Navigating The Complexities Of Sanctions: Delisting And OFAC Licensing
Sanctions are a powerful tool in international relations, used to influence behavior and enforce policies without resorting to military action. However, the dynamics of politics and global economics are ever-changing, and there may come a time when individuals or entities need to be removed, or “delisted,” from sanction lists. Additionally, engaging in certain transactions might require a special license from OFAC. This article aims to demystify these processes and provide insights through recent case studies.