Addition of General Licenses for the Official Business of the United States Government and Certain International Organizations and Entities and Updates to the 50 Percent Rule Interpretive in OFAC Sanctions Regulations, 78470-78482 [2022-27564]
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 510, 525, 536, 539, 541,
542, 544, 546, 547, 548, 549, 551, 552,
555, 558, 560, 561, 562, 569, 576, 579,
582, 583, 584, 585, 591, 594, 596, 597,
and 598
Addition of General Licenses for the
Official Business of the United States
Government and Certain International
Organizations and Entities and
Updates to the 50 Percent Rule
Interpretive in OFAC Sanctions
Regulations
Office of Foreign Assets
Control, Treasury.
ACTION: Final rule.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is amending its
regulations in multiple sanctions
programs to add, amend, or update
general licenses authorizing official
business of the United States
government and official business of
certain international organizations and
entities, and update an interpretation
explaining that the property and
interests in property of an entity are
blocked if one or more blocked persons
own, whether individually or in the
aggregate, directly or indirectly, a 50
percent or greater interest in the entity.
Additionally, OFAC is updating the
authority citation of several CFR parts to
consolidate or shorten citations to
conform to Federal Register
requirements.
DATES: This rule is effective December
21, 2022.
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:
SUMMARY:
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Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website
(www.treas.gov/ofac).
Background
OFAC, in consultation with the
Department of State, is amending
regulations in multiple OFACadministered sanctions programs to
generally official business of the United
States government, as well as official
business of certain international
organizations and entities, in multiple
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sanctions programs OFAC administers.
Specifically, OFAC is amending
regulations to add a general license
authorizing official business of the
United States government to the
following parts of 31 CFR: 536, 539, 541,
544, 546, 547, 548, 549, 552, 555, 558,
560, 561, 562, 569, 576, 579, 583, 584,
594, 596, 597, and 598. Additionally,
OFAC is updating the existing general
licenses authorizing official business of
the United States government in 31 CFR
510.513 and 542.522, as well as
corresponding text in 31 CFR 510.213
and 542.211 to conform to current
standards for OFAC general licenses.
OFAC is also adding a general license
authorizing official business of certain
international organizations and entities
to the following parts of 31 CFR: 536,
539, 541, 544, 546, 547, 548, 549, 555,
558, 561, 562, 569, 576, 579, 582, 583,
584, 585, 594, 596, 597, and 598. OFAC
is also adding this general license to 31
CFR parts 525 and 591, incorporating
into 31 CFR part 525 the existing Burma
General License No. 2, which was
previously issued on OFAC’s website on
March 25, 2021, and incorporating into
31 CFR part 591 the existing Venezuela
General License No. 20B, which was
previously issued on OFAC’s website on
January 21, 2020. OFAC is also adding
this general license to 31 CFR parts 594
and 597, incorporating and expanding
into both parts the authorization found
in Counter Terrorism General License
No. 1, which was previously issued on
OFAC’s website on April 12, 2006. The
aforementioned web general licenses in
parts 525, 591, 594, and 597 will be
removed from OFAC’s website upon
final issuance of this rule. Finally,
OFAC is updating the existing general
license authorizing activities of certain
international organizations in 31 CFR
parts 510, 551, 552, and 560 to conform
to current standards for OFAC general
licenses. Based on the foreign policy
considerations of each sanctions
program, the general licenses may list
different sets of international
organizations across different programs,
and some general licenses exclude
funds transfers made with knowledge or
reason to know they are intended for
blocked persons, unless certain criteria
are met.
OFAC is also updating an
interpretation in several regulations to
explain that the property and interests
in property of an entity are blocked if
one or more blocked persons own,
whether individually or in the
aggregate, directly or indirectly, a 50
percent or greater interest in the entity,
whether or not the entity itself is
incorporated into OFAC’s Specially
Designated Nationals and Blocked
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Persons List (SDN List). This
interpretation conforms with current
OFAC guidance. The regulatory sections
being updated with this interpretation
are: §§ 541.411, 542.411, 544.411,
546.411, 548.411, 549.411, 558.406,
560.425, 562.406, 576.412, 584.410,
591.406, and 594.412. In addition,
relevant cross-references in the notes to
the following sections are also being
updated: §§ 541.301, 542.301, 544.301,
546.302, 548.301, 549.301, 558.301,
560.322, 562.301, 576.301, and 591.301.
Finally, OFAC is updating the
authority citations of 31 CFR parts 555,
558, 562, 569, 579, 582, and 591 to
consolidate or shorten citations to
conform to Federal Register
requirements or make other technical
updates.
