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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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On February 10, 2023, the Department of the Treasury&rsquo;s Office of Foreign Assets Control (OFAC) issued <a href="https://home.treasury.gov/system/files/126/syria_gl23.pdf">Syria General License (GL) 23</a> that authorizes until August 8, 2023 all transactions related to earthquake relief efforts in Syria that would otherwise be prohibited by the Syrian Sanctions Regulations under 31 C.F.R. Part 542.&nbsp; The GL makes clear that it covers the processing or transfer of funds, and in a related <a href="https://home.treasury.gov/news/press-releases/jy1261#:~:text=February%209%2C%202023%20WASHINGTON%20%E2%80%93%20Today%2C%20Treasury%E2%80%99s%20Office,otherwise%20prohibited%20by%20the%20Syrian%20Sanctions%20Regulations%20%28SySR%29.">press release</a>, OFAC clearly states that, &ldquo;U.S. and intermediary financial institutions should have what they need in GL23 to immediately process all earthquake relief transactions.&rdquo;
While general authorizations already existed for most activities in support of humanitarian assistance in Syria, OFAC stated that GL 23 &ldquo;provides the broad authorization necessary to support immediate disaster relief efforts in Syria.&rdquo;&nbsp; The press release also notes that the Department of the Treasury &ldquo;will continue to monitor the situation in Syria and engage with key humanitarian and disaster assistance stakeholders, including [nongovernmental organizations, international organizations], and key partners and allies, to understand emerging challenges they may face in delivery of services.&rdquo;
It should be noted that while GL 23 does authorize transactions with the Government of Syria, it otherwise continues to prohibit any transactions with persons or entities who are blocked and on OFAC&rsquo;s Specially Designated Persons (SDN) List.
As a reminder, 31 C.F.R. Part 569 under the separate Syria-Related Sanctions Regulations at &sect; 569.510 already authorizes the official business of certain international organizations and certain transactions in support of nongovernmental organizations&lsquo; activities.&nbsp;

OFAC Issues General License Authorizing Earthquake Relief Efforts in Syria

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