M.A.C. Technical Service Circular 12/2021: “US Issues General Licenses to Authorize Certain COVID-Related Transactions with Iran, Syria, or Venezuela”

On June 17th 2021 the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three general licenses (referred to as the COVID-19-related GLs) to build upon Treasury’s existing authorizations for COVID-19-related transactions and activities.