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OFAC relaxes sanctions on Libya, authorizes winding down of transactions in Syria
- Arent Fox LLP
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- Libya, USA
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- September 26 2011
In recent weeks, the US Treasury Department’s Office of Foreign Assets Control (OFAC) published and updated two new general licenses under the Libyan sanctions program, effectively authorizing most transactions involving the Government of Libya (GOL) and Libyan state-owned petroleum companies
