Introduction
On January 6, 2025, OFAC issued Syria General License (“GL”) 24, authorizing various activities and transactions previously prohibited under the Syrian Sanctions regime. In addition, OFAC also issued a series of FAQs to clarify the scope and purpose of GL 24, as well as its applicability to other previously issued authorizations. These authorizations came as a result of the end of Bashar al-Assad’s regime and the Treasury Department’s commitment to supporting humanitarian assistance to the Syrian people.
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