DRC-GL-1
ExpiredAuthorizing the Wind Down of Transactions Involving the Rwanda Defence Force
Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.
Summary
This general license authorizes transactions otherwise prohibited by the Democratic Republic of the Congo Sanctions Regulations (DRCSR), 31 CFR part 547, that are ordinarily incident and necessary to wind down transactions involving the Rwanda Defence Force (RDF) or any entity in which the RDF holds a 50 percent or greater interest. The authorization is time-limited and subject to conditions regarding payments to blocked persons. It does not extend to other blocked persons under the DRCSR beyond those specified.
Authorized activities
- Wind down of any transaction involving the Rwanda Defence Force (RDF)
- Wind down of any transaction involving any entity in which the RDF owns, directly or indirectly, a 50 percent or greater interest
Conditions
Any payment to a blocked person must be made into a blocked account in accordance with the DRCSR. The license does not authorize transactions involving any person blocked pursuant to the DRCSR other than the blocked persons described in paragraph (a) (i.e., the RDF and its 50%-or-greater-owned entities), unless separately authorized.