Public Participation
Because the regulations being
amended involve a foreign affairs
function, the provisions of Executive
Order (E.O.) 12866 of September 30,
1993, ‘‘Regulatory Planning and
Review’’ (58 FR 51735, October 4, 1993),
and the Administrative Procedure Act (5
U.S.C. 553) requiring notice of proposed
rulemaking, opportunity for public
participation, and delay in effective
date, are inapplicable. Because no
notice of proposed rulemaking is
required for this rule, the Regulatory
Flexibility Act (5 U.S.C. 601–612) does
not apply.
Paperwork Reduction Act
The collections of information related
to 31 CFR parts 510, 525, 536, 539, 541,
542, 544, 546, 547, 548, 549, 551, 552,
555, 558, 560, 561, 562, 569, 576, 579,
582, 583, 584, 585, 591, 594, 596, 597,
and 598 are contained in 31 CFR part
501 (the ‘‘Reporting, Procedures and
Penalties Regulations’’). Pursuant to the
Paperwork Reduction Act of 1995 (44
U.S.C. 3507), those collections of
information have been approved by the
Office of Management and Budget
(OMB) under control number 1505–
0164. The collection of information in
31 CFR 561.504(b) has been approved
by OMB under control number 1505–
0243. An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid control number.
List of Subjects in 31 CFR Parts 510,
525, 536, 539, 541, 542, 544, 546, 547,
548, 549, 551, 552, 555, 558, 560, 561,
562, 569, 576, 579, 582, 583, 584, 585,
591, 594, 596, 597, and 598
Administrative practice and
procedure, Banks, Banking, Blocking of
assets, Credit, Foreign trade, Penalties,
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
Reporting and recordkeeping
requirements, Sanctions, Securities,
Services.
For the reasons set forth in the
preamble, OFAC amends 31 CFR
chapter V as follows:
PART 510—NORTH KOREA
SANCTIONS REGULATIONS
1. The authority citation for part 510
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C.
287c, 9201–9255; Pub. L. 101–410, 104 Stat.
890, as amended (28 U.S.C. 2461 note); Pub.
L. 115–44, 131 Stat. 886 (codified in scattered
sections of 22 U.S.C.); E.O. 13466, 73 FR
36787, 3 CFR, 2008 Comp., p. 195; E.O.
13551, 75 FR 53837, 3 CFR, 2010 Comp., p.
242; E.O. 13570, 76 FR 22291, 3 CFR, 2011
Comp., p. 233; E.O. 13687, 80 FR 819, 3 CFR,
2015 Comp., p. 259; E.O. 13722, 81 FR 14943,
3 CFR, 2016 Comp., p. 446; E.O. 13810, 82
FR 44705, 3 CFR, 2017 Comp., p. 379.
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
Note 1 to § 510.514. Section 510.213(e)
exempts transactions for the conduct of the
official business of the United Nations by
employees, grantees, or contractors thereof to
the extent such transactions are subject to the
prohibitions contained in §§ 510.201(a)(1),
(a)(3)(iv) through (vi), and (d), 510.206, and
510.208 through 510.211.
Subpart B—Prohibitions
§ 510.213
[Amended]
2. In § 510.213, in paragraph (e)
introductory text, remove the word
‘‘Federal’’ and add in its place ‘‘United
States’’ and remove note 3 to paragraph
(e).
■
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
3. Revise § 510.513 to read as follows:
§ 510.513 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
Note 1 to § 510.513. Section 510.213(e)
exempts transactions for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof to the extent such
transactions are subject to the prohibitions
contained in §§ 510.201(a)(1), (a)(3)(iv)
through (vi), and (d), 510.206, and 510.208
through 510.211.
■
4. Revise § 510.514 to read as follows:
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§ 510.514 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
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Note 2 to § 510.514. Separate authorization
from the Department of Commerce may be
required for the export or reexport of items
related to such transactions, if the items are
subject to the Export Administration
Regulations, 15 CFR parts 730 through 774.
PART 525—BURMA SANCTIONS
REGULATIONS
5. The authority citation for part 525
continues to read as follows:
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administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
(e) International Development Law
Organization (IDLO);
(f) The Association of Southeast Asian
Nations (ASEAN);
(g) The Colombo Plan;
(h) The Consultative Group on
International Agricultural Research
(CGIAR) System Organization and the
International Agricultural Research
Centers supported by the CGIAR;
(i) The Extractive Industries
Transparency Initiative (EITI); and
(j) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 536—NARCOTICS TRAFFICKING
SANCTION REGULATIONS
7. The authority citation for part 536
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 12978, 60 FR 54579,
3 CFR, 1995 Comp., p. 415; E.O. 13286, 68
FR 10619, 3 CFR, 2003 Comp., p. 166.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 14014, 86 FR 9429,
February 12, 2021.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
6. Add § 525.510 to read as follows:
§ 525.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
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■
8. Add § 536.512 to read as follows:
§ 536.512 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 9. Add § 536.513 to read as follows:
§ 536.513 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
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(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 539—WEAPONS OF MASS
DESTRUCTION TRADE CONTROL
REGULATIONS
10. The authority citation for part 539
continues to read as follows:
■
Authority: 3 U.S.C. 301; 22 U.S.C. 2751–
2799aa–2; 31 U.S.C. 321(b); 50 U.S.C. 1601–
1651, 1701–1706; Pub. L. 101–410, 104 Stat.
