By Maya Lester KC & Michael O’Kane

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

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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