GL-18
ActiveAuthorizing U.S. Dollar-Denominated Banknote Noncommercial, Personal Remittances Prohibited by Executive Order of March 11, 2022
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Summary
General License No. 18 authorizes all transactions ordinarily incident and necessary to the transfer of U.S. dollar-denominated banknote noncommercial, personal remittances to individuals located in the Russian Federation, where such transactions are prohibited by section (1)(a)(iv) of the Executive Order of March 11, 2022. The authorization covers transfers originating from the United States or a U.S. person (wherever located) to an individual in Russia, or from a U.S. person who is themselves an individual located in Russia. Noncommercial, personal remittances do not include charitable donations to entities or funds transfers used to support or operate a business. Transferring institutions may rely on the originator's representations for compliance purposes, provided they have no reason to know of non-compliance.
Authorized activities
- Transfer of U.S. dollar-denominated banknote noncommercial, personal remittances from the United States or a U.S. person (wherever located) to an individual located in the Russian Federation
- Transfer of U.S. dollar-denominated banknote noncommercial, personal remittances from a U.S. person who is an individual located in the Russian Federation
- Transferring institutions relying on the originator of a funds transfer for compliance with paragraph (a)(1), provided the institution does not know or have reason to know of non-compliance
Conditions
The license does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), or involving any person blocked pursuant to RuHSR, unless separately authorized. Noncommercial, personal remittances do not include charitable donations to or for the benefit of an entity or funds transfers for use in supporting or operating a business, including a family-owned business. Transferring institutions may rely on the originator of a funds transfer for compliance purposes only if they do not know or have reason to know that the transfer is not in compliance.