890, as amended (28 U.S.C. 2461 note); E.O.
12938; 59 FR 59099; 3 CFR, 1994 Comp., p.
950; E.O. 13094; 63 FR 40803; 3 CFR, 1998
Comp., p. 200; E.O. 13382; 70 FR 38567, 3
CFR, 2005 Comp. p. 170.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
[Amended]
14. In § 541.301, designate Note to
§ 541.301 as Note 1 to § 541.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
Subpart D—Interpretations
§ 539.505 Official business of certain
international organizations and entities.
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Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13288, 68 FR 11457,
3 CFR, 2003 Comp., p. 186; E.O. 13391, 70
FR 71201, 3 CFR, 2005 Comp., p. 206; E.O.
13469, 73 FR 43841, 3 CFR, 2008 Comp., p.
1025.
■
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 12. Add § 539.505 to read as follows:
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
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13. The authority citation for part 541
continues to read as follows:
■
§ 541.301
§ 539.504 Official business of the United
States Government.
21:48 Dec 20, 2022
PART 541—ZIMBABWE SANCTIONS
REGULATIONS
Subpart C—General Definitions
11. Revise § 539.504 to read as
follows:
■
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the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
15. Revise § 541.411 to read as
follows:
■
§ 541.411 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 541.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
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§ 541.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
16. Add § 541.510 to read as follows:
§ 541.510 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 17. Add § 541.511 to read as follows:
§ 541.511 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 542—SYRIAN SANCTIONS
REGULATIONS
18. The authority citation continues to
read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
18 U.S.C. 2332d; 22 U.S.C. 287c; 50 U.S.C.
1601–1651, 1701–1706; Pub. L. 101–410, 104
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Stat. 890, as amended (28 U.S.C. 2461 note);
Pub. L. 116–92, Div. F, Title LXXIV, 133 Stat.
2290 (22 U.S.C. 8791 note); E.O. 13338, 69 FR
26751, 3 CFR, 2004 Comp., p. 168; E.O.
13399, 71 FR 25059, 3 CFR, 2006 Comp., p.
218; E.O. 13460, 73 FR 8991, 3 CFR 2008
Comp., p. 181; E.O. 13572, 76 FR 24787, 3
CFR 2011 Comp., p. 236; E.O. 13573, 76 FR
29143, 3 CFR 2011 Comp., p. 241; E.O.
13582, 76 FR 52209, 3 CFR 2011 Comp., p.
264; E.O. 13606, 77 FR 24571, 3 CFR 2012
Comp., p. 243.
§ 542.522 Official business of the United
States Government.
Subpart B—Prohibitions
■
§ 542.211
[Amended]
19. In § 542.211, in paragraph (d)
introductory text, remove the word
‘‘Federal’’ and add in its place ‘‘United
States’’.
Subpart C—General Definitions
[Amended]
Subpart D—Interpretations
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(a) Persons whose property and
interests in property are blocked
pursuant to § 542.201 have an interest in
all property and interests in property of
an entity in which such persons directly
or indirectly own, whether individually
or in the aggregate, a 50 percent or
greater interest. The property and
interests in property of such an entity,
therefore, are blocked, and such an
entity is a person whose property and
interests in property are blocked
pursuant to § 542.201, regardless of
whether the name of the entity is
incorporated into OFAC’s Specially
Designated Nationals and Blocked
Persons List (SDN List).
(b) This section, which deals with the
consequences of ownership of entities,
in no way limits the definition of the
Government of Syria in § 542.305,
which includes within its definition
other persons whose property and
interests in property are blocked but
who are not on the SDN List.
22. Revise § 542.522 to read as
follows:
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[Amended]
24. In § 544.301, designate Note to
§ 544.301 as Note 1 to § 544.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
25. Revise § 544.411 to read as
follows:
■
§ 542.411 Entities owned by one or more
persons whose property and interests in
property are blocked.
