The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) today updated a list of “frequently asked questions” (FAQs) concerning sanctions imposed on trade or transactions with respect to Sudan and reflecting an executive order (issued by the president on July 11, 2017) that extends the review period for actions by the Sudanese government until October 12, 2017.
Among the FAQs is the following clarification:
Did OFAC make any changes to sanctions with respect to Sudan and the Government of Sudan on July 11, 2017?
No. The President issued an executive order on July 11, 2017, extending the review period established by E.O. 13761 of January 13, 2017, which set forth criteria for the revocation of certain sanctions on Sudan and the Government of Sudan (GOS). The new E.O. extends until October 12, 2017 the period of review of the GOS’ actions. OFAC’s sanctions remain in place, as does the general license broadly authorizing most prohibited transactions with respect to Sudan (the “2017 Sudan Rule”)…. [07-12-2017]
President Trump on July 11, 2017, issued an executive order that extends the review period established by a January 2017 executive order, setting forth the criteria for revocation of certain sanctions on Sudan and the government of Sudan.
The new executive order extends until October 12, 2017, the period of review of the government of Sudan’s actions.
For more information, contact a professional with KPMG’s Trade & Customs practice:
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Andrew Siciliano | +1 (631) 425-6057 | firstname.lastname@example.org
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