Updates to OFAC Licensing Portal Application Status and Hotline

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking additional steps to provide greater transparency and information to specific license applicants by providing more detailed updates regarding the status of their applications via the public Licensing Portal. Applicants will now receive one of ten following case statuses to better indicate where their application is in the processing timeline. Received Guidance Issued Returned Without Action Pending Management Review Pending Interagency Review Pending Treasury Coordination Pending with Applicant Approved Denied Closed Concurrently, OFAC is implementing updates to the Licensing Division hotline, including updating menus and transitioning to a callback-only system. These changes are aimed at helping the public access the information they need faster, reducing call wait times, and improving the overall customer experience.