OFAC Publishes Guidelines on Transactions With the Palestinian Authority
Today the Treasury Department's Office of Foreign Assets Control (OFAC) posted on its website a one-page PDF document entitled "Guidelines on Transactions With the Palestinian Authority." The Guidelines are intended to assist U.S. persons in understanding the scope of OFAC's General License No. 7 that was issued on June 20, 2007.
The guidelines, which do not provide a great deal of new information, state that despite the issuance of General License No. 7 that "dealings with designated terrorist entities such as Hamas or other designated persons remain prohibited."
The Guidelines can be found at the following link: www.treas.gov/offices/enforcement/ofac/programs/terror/ns/pal_guide.pdf.