What happened
OFAC announced the expiration of the Ethiopia emergency, removal of Ethiopia-related designations, and issued an amended Russia-related general license with updated FAQs.
Designated in this action
Organization, regulator US OFAC SDN - Ethiopia, OFAC SDN - Russia —
What compliance teams should check
- Re-screen customers against updated OFAC SDN lists
- Review exposure to Ethiopia- and Russia-related sanctions
- Update compliance procedures per amended general license
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