A Little Bit of Guidance on OFAC General License G
Recently, I reviewed a response by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) responded to a request for interpretative guidance, or in the alternative, specific license authorization. Here is a run down of the basic facts that were responded to: a U.S. entity sought to collaborate and partner with Iranian universities to facilitate the study of Iranian students at U.S. universities. The services to be provided as part of…