OFAC ALLOWS ELECTRONIC FILING FOR LICENSES

The Office of Foreign Assets Control has announced that it will now accept applications for OFAC licenses online. These include:

(1) Applications for agricultural, medical, and medical licenses for Iran and other jurisdictions.

(2) Travel to Cuba (some categories).

(3) Applications for the release of funds blocked at US financial institutions.

(4) certain other types of licenses.

For details, go on their website:

http://www.treasury.gov/resource-center/sanctions/Pages/licensing.aspx