DIFFERENT ANGLE by Kenneth Rijock
Treasury's Office of Financial Assets Control [OFAC] has released specific guidelines for the financial community relative to the new status of the Palestinian Authority. Making a finding that it is " in the national interest to authorise US persons to engage in all transactions with the Palestinian Authority," OFAC has issued a General License to " broadly authorise all US persons" to deal with the new Palestinian Authority government. On 20 June, OFAC issued General License No. 7, generally which authorises all transactions.
For those who wish to see the specific language of the OFAC statement:
http://www.treas.gov/offices/enforcement/ofac/programs/terror/ns/pal_guide.pdf
_______________________________________________________________________________________________________ * See also OFAC lifts Sanctions on Palestinian Authority, World-Check 21 June, 2007; Palestinian Authority warns about unusual HAMAS funding sources, World-Check 23 June, 2007.
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
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