT authorize funds transfers “made with knowledge or reason to know that the intended beneficiary of such transfers is a blocked person, with the exception of payments for taxes, fees, or import duties,” and some other authorized activiti...

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