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…
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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.”