Ukrainian Law Blog
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Thursday, March 15, 2018
CAATSA - Russia-related Designations; Cyber-related Designations and Designations Updates; Russia/Ukraine-related Designations Updates; Issuance of Cyber-related General License 1A; Updated FAQs
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending Cyber General License No. 1, “Authorizing Certain Transactions with the Federal Security Service” (GL 1), and reissuing it as
Cyber General License No. 1A (GL 1A)
in connection with the designation of the Federal Security Service (a.k.a. Federalnaya Sluzhba Bezopasnosti) (a.k.a. FSB) under Section 224 of the Countering America’s Adversaries Through Sanctions Act (CAATSA). The changes to GL 1 are limited to adding CAATSA authorities. OFAC is also publishing
four updated FAQs relating to GL 1A
and
one updated CAATSA-related FAQ
relating to today's action. In addition, OFAC has added/updated the following names on its SDN List.
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