OFAC Updates 'Palestinian Authority' In General License Applications
The Treasury Department’s Office of Foreign Assets Control amended terrorism program general licenses to reflect new Palestinian leadership, the agency said May 14. The amended general license authorizes U.S. persons to engage in certain otherwise prohibited transactions with the Palestinian…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Authority. The revised license defines that Authority as: “the Palestinian Authority government of President Mahmoud Abbas and Prime Minister Salam Fayyad, or any successor Prime Minister appointed by President Abbas, including all branches, ministries, offices, and agencies (independent or otherwise) thereof.”