OFAC Renews COVID-Related General Licenses, Updates Guidance

The Office of Foreign Assets Control this week renewed three General Licenses, which were scheduled to expire June 17, that expand and clarify humanitarian-related exemptions for shipments and activities related to Syria, Iran and Venezuela (see 2106180015 and 2206100030). OFAC also updated a guidance on providing humanitarian aid to combat COVID-19.

Updated Syria General License 21B, Venezuela General License 39B and Iran General License N-2 are now authorized through 12:01 a.m. EDT, June 14, 2024. The licenses authorize certain transactions related to COVID-19 diagnosis, prevention and treatment.