Some exemptions or licenses may be granted under OFAC.

Some exemptions or licenses may be granted under OFAC.

• A. OFAC prohibits all transactions with sanctioned parties with no exceptions
• B. OFAC issues licenses for all humanitarian transactions
• C. OFAC only blocks cash; not accounts
• D. Some exemptions or licenses may be granted

Answer: (D)

OFAC sanctions are not just blanket prohibitions; they include pathways for permitted activities through licenses and exemptions. Some transactions can proceed if they have an appropriate license—either a general license that covers broad categories or a specific license issued for a particular case. Humanitarian exemptions exist, but they’re not automatic for all humanitarian transactions; each activity must be authorized under the license terms. This is why the statement that some exemptions or licenses may be granted is the best answer: it accurately reflects OFAC’s ability to allow certain conduct under proper authorization. The other options misstate how OFAC operates—for example, sanctions can block more than cash, there isn’t a universal permission for all humanitarian transactions, and there are not always zero exceptions to prohibitions.

OFAC sanctions are not just blanket prohibitions; they include pathways for permitted activities through licenses and exemptions. Some transactions can proceed if they have an appropriate license—either a general license that covers broad categories or a specific license issued for a particular case. Humanitarian exemptions exist, but they’re not automatic for all humanitarian transactions; each activity must be authorized under the license terms. This is why the statement that some exemptions or licenses may be granted is the best answer: it accurately reflects OFAC’s ability to allow certain conduct under proper authorization. The other options misstate how OFAC operates—for example, sanctions can block more than cash, there isn’t a universal permission for all humanitarian transactions, and there are not always zero exceptions to prohibitions.