Publication of Global Terrorism Sanctions Regulations Web General Licenses 30 and 31
Rule published October 24, 2024 · 89 FR 84821
- Document number
- FR Doc. 2024-24734
- Type
- Rule
- Published
- October 24, 2024
- Citation
- 89 FR 84821 (page 84,821)
- Action
- Publication of web general licenses.
- Dates
- GLs 30 and 31 were issued on October 7, 2024. See SUPPLEMENTARY INFORMATION for additional relevant dates.
- 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 two general licenses (GLs) issued pursuant to the Global Terrorism Sanctions Regulations: GLs 30 and 31, each of which was previously made available on OFAC's website.
Regulations cited
- 31 CFR part 594 (today: Global Terrorism Sanctions Regulations) · Other documents citing it · eCFR as of October 24, 2024
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
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 89, Number 206 (Thursday, October 24, 2024)]
[Rules and Regulations]
[Page 84821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24734]
[[Page 84821]]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 594
Publication of Global Terrorism Sanctions Regulations Web General
Licenses 30 and 31
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two general licenses (GLs) issued pursuant
to the Global Terrorism Sanctions Regulations: GLs 30 and 31, each of
which was previously made available on OFAC's website.
DATES: GLs 30 and 31 were issued on October 7, 2024. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; Assistant Director for Compliance, 202-622-2490; or
https://ofac.treasury.gov/contact-ofac.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov.
Background
On October 7, 2024, OFAC issued GLs 30 and 31 to authorize certain
transactions otherwise prohibited by Global Terrorism Sanctions
Regulations, 31 CFR part 594. Each GL was made available on OFAC's
website (https://ofac.treasury.gov) when it was issued. GLs 30 and 31
each have an expiration date of November 21, 2024. The text of these
GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Global Terrorism Sanctions Regulations
31 CFR Part 594
GENERAL LICENSE NO. 30
Authorizing the Wind Down of Transactions Involving Certain Entities
Blocked on October 7, 2024
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Global Terrorism Sanctions
Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and
necessary to the wind down of any transaction involving one or more of
the following blocked persons are authorized through 12:01 a.m. eastern
standard time, November 21, 2024, provided that any payment to a
blocked person is made into a blocked account in accordance with the
GTSR:
(1) Al Ahmar Trading Group;
(2) Al Salam Trading and Agencies General Establishment;
(3) Sabaturk Dis Ticaret Anomin Sirketi;
(4) Vivid Enerji Yatirimlari Anonim Sirketi;
(5) Investrade Portfoy Yonetimi Anomim Sirketi; or
(6) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(b) This general license does not authorize any transactions
otherwise prohibited by the GTSR, including transactions involving any
person blocked pursuant to the GTSR other than the blocked persons
described in paragraph (a) of this general license, unless separately
authorized.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: October 7, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Global Terrorism Sanctions Regulations
31 CFR Part 594
GENERAL LICENSE NO. 31
Authorizing Certain Transactions Related to Debt or Equity of, or
Derivative Contracts Involving, Certain Entities Blocked on October 7,
2024
(a) Except as provided in paragraphs (d) and (e) of this general
license, all transactions prohibited by the Global Terrorism Sanctions
Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and
necessary to the divestment or transfer, or the facilitation of the
divestment or transfer, of debt or equity of Investrade Portfoy
Yonetimi Anomim Sirketi (Investrade Portfoy), and any entity in which
Investrade Portfoy owns, directly or indirectly, a 50 percent or
greater interest (``Covered Debt or Equity''), to a non-U.S. person are
authorized through 12:01 a.m. eastern standard time, November 21, 2024:
(b) Except as provided in paragraph (e) of this general license,
all transactions prohibited by the GTSR that are ordinarily incident
and necessary to facilitating, clearing, and settling trades of Covered
Debt or Equity that were placed prior to 4:00 p.m. eastern daylight
time, October 7, 2024, are authorized through 12:01 a.m. eastern
standard time, November 21, 2024.
(c) Except as provided in paragraph (e), all transactions
prohibited by the GTSR that are ordinarily incident and necessary to
the wind down of derivative contracts entered into prior to 4:00 p.m.
eastern daylight time, October 7, 2024, that (i) include a blocked
person described in paragraph (a) of this general license as a
counterparty or (ii) are linked to Covered Debt or Equity are
authorized through 12:01 a.m. eastern standard time, November 21, 2024,
provided that any payments to a blocked person are made into a blocked
account in accordance with the GTSR.
(d) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, Covered
Debt or Equity to, directly or indirectly, any person whose property
and interests in property are blocked; or
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, Covered Debt or
Equity, other than purchases of or investments in Covered Debt or
Equity ordinarily incident and necessary to the divestment or transfer
of Covered Debt or Equity as described in paragraph (a) of this general
license.
(e) This general license does not authorize any transactions
otherwise prohibited by the GTSR, including transactions involving any
person blocked pursuant to the GTSR, other than the blocked persons
described in paragraph (a) of this general license, unless separately
authorized.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: October 7, 2024.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-24734 Filed 10-23-24; 8:45 am]
BILLING CODE 4810-AL-P