OFAC to Replace Licensing Hotline With New Online Platform

The Office of Foreign Assets Control is now accepting licensing questions through a new online platform and is planning to retire its current callback-only telephone system on Aug. 29, the agency said this week. Users that submit questions through the online platform will receive answers about specific OFAC licenses and interpretive guidance via email or by phone. Before submitting questions, OFAC said, users are encouraged to review existing sanctions FAQs, watch OFAC’s video guidance on applying for a license, review the agency’s best practices for license applications, and check their license application status.