Form TD F 90-22.54 TD F 90-22.54 Application for the Release of Blocked Funds

Form for OFAC License Applications to Unblock Funds Transfers

Revision to Form for Application for Release of Blocked Assets (8-12-2019 PDF)

Form for OFAC License Applications to Unblock Funds Transfers

OMB: 1505-0170

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INSTRUCTIONS
WHERE A WIRE TRANSFER HAS BEEN BLOCKED AT A U.S. FINANCIAL INSTITUTION DUE TO U.S. GOVERNMENT SANCTIONS, A PARTY TO THE
TRANSFER MAY APPLY FOR RELEASE OF THE FUNDS.
▪ COMPLETE ALL APPLICABLE SECTIONS. FAILURE TO PROVIDE ADEQUATE INFORMATION MAY RESULT IN YOUR APPLICATION BEING
RETURNED WITHOUT ACTION.
▪ ATTACH COPIES OF ANY DOCUMENTS RELATED TO THE UNDERLYING TRANSACTION (E.G. INVOICES, BILLS OF LADING, PHOTOCOPY
OF THE ORIGINAL PAYMENT OR TRANSFER INSTRUCTIONS, COPIES OF GOVERNMENT-ISSUED IDENTIFICATION SUCH AS PASSPORT,
TEMPORARY/PERMANENT RESIDENT CARD, BIRTH CERTIFICATE, OR OTHER IDENTIFYING DOCUMENTATION).
▪ ALL DOCUMENTS MUST BE IN ENGLISH OR INCLUDE AN ENGLISH TRANSLATION.
▪ APPLICATIONS SHOULD BE SUBMITTED USING THE MOST RECENT VERSION OF FORM TD F 90-22.54, APPLICATION FOR RELEASE OF
BLOCKED FUNDS, BY EMAIL, U.S. MAIL, OR ANY OTHER OFFICIAL REPORTING OPTION, INCLUDING ELECTRONIC, AS SPECIFIED BY
OFAC ON ITS WEBSITE (HTTP://WWW.TREASURY.GOV/OFAC).
▪ OFAC STRONGLY PREFERS TO RECEIVE APPLICATIONS BY EMAIL OR ANY OTHER OFFICIAL ELECTRONIC REPORTING OPTION, AS
SPECIFIED BY OFAC ON ITS WEBSITE.
▪ IF APPLICATIONS ARE MADE ELECTRONICALLY, THEN IT IS NOT NECESSARY TO SEND COPIES OF THE SAME APPLICATION VIA U.S. MAIL.
▪ IF SENDING APPLICATION VIA U.S. MAIL, THEN MAIL THE COMPLETED AND SIGNED APPLICATION, TOGETHER WITH ACCOMPANYING
DOCUMENTATION AND TWO ADDITIONAL COPIES OF THE ENTIRE SUBMISSION, TO: OFFICE OF FOREIGN ASSETS CONTROL,
DEPARTMENT OF THE TREASURY, 1500 PENNSYLVANIA AVENUE N.W., FREEDMAN’S BANK BUILDING, W ASHINGTON, DC 20220,
ATTN: BLOCKED FUNDS APPLICATION.
▪ A COPY OF THIS APPLICATION AND ALL RELATED DOCUMENTATION MUST BE RETAINED BY THE APPLICANT FOR AT LEAST FIVE YEARS
AFTER THE DATE OF THE UNDERLYING TRANSACTION.
▪ UNLESS AUTHORIZED BY OFAC, APPLICATIONS MADE BY ANY OTHER METHOD WILL NOT BE CONSIDERED.

LICENSES GRANTED PURSUANT TO THIS APPLICATION ARE SUBJECT TO THE CONDITIONS BELOW
▪ LICENSEES SHALL FURNISH AND MAKE AVAILABLE FOR INSPECTION ANY RELEVANT INFORMATION, RECORDS OR REPORTS
REQUESTED BY THE SECRETARY OF THE TREASURY OR ANY DULY AUTHORIZED OFFICER OR AGENCY OF THE SECRETARY.

