On March 4, 2011, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License No. 1A, refining the scope of strict sanctions that had been previously imposed by the United States upon the Libyan regime on February 25, 2011. This memorandum describes the contents of General License No. 1A, and the scope of U.S. sanctions on the Libyan regime as of March 7, 2011.
For additional background on U.S., UN, and EU Libya-related sanctions, please refer to our previous client memorandum.