Publication of Global Terrorism Sanctions Regulations Web General License 33
Summary
This regulation from OFAC (the Treasury Department's financial enforcement agency) allows certain companies and individuals to conduct limited financial transactions with groups designated as terrorist organizations under specific conditions. It's designed to balance national security concerns with practical business needs in rare circumstances where transactions might be necessary.
Key Points
- 1OFAC issued a General License 33 that permits specific financial activities involving designated global terrorist groups that would normally be prohibited
- 2The license applies only to transactions that meet strict conditions set by OFAC and does not apply to all terrorism-related sanctions
- 3Businesses and financial institutions must carefully review their activities to ensure they qualify for this limited exception before proceeding
- 4Violating the terms of this license or conducting unauthorized transactions with terrorist organizations remains illegal and subject to penalties
- 5This is part of OFAC's regular updates to sanctions rules as international security situations and policy priorities change
Impact Assessment
If you are a Financial Institution or company engaged in international trade, this means you must implement compliance procedures to verify licenses before conducting any transactions with designated terrorist organizations, even when permitted under General License 33.
International
Significant
Key Dates
July 23, 2025
Regulatory Connections
Transnational Criminal Organizations Sanctions Regulations Web General License 1
Russian Harmful Foreign Activities Sanctions Regulations Web General License 129
Russian Harmful Foreign Activities Sanctions Regulations Web General License 13O
Russian Harmful Foreign Activities Sanctions Regulations Web General License 132
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.