▪ A SPECIFIC LICENSE IS NOT TRANSFERABLE, IS LIMITED TO THE FACTS AND CIRCUMSTANCES SPECIFIC TO THE APPLICATION, AND IS
SUBJECT TO THE PROVISIONS OF 31 CFR PART 501, THE RELEVANT EXECUTIVE ORDER OR PART OF 31 CFR CHAPTER V PERTAINING
TO THE SANCTIONS PROGRAM UNDER WHICH THE TRANSFER WAS BLOCKED AND ANY REGULATIONS OR RULINGS ISSUED PURSUANT
THERETO. A LICENSE MAY BE REVOKED OR MODIFIED AT ANY TIME AT THE DISCRETION OF THE SECRETARY OF THE TREASURY. IF A
SPECIFIC LICENSE WAS ISSUED AS A RESULT OF WILLFUL MISREPRESENTATION ON THE PART OF THE APPLICANT OR HIS AGENT, IT
MAY, AT THE DISCRETION OF THE SECRETARY OF THE TREASURY, BE DECLARED VOID FROM THE DATE OF ITS ISSUANCE, OR FROM
ANY OTHER DATE.

▪ A SPECIFIC LICENSE 1) DOES NOT EXCUSE COMPLIANCE WITH ANY LAW OR REGULATION ADMINISTERED BY THE OFFICE OF FOREIGN
ASSETS CONTROL OR ANOTHER AGENCY (INCLUDING REPORTING REQUIREMENTS APPLICABLE TO THE TRANSACTIONS AND
ACTIVITIES THEREIN LICENSED), 2) DOES NOT RELEASE THE LICENSEES OR THIRD PARTIES FROM CIVIL OR CRIMINAL LIABILITY FOR
VIOLATION OF ANY LAW OR REGULATION, AND 3) DOES NOT CONSTITUTE A FINDING OF FACT OR CONCLUSION OF LAW WITH RESPECT
TO THE APPLICABILITY OF ANY LAW OR REGULATION.

▪ ATTENTION IS DIRECTED TO 19 U.S.C. §§ 1592 AND 1595A, 18 U.S.C. § 545, 18 U.S.C. § 1001, 50 U.S.C. APP. § 16, AND SECTION 701 ET
SEQ. OF THE RELEVANT PART OF 31 CFR FOR PROVISIONS RELATING TO PENALTIES.

FOR YOUR INFORMATION
▪ Remitter – The person or organization that is sending the funds.
▪ Remitting Financial Institution – Name of the financial institution initiating the transfer on behalf of the remitter.
▪ Intermediary Financial Institution – A bank other than the remitter’s bank or beneficiary’s bank through which the transfer passes.
▪ Beneficiary Financial Institution – The financial institution receiving the funds on behalf of the beneficiary.
▪ Beneficiary – The ultimate party to be credited or paid as a result of a wire transfer.
WARNING!
MAKING FALSE OR MISLEADING STATEMENTS ON OR IN CONNECTION WITH THIS APPLICATION
MAY CONSTITUTE SERIOUS CRIMINAL AND/OR CIVIL VIOLATIONS OF FEDERAL LAW AND MAY
RESULT IN SUBSTANTIAL FINES.
PAPERWORK REDUCTION/PRIVACY ACT STATEMENT: The paperwork requirement has been cleared under the Paperwork Reduction Act of 1985. The Office of Foreign Assets
Control (OFAC) of the Department of the Treasury requires this information to be furnished pursuant to 31 CFR Part 501. Transactions prohibited pursuant to the Trading With
the Enemy Act, 50 U.S.C. §§ 4301-4341, the International Emergency Economic Powers Act, 50 U.S.C. 1701 et seq., and other authorities may be authorized by means of licenses
issued by OFAC. The information collected will be used for the U.S. Government to evaluate and process license applications submitted by applicants whose money has been
blocked pursuant to OFAC sanctions. It is the policy of OFAC to protect the confidentiality of information in appropriate cases pursuant to the exemptions from disclosure
provided under the Freedom of Information Act and the Privacy Act. The information may be shared with other Federal agencies that assist OFAC in reviewing and verifying
license applications. If this mandatory information is not provided, then it may take longer to process the applications and may make it more difficult for OFAC to come to a
decision on the application request. The estimated burden associated with this collection of information is 30 minutes per respondent. Comments concerning the accuracy of
this burden estimate and suggestions for reducing this burden should be directed to the Compliance Programs Division, OFAC, Department of the Treasury, 1500 Pennsylvania
Ave., N.W., Washington, D.C. 20220 and the Office of Management and Budget, Paperwork Reduction Project OMB No. 1505-0170, Washington, D.C. 20503. An agency may not
conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by OMB.

