[Federal Register Volume 87, Number 186 (Tuesday, September 27, 2022)]
[Rules and Regulations]
[Pages 58450-58451]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-20417]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 560 and 594


Publication of Iranian Transactions and Sanctions Regulations and 
Global Terrorism Sanctions Regulations Web General Licenses 8 and 8A

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 Iranian Transactions and Sanctions Regulations and Global 
Terrorism Sanctions Regulations: GLs 8 and 8A, each of which previously 
was made available on OFAC's website.

DATES: GL 8 was issued on February 27, 2020. 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; or Assistant Director for Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: www.treas.gov/ofac.

Background

    On February 27, 2020, OFAC issued GL 8 to authorize certain 
transactions otherwise prohibited by the Iranian Transactions and 
Sanctions Regulations, 31 CFR part 560, and the Global

[[Page 58451]]

Terrorism Sanctions Regulations, 31 CFR part 594. At the time of 
issuance, OFAC made GL 8 available on its website. On October 26, 2020, 
OFAC issued GL 8A, which replaced and superseded GL 8, and made GL 8A 
available on its website. The text of GLs 8 and 8A is provided below:

OFFICE OF FOREIGN ASSETS CONTROL

Global Terrorism Sanctions Regulations

31 CFR Part 594

Iranian Transactions and Sanctions Regulations

31 CFR Part 560

GENERAL LICENSE NO. 8

Authorizing Certain Humanitarian Trade Transactions Involving the 
Central Bank of Iran

    (a) Except as provided in paragraph (b) of this general license, 
the following transactions and activities involving the Central Bank 
of Iran (CBI) that are prohibited under the Global Terrorism 
Sanctions Regulations, 31 CFR part 594 (GTSR), or the Iranian 
Transactions and Sanctions Regulations, 31 CFR part 560 (ITSR), are 
authorized:
    (i) transactions and activities described in the general 
licenses set forth at Sec. Sec.  560.530(a) and (b), 560.532, and 
560.533 of the ITSR;
    (ii) transactions and activities ordinarily incident and 
necessary to transactions described in paragraph (a)(i) of this 
general license that are authorized under Sec.  560.516 of the ITSR 
or consistent with Sec.  560.405 of the ITSR; and
    (iii) transactions and activities authorized under any specific 
license issued pursuant to Sec. Sec.  560.530, 560.532, or 560.533 
of the ITSR.

    Note 1 to paragraph (a): Paragraph (a) of this general license 
does not authorize the exportation or reexportation of goods set 
forth in 31 CFR 560.530(a)(1)(ii) to the CBI, as set forth in Sec.  
560.530(a)(1) of the ITSR.


    Note 2 to paragraph (a): Section 560.530(d)(5) of the ITSR 
excludes from the scope of Sec.  560.530 any transaction or dealing 
with a person whose property and interests in property are blocked 
pursuant to 31 CFR part 594, among other authorities. Paragraph (a) 
of this general license authorizes certain transactions involving 
the CBI that, due to the exclusion at Sec.  560.530(d)(5), are 
otherwise prohibited by the ITSR. Any transactions otherwise 
prohibited by the ITSR must be separately licensed pursuant to the 
ITSR.

    (b) This general license does not authorize any transactions or 
activities that are otherwise prohibited by the GTSR, Executive 
Order 13224 of September 23, 2001, as amended by Executive Order 
13886 of September 9, 2019, or by any other part of 31 CFR chapter 
V.

Andrea Gacki,

Director, Office of Foreign Assets Control.

    Dated: February 27, 2020.

OFFICE OF FOREIGN ASSETS CONTROL

Global Terrorism Sanctions Regulations

31 CFR Part 594

Iranian Transactions and Sanctions Regulations

31 CFR Part 560

GENERAL LICENSE NO. 8A

Authorizing Certain Humanitarian Trade Transactions Involving the 
Central Bank of Iran or the National Iranian Oil Company

    (a) Except as provided in paragraph (b) of this general license, 
the following transactions and activities involving the Central Bank 
of Iran (CBI), the National Iranian Oil Company (NIOC), or any 
entity in which NIOC owns, directly or indirectly, a 50 percent or 
greater interest, that are prohibited under the Global Terrorism 
Sanctions Regulations, 31 CFR part 594 (GTSR), or the Iranian 
Transactions and Sanctions Regulations, 31 CFR part 560 (ITSR), are 
authorized:
    (i) transactions and activities described in the general 
licenses set forth at Sec. Sec.  560.530(a) and (b), 560.532, and 
560.533 of the ITSR;
    (ii) transactions and activities ordinarily incident and 
necessary to transactions described in paragraph (a)(i) of this 
general license that are authorized under Sec.  560.516 of the ITSR 
or consistent with Sec.  560.405 of the ITSR; and
    (iii) transactions and activities authorized under any specific 
license issued pursuant to Sec. Sec.  560.530, 560.532, or 560.533 
of the ITSR.

    Note to paragraph (a): Section 560.530(d)(5) of the ITSR 
excludes from the scope of Sec.  560.530 any transaction or dealing 
with a person whose property and interests in property are blocked 
pursuant to the GTSR, among other authorities. Paragraph (a) of this 
general license authorizes certain transactions involving the CBI, 
NIOC, or any entity in which NIOC owns, directly or indirectly, a 50 
percent or greater interest, that, due to the exclusion at Sec.  
560.530(d)(5), would otherwise be prohibited by the ITSR. Any 
transactions still prohibited by the ITSR, notwithstanding this 
general license, must be separately licensed pursuant to the ITSR.

    (b) This general license does not authorize:
    (i) the exportation or reexportation of goods set forth in 
560.530(a)(1)(ii) of the ITSR to the CBI, NIOC, or any entity in 
which NIOC owns, directly or indirectly, a 50 percent or greater 
interest, as set forth in Sec.  560.530(a)(1) of the ITSR; or
    (ii) any transactions or activities that are otherwise 
prohibited by the ITSR, the GTSR, Executive Order 13224 of September 
23, 2001, as amended by Executive Order 13886 of September 9, 2019, 
or any other part of 31 CFR chapter V.
    (c) Effective October 26, 2020, General License No. 8, dated 
February 27, 2020, is replaced and superseded in its entirety by 
this General License No. 8A.

Andrea Gacki,

Director, Office of Foreign Assets Control.

    Dated: October 26, 2020.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-20417 Filed 9-26-22; 8:45 am]
BILLING CODE 4810-AL-P