Which type of license does not require prior case-by-case authorization from OFAC?

A general license allows individuals or entities to engage in specific transactions or activities without needing to request prior authorization from the Office of Foreign Assets Control (OFAC) on a case-by-case basis. This type of license is pre-approved and publicly available, which means that anyone who fits the criteria outlined in the general license can proceed with the specified activities without needing to seek additional permission.

In contrast, a specific license is unique to an individual applicant and involves an approval process, requiring specific details about the transaction or activity to be submitted to OFAC for review. Emergency licenses and conditional licenses also involve certain stipulations and requirements that necessitate prior approval or additional conditions being met, making them less flexible compared to general licenses.

The key distinction of the general license is its broad applicability and lack of requirement for individual authorization, making it a vital tool for facilitating compliance while still adhering to the regulations set forth by OFAC.