Mail this application to: Licensing Division
Office of Foreign Assets Control
U.S. Department of the Treasury
1500 Pennsylvania Avenue, N.W.
Washington, D.C. 20220

Form Approved
OMB No.: 1505-0170
Expiration Date: 07/31/2022

OMB No. 1505-0170

U.S. Department of the Treasury

APPLICATION FOR THE RELEASE OF BLOCKED FUNDS

Previous Case Number (if applicable):

TYPE OF APPLICATION New Application
2. Currency Type:

1. Blocked Amount:

3. Date Blocked (mm/dd/yyyy):

APPLICANT/CONTACT INFORMATION
4. Business Name (if applicable):
5. Last Name:

6. First Name:

7. Middle Name:

8a. Street Address 1:

8b. Street Address 2:

9. City:

10. Country

12. Postal Code:

11.State
Area

Exchange

Number

Area

Extension

Exchange

Number

15. Int'l 16. Fax:

13. Int'l 14. Phone:

18. Principal Place of Business:

17. E-mail Address:
19. State or Country Where Business is Incorporated:
20. Transfer Blocked Due to the Following OFAC Sanctions Program:

IF BLOCKING OCCURRED BECAUSE THE NAME OF ANY PARTY TO THE TRANSACTION APPEARS TO MATCH A NAME ON THE
SPECIALLY DESIGNATED NATIONALS (SDN) LIST, PLEASE PROVIDE INFORMATION RELATED TO THE NAME MATCH (e.g. copy
of: original payment or transfer instructions, invoices, bills of lading, passport, temporary/permanent resident card, birth certificate,
Employer Identification Number, passport, national ID card, incorporation document or other government-issued identifying
documentation).

FINANCIAL INSTITUTION THAT BLOCKED FUNDS
21. Institution Name:
23. City:

22. Street Address:
24. Country

25. State

26. Postal Code:

REMITTER'S INFORMATION
27. Business Name (if applicable):
28. Last Name:

30. Middle Name:

29. First Name:

31. Street Address:
33. Country

32. City:
34.State

35. Postal Code:

REMITTING FINANCIAL INSTITUTION
36. Institution Name:
38. City:

37. Street Address:
39. Country

40.State

Page 1 of 3

41. Postal Code:

OMB No. 1505-0170

APPLICATION FOR THE RELEASE OF BLOCKED FUNDS (cont'd)
INTERMEDIARY FINANCIAL INSTITUTION
42. Institution Name:
43. Street Address:
45. Country

44. City:
47. Postal Code:

46.State
BENEFICIARY FINANCIAL INSTITUTION

48. Institution Name:
49. Street Address:
51. Country

50. City:
52.State

53. Postal Code:

BENEFICIARY'S INFORMATION
54. Business Name (if applicable):
55. Last Name:

56. First Name:

57. Middle Name:

58. Street Address:

59. City:

60. Country

61.State

62. Postal Code:

63. DETAILED EXPLANATION OF THE TRANSACTION, INCLUDING THE PURPOSE OF THE PAYMENT (Additional space provided on next page.)

Page 2 of 3

OMB No. 1505-0170

APPLICATION FOR THE RELEASE OF BLOCKED FUNDS (cont'd)

64. DETAILED EXPLANATION OF THE TRANSACTION (cont'd)

65. APPLICANT CERTIFICATION: I, THE UNDERSIGNED, HEREBY DECLARE THAT, TO THE BEST OF MY KNOWLEDGE,THE INFORMATION
PROVIDED ON THIS APPLICATION AND ANY ACCOMPANYING DOCUMENTATION IS TRUTHFUL AND COMPLETE.
66. SIGNATURE: (please provide handwritten signature on printed application)

67. DATE:

68. SIGNATORY NAME:

69. SIGNATORY TITLE:

70. SIGNATORY E-MAIL:

Page 3 of 3

(please provide handwritten date)


File Typeapplication/pdf
AuthorGupta, Katherine
File Modified2019-09-11
File Created2019-08-12

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