GL-FF
ActiveAuthorizing the Wind Down of Transactions Involving International Development Bank for Investment and Finance
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Summary
General License FF authorizes all transactions under the Iranian Transactions and Sanctions Regulations (ITSR) that are ordinarily incident and necessary to wind down any transaction involving International Development Bank for Investment and Finance (a.k.a. Iraq Development Bank), or any entity in which Iraq Development Bank owns 50 percent or greater interest, directly or indirectly. The authorization is time-limited and does not extend to other blocked persons beyond those specified.
Authorized activities
- Wind down of transactions involving International Development Bank for Investment and Finance (a.k.a. Iraq Development Bank)
- Wind down of transactions involving any entity in which Iraq Development Bank owns, directly or indirectly, a 50 percent or greater interest
Conditions
Payments to a blocked person must be made into a blocked account in accordance with the ITSR. The license does not authorize transactions involving any person blocked pursuant to the ITSR other than the blocked persons described in paragraph (a), unless separately authorized.