OFAC Publishes Three New Russia General Licenses (131E, 131F, 131G)
OFAC has formally published General Licenses 131E, 131F, and 131G under the Russian Harmful Foreign Activities Sanctions Regulations, incorporating them into the official regulatory record. These GLs define the scope of transactions that are permitted despite broader Russia-related prohibitions, which directly affects how crypto exchanges, payment processors, and financial institutions handle Russia-connected transactions. Firms must ensure their compliance frameworks reflect the precise boundaries set by each of these updated general licenses.
What to do
- Obtain and review GLs 131E, 131F, and 131G in full, then update Russia sanctions screening policies, transaction-monitoring rules, and staff guidance to reflect the current authorized and prohibited activities under each license.
Who this affects
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Source
Read the official publicationThis radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.