[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OFAC issued GL 8A, which replaced and superseded GL 8, and made GL 8A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