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Can I get permission from OFAC to transact or trade with an embargoed country?Can I get permission from OFAC to transact or trade with an embargoed country?

April 26, 2017country embargoed OFAC permission Trade transact

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Can I get permission from OFAC to transact or trade with an embargoed country?Can I get permission from OFAC to transact or trade with an embargoed country?

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OFAC usually has the authority by means of a specific license to permit a person or entity to engage in a transaction which otherwise would be prohibited. In some cases, however, legislation may restrict that authority. OFAC usually has the authority by means of a specific license to permit a person or entity to engage in a transaction which otherwise would be prohibited. In some cases, however, legislation may restrict that authority.