On January 17, 2017, Office of Foreign Assets Control (OFAC) published in the Federal Register a final rule amending the Sudanese Sanctions Regulations (31 C.F.R. Part 538) to authorize all prohibited transactions, including transactions involving property in which the Government of Sudan has an interest. OFAC is issuing this general license in connection with ongoing U.S.-Sudan bilateral engagement and in response to positive developments in the country over the past six months related to bilateral cooperation, the ending of internal hostilities, regional cooperation, and improvements to humanitarian access.
See below for changes in BIS licensing policy with respect to Sudan.
OFAC also published a Fact Sheet and a number of new and updated Frequently Asked Questions pertaining to this regulatory amendment.
