Publication of a General License Related to the Foreign Narcotics Kingpin Sanctions Program
Notice published November 30, 2015 · 80 FR 74835
- Document number
- FR Doc. 2015-30206
- Type
- Notice
- Published
- November 30, 2015
- Citation
- 80 FR 74835 (page 74,835)
- Action
- Notice, Publication of a General License.
- Effective
- October 21, 2015
- Dates
- Effective Date: October 21, 2015.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license issued in the Foreign Narcotics Kingpin sanctions program.
Text
As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.
[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Notices]
[Page 74835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30206]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Publication of a General License Related to the Foreign Narcotics
Kingpin Sanctions Program
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice, Publication of a General License.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license issued in the Foreign
Narcotics Kingpin sanctions program.
DATES: Effective Date: October 21, 2015.
FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's
Office of Foreign Assets Control: Assistant Director for Licensing,
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.:
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation,
tel.: 202-622-2490; or the Department of the Treasury's Office of the
Chief Counsel (Foreign Assets Control), Office of the General Counsel,
tel.: 202-622-2410.
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional information concerning OFAC are
available from OFAC's Web site (www.treasury.gov/ofac). Certain general
information pertaining to OFAC's sanctions programs also is available
via facsimile through a 24-hour fax-on-demand service, tel.: 202-622-
0077.
Background
Recently OFAC issued a general license authorizing certain
transactions and activities otherwise prohibited by the sanctions
programs OFAC administers. At the time of issuance of the general
license, OFAC made that license available on its Web site
(www.treasury.gov/ofac). With this notice, OFAC is publishing the
general license in the Federal Register. The general license contained
in this Notice relates to the Foreign Narcotics Kingpin Sanctions
Regulations, 31 CFR part 598.
General License No. 1
Authorizing Certain Transactions and Activities To Liquidate and Wind
Down Banco Continental, S.A.
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities otherwise prohibited by the Foreign
Narcotics Kingpin Sanctions Regulations, 31 CFR part 598, that are for
the liquidation and wind down of the Honduran bank, Banco Continental,
S.A., including transactions and activities related to the preparation
and submission of bids to acquire the assets of Banco Continental,
S.A., are authorized through 12:01 a.m. eastern daylight time, December
12, 2015.
(b) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to the Foreign
Narcotics Kingpin Sanctions Regulations, 31 CFR part 598; or
(2) Any transactions or dealings otherwise prohibited by any
Executive order or any other part of 31 CFR Chapter V, or any
transactions or dealings with any individual or entity other than Banco
Continental, S.A. that is listed on the Office of Foreign Assets
Control's List of Specially Designated Nationals or Blocked Persons or
that otherwise constitutes a person whose property and interests in
property are blocked.
(c) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
liquidation and wind-down activities conclude, to file a report,
including the parties involved, the type and scope of activities
conducted, and the dates of the activities, with the Office of Foreign
Assets Control, Licensing Division, U.S. Department of the Treasury,
1500 Pennsylvania Avenue NW., Annex, Washington, DC 20220.
Issued: October 21, 2015.
John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2015-30206 Filed 11-27-15; 8:45 am]
BILLING CODE 4810-AL-P