[Federal Register Volume 88, Number 212 (Friday, November 3, 2023)]
[Rules and Regulations]
[Pages 75494-75495]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24332]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 582


Publication of Nicaragua Sanctions Regulations Web General 
Licenses 1, 2, and 2A

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 Nicaragua Sanctions Regulations: GLs 1, 2, and 2A, each 
of which was previously made available on OFAC's website.

DATES: GLs 1 and 2 were issued on March 5, 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 Compliance, 202-622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

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

Background

    On March 5, 2020, OFAC issued GLs 1 and 2 to authorize certain 
transactions otherwise prohibited by the Nicaragua Sanctions 
Regulations, 31 CFR part 582 (NSR). On March 25, 2020, OFAC issued GL 
2A, which superseded GL 2, pursuant to the NSR and the Nicaragua 
Investment Conditionality Act of 2018 (50 U.S.C. 1701 note) (NICA Act), 
previously known as the ``Nicaragua Human Rights and Anticorruption Act 
of 2018.'' GL 2A expired on May 6, 2020. Also on March 25, 2020, OFAC 
issued GL 1A pursuant to the NSR and the NICA Act; GL 1A superseded GL 
1 and was later incorporated into the NSR (85 FR 43436). Each GL was 
made available on OFAC's website (https://ofac.treasury.gov) when it 
was issued. The text of GLs 1, 2, and 2A is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Nicaragua Sanctions Regulations

31 CFR Part 582

GENERAL LICENSE NO. 1

Official Business of the United States Government

    (a) Except as provided in paragraph (b) of this general license, 
all transactions that are for the conduct of the official business of 
the United States Government by employees, grantees, or contractors 
thereof are authorized.
    (b) This general license does not authorize any transaction that is 
prohibited by any part of 31 CFR chapter V other than part 582.

Andrea Gacki,
Director, Office of Foreign Assets Control
    Dated: March 5, 2020.

OFFICE OF FOREIGN ASSETS CONTROL

Nicaragua Sanctions Regulations

31 CFR Part 582

GENERAL LICENSE NO. 2

Authorizing the Wind Down of Transactions Involving the Nicaraguan 
National Police

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities prohibited by the Nicaragua Sanctions 
Regulations, 31 CFR part 582 (the NSR), that are ordinarily incident 
and necessary to the wind down of transactions involving the Nicaraguan 
National Police (NNP), or any entity in which the NNP owns, directly or 
indirectly, a 50 percent or greater interest, including the processing 
of salary payments from the NNP, or any entity in which the NNP owns, 
directly or indirectly, a 50 percent or greater interest, to its 
employees, are authorized through 12:01 a.m. eastern daylight time, May 
6, 2020.
    (b) This general license does not authorize:
    (1) Any debit to an account of the NNP, or any entity in which the 
NNP owns, directly or indirectly, a 50 percent or greater interest, on 
the books of a U.S. financial institution; or
    (2) Any transactions or activities prohibited by any part of 31 CFR 
chapter V other than the NSR, or any transactions or activities with 
any blocked person other than the blocked

[[Page 75495]]

persons identified in paragraph (a) of this general license.

Andrea Gacki,
Director, Office of Foreign Assets Control
    Dated: March 5, 2020.

OFFICE OF FOREIGN ASSETS CONTROL

Nicaragua Sanctions Regulations

31 CFR Part 582

Nicaragua Human Rights and Anticorruption Act of 2018

50 U.S.C. 1701 Note

GENERAL LICENSE NO. 2A

Authorizing the Wind Down of Transactions Involving the Nicaraguan 
National Police

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities prohibited by the Nicaragua Sanctions 
Regulations, 31 CFR part 582 (the NSR) or the Nicaragua Human Rights 
and Anticorruption Act of 2018 (NHRAA), that are ordinarily incident 
and necessary to the wind down of transactions involving the Nicaraguan 
National Police (NNP), or any entity in which the NNP owns, directly or 
indirectly, a 50 percent or greater interest, including the processing 
of salary payments from the NNP, or any entity in which the NNP owns, 
directly or indirectly, a 50 percent or greater interest, to its 
employees, are authorized through 12:01 a.m. eastern daylight time, May 
6, 2020.
    (b) This general license does not authorize:
    (1) Any debit to an account of the NNP, or any entity in which the 
NNP owns, directly or indirectly, a 50 percent or greater interest, on 
the books of a U.S. financial institution; or
    (2) Any transactions or activities prohibited by any part of 31 CFR 
chapter V other than the NSR, or any transactions or activities with 
any blocked person other than the blocked persons identified in 
paragraph (a) of this general license.
    (c) Effective March 25, 2020, General License No. 2, dated March 5, 
2020, is replaced and superseded in its entirety by this General 
License No. 2A.

Andrea Gacki,
Director, Office of Foreign Assets Control.

    Dated: March 25, 2020.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-24332 Filed 11-2-23; 8:45 am]
BILLING CODE 4810-AL-P