Travelex Updates Their OFAC Restrictions

Published by February 8, 2012

Travelex Insurance Services, a travel insurance provider, has updated their OFAC restrictions based on improved business processes.

The U.S. Department of Treasurey’s Office of Assets Control administers and enforces economic and trade sanctions based on U.S. foreign¬†policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers and other groups which threaten the national security or economy of the United States.

Effective February 8, 2012, several OFAC sanctioned countries have been removed from Travelex’s restricted list.

Moving forward, only the following destinations have restrictions:

  • Iran
  • Libya
  • North Korea
  • Syria
Enrollments for travel to Cuba may be accepted through special processing.