OFAC issues GL 1B authorising certain transactions with Russia’s FSB

OFAC has issued General Licence 1B, “Authorising certain transactions with the Federal Security Services” (the FSB), which is now subject to US sanctions under WMD- and cyber-related authorities, and CAATSA. The general licence authorises transactions and activities with the FSB which are necessary and ordinarily incident to the FSB acting in its administrative and law enforcement capacities. These include: (i) …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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