Publication of a Global Terrorism Sanctions Regulations and Illicit Drug Trade Sanctions Regulations Web General License
Rule published May 7, 2026 · 91 FR 24722
- Document number
- FR Doc. 2026-09085
- Type
- Rule
- Published
- May 7, 2026
- Citation
- 91 FR 24722 (page 24,722)
- Action
- Publication of a web general license.
- Dates
- GL 34 was issued on February 19, 2026. 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 a general license (GL) issued pursuant to the Global Terrorism Sanctions Regulations and the Illicit Drug Trade Sanctions Regulations: GL 34. This GL 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 May 7, 2026
- 31 CFR part 599 (today: Illicit Drug Trade Sanctions Regulations) · Other documents citing it · eCFR as of May 7, 2026
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 91, Number 88 (Thursday, May 7, 2026)]
[Rules and Regulations]
[Page 24722]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-09085]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 594 and 599
Publication of a Global Terrorism Sanctions Regulations and
Illicit Drug Trade Sanctions Regulations Web General License
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a web general license.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license (GL) issued pursuant to
the Global Terrorism Sanctions Regulations and the Illicit Drug Trade
Sanctions Regulations: GL 34. This GL was previously made available on
OFAC's website.
DATES: GL 34 was issued on February 19, 2026. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; 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 February 19, 2026, OFAC issued GL 34 to authorize certain
transactions otherwise prohibited by the Global Terrorism Sanctions
Regulations, 31 CFR part 594, and the Illicit Drug Trade Sanctions
Regulations, 31 CFR part 599. GL 34 was made available on OFAC's
website (https://ofac.treasury.gov) when it was issued. The text of
this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Global Terrorism Sanctions Regulations
31 CFR Part 594
Illicit Drug Trade Sanctions Regulations
31 CFR Part 599
GENERAL LICENSE NO. 34
Authorizing the Wind Down of Transactions Involving Kovay Gardens
(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) or the Illicit Drug Trade Sanctions
Regulations, 31 CFR part 599 (IDTSR), that are ordinarily incident and
necessary to the wind down of any transaction involving Kovay Gardens,
or any entity in which Kovay Gardens owns, directly or indirectly, a 50
percent or greater interest, are authorized through 12:01 a.m. eastern
daylight time, March 21, 2026, provided that any payment to a blocked
person is made into a blocked account in accordance with the IDTSR and
GTSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the GTSR or IDTSR, including transactions
involving any person blocked pursuant to the GTSR or IDTSR other than
the blocked persons described in paragraph (a) of this general license,
unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 19, 2026.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2026-09085 Filed 5-6-26; 8:45 am]
BILLING CODE 4810-AL-P