[Federal Register Volume 87, Number 230 (Thursday, December 1, 2022)]
[Rules and Regulations]
[Pages 73647-73648]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-26199]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 598


Publication of Foreign Narcotics Kingpin Sanctions Regulations 
Web General License 1A and Subsequent Iterations

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 three general licenses (GLs) issued 
pursuant to the Foreign Narcotics Kingpin Sanctions Regulations: GLs 
1A, 1B, and 1C, each of which was previously issued on OFAC's website.

DATES: GL 1A was issued on December 8, 2015. 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 December 8, 2015, OFAC issued GL 1A to authorize certain 
transactions otherwise prohibited by the Foreign Narcotics Kingpin 
Sanctions Regulations, 31 CFR part 598. Subsequently, OFAC issued 
further iterations of GL 1A: on June 10, 2016, OFAC issued GL 1B, which 
superseded GL 1A; and on December 9, 2016, OFAC issued GL 1C, which 
superseded GL 1B. Each of these GLs is now expired.
    Each GL was made available on OFAC's website (www.treas.gov/ofac) 
when it was issued. The text of these GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Foreign Narcotics Kingpin Sanctions Regulations 31 CFR Part 598

GENERAL LICENSE NO. 1A

Authorizing Certain Transactions and Activities To Liquidate and Wind 
Down Banco Continental, S.A.

    (a) General License No. 1, dated October 21, 2015, is replaced 
and superseded in its entirety by this General License No. 1A.
    (b) Except as provided in paragraph (c) of this general license, 
all transactions and activities otherwise prohibited by the Foreign 
Narcotics Kingpin Sanctions Regulations, 31 CFR part 598, that are 
for the liquidation and wind down of the Honduran bank, Banco 
Continental, S.A., including transactions and activities related to 
the preparation and submission of bids to acquire the assets of 
Banco Continental, S.A., are authorized through 12:01 a.m. eastern 
daylight time, June 12, 2016.
    (c) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to the 
Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598; or
    (2) Any transactions or dealings otherwise prohibited by any 
Executive order or any other part of 31 CFR Chapter V, or any 
transactions or dealings with any individual or entity other than 
Banco Continental, S.A. that is listed on the Office of Foreign 
Assets Control's List of Specially Designated Nationals or Blocked 
Persons or that otherwise constitutes a person whose property and 
interests in property are blocked.
    (d) U.S. persons participating in transactions authorized by 
this general license are required, within 10 business days after the 
liquidation and wind-down activities conclude, to file a report, 
including the parties involved, the type and scope of activities 
conducted, and the dates of the activities, with the Office of 
Foreign Assets Control, Licensing Division, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Annex, Washington, DC 20220.

John E. Smith,

Acting Director, Office of Foreign Assets Control.

    Dated: December 8, 2015.

OFFICE OF FOREIGN ASSETS CONTROL

Foreign Narcotics Kingpin Sanctions Regulations 31 CFR Part 598

GENERAL LICENSE NO. 1B

Authorizing Certain Transactions and Activities To Liquidate and Wind 
Down Banco Continental, S.A.

    (a) General License No. 1A, dated December 8, 2015, is replaced 
and superseded in its entirety by this General License No. 1B.

[[Page 73648]]

    (b) Except as provided in paragraph (c) of this general license, 
all transactions and activities otherwise prohibited by the Foreign 
Narcotics Kingpin Designation Act, 21 U.S.C. 1901-1908, and the 
Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598, 
that are for the liquidation and wind down of the Honduran bank, 
Banco Continental, S.A., including transactions and activities 
related to the preparation and submission of bids to acquire the 
assets of Banco Continental, S.A., are authorized through 12:01 a.m. 
eastern daylight time, December 12, 2016.
    (c) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to the 
Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598; or
    (2) Any transactions or dealings otherwise prohibited by any 
Executive order or any other part of 31 CFR chapter V, or any 
transactions or dealings with any individual or entity other than 
Banco Continental, S.A. that is listed on the Office of Foreign 
Assets Control's List of Specially Designated Nationals or Blocked 
Persons or that otherwise constitutes a person whose property and 
interests in property are blocked.
    (d) U.S. persons participating in transactions authorized by 
this general license are required, within 10 business days after the 
liquidation and wind-down activities conclude, to file a report, 
including the parties involved, the type and scope of activities 
conducted, and the dates of the activities, with the Office of 
Foreign Assets Control, Licensing Division, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building, 
Washington, DC 20220.

Gregory T. Gatjanis,

Acting Director, Office of Foreign Assets Control.

    Dated: June 10, 2016.

OFFICE OF FOREIGN ASSETS CONTROL

Foreign Narcotics Kingpin Sanctions Regulations 31 CFR Part 598

GENERAL LICENSE NO. 1C

Authorizing Certain Transactions and Activities To Liquidate and Wind 
Down Banco Continental, S.A.

    (a) General License No. 1B, dated June 10, 2016, is replaced and 
superseded in its entirety by this General License No. 1C.
    (b) Except as provided in paragraph (c) of this general license, 
all transactions and activities otherwise prohibited by the Foreign 
Narcotics Kingpin Designation Act, 21 U.S.C. 1901-1908, and the 
Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598, 
that are for the liquidation and wind down of the Honduran bank, 
Banco Continental, S.A., including transactions and activities 
related to the preparation and submission of bids to acquire the 
assets of Banco Continental, S.A., are authorized through 12:01 a.m. 
eastern daylight time, June 14, 2017.
    (c) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to the 
Foreign Narcotics Kingpin Sanctions Regulations, 31 CFR part 598; or
    (2) Any transactions or dealings otherwise prohibited by any 
Executive order or any other part of 31 CFR chapter V, or any 
transactions or dealings with any individual or entity other than 
Banco Continental, S.A. that is listed on the Office of Foreign 
Assets Control's List of Specially Designated Nationals or Blocked 
Persons or that otherwise constitutes a person whose property and 
interests in property are blocked.
    (d) U.S. persons participating in transactions authorized by 
this general license are required, within 10 business days after the 
liquidation and wind-down activities conclude, to file a report, 
including the parties involved, the type and scope of activities 
conducted, and the dates of the activities, with the Office of 
Foreign Assets Control, Licensing Division, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building, 
Washington, DC 20220.

Gregory T. Gatjanis,

Acting Director, Office of Foreign Assets Control.

    Dated: December 9, 2016.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-26199 Filed 11-30-22; 8:45 am]
BILLING CODE 4810-AL-P