■
§ 544.301
Subpart D—Interpretations
21. Revise § 542.411 to read as
follows:
■
21:48 Dec 20, 2022
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 12938, 59 FR 59099,
3 CFR, 1994 Comp., p. 950; E.O. 13094, 63
FR 40803, 3 CFR, 1998 Comp., p. 200; E.O.
13382, 70 FR 38567, 3 CFR, 2005 Comp., p.
170.
Subpart C—General Definitions
20. In § 542.301, designate Note to
§ 542.301 as Note 1 to § 542.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
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PART 544—WEAPONS OF MASS
DESTRUCTION PROLIFERATORS
SANCTIONS REGULATIONS
23. The authority citation for part 544
continues to read as follows:
■
§ 542.301
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
§ 544.411 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 544.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 544.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
26. Add § 544.510 to read as follows:
§ 544.510 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
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Government by employees, grantees, or
contractors thereof are authorized.
■ 27. Add § 544.511 to read as follows:
§ 544.511 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 546—DARFUR SANCTIONS
REGULATIONS
28. The authority citation for part 546
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C.
287c; Pub. L. 101–410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13067,
62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O.
13400, 71 FR 25483, 3 CFR, 2006 Comp., p.
220.
Subpart C—General Definitions
§ 546.302
[Amended]
29. In § 546.302, designate Note to
§ 546.302 as Note 1 to § 546.302 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
■
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
percent or more by one or more
persons’’.
Subpart D—Interpretations
30. Revise § 546.411 to read as
follows:
■
§ 546.411 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 546.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 546.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
§ 546.509 Official business of the United
States Government.
lotter on DSK11XQN23PROD with RULES2
§ 546.510 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
Jkt 259001
33. The authority citation for part 547
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C.
287c; Pub. L. 101–410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13413,
71 FR 64105, 3 CFR, 2006 Comp., p. 247; E.O.
13671, 79 FR 39949, 3 CFR, 2015 Comp., p.
280.
■
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 32. Add § 546.510 to read as follows:
21:48 Dec 20, 2022
PART 547—DEMOCRATIC REPUBLIC
OF THE CONGO SANCTIONS
REGULATIONS
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
31. Add § 546.509 to read as follows:
VerDate Sep<11>2014
(5) The Intergovernmental Authority
on Development (IGAD); and
(6) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
34. Add § 547.510 to read as follows:
§ 547.510 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 35. Add § 547.511 to read as follows:
§ 547.511 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
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Fmt 4701
Sfmt 4700
(e) The Extractive Industries
Transparency Initiative (EITI); and
(f) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 548—BELARUS SANCTIONS
REGULATIONS
36. The authority citation for part 548
is revised to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13405, 71 FR 35485,
3 CFR, 2006 Comp., p. 231.
Subpart C—General Definitions
§ 548.301
[Amended]
37. In § 548.301, designate Note to
§ 548.301 as Note 1 to § 548.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
Subpart D—Interpretations
38. Revise § 548.411 to read as
follows:
■
§ 548.411 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 548.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 548.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
39. Add § 548.509 to read as follows:
§ 548.509 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■
40. Add § 548.510 to read as follows:
E:\FR\FM\21DER2.SGM
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
§ 548.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 549—LEBANON SANCTIONS
REGULATIONS
41. The authority citation for part 549
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13441, 72 FR 43499,
3 CFR, 2008 Comp., p. 232.
Subpart C—General Definitions
§ 549.301
[Amended]
42. In § 549.301, designate Note to
§ 549.301 as Note 1 to § 549.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
Subpart D—Interpretations
43. Revise § 549.411 to read as
follows:
■
lotter on DSK11XQN23PROD with RULES2
§ 549.411 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 549.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
VerDate Sep<11>2014
21:48 Dec 20, 2022
Jkt 259001
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 549.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
44. Add § 549.509 to read as follows:
§ 549.509 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■
45. Add § 549.510 to read as follows:
§ 549.510 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
(5) The Arab Monetary Fund and the
Islamic Development Bank; and
(6) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
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Frm 00007
Fmt 4701
Sfmt 4700
78475
PART 551—SOMALIA SANCTIONS
REGULATIONS
46. The authority citation for part 551
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C.
287c; Pub. L. 101–410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13536,
75 FR 19869, 3 CFR, 2010 Comp., p. 203; E.O.
13620, 77 FR 43483, 3 CFR, 2012 Comp., p.
281.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
47. Revise § 551.511 to read as
follows:
■
§ 551.511 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
(e) Gavi, the Vaccine Alliance; and
(f) The Intergovernmental Authority
on Development (IGAD).
PART 552—YEMEN SANCTIONS
REGULATIONS
48. The authority citation continues to
read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13611, 77 FR 29533,
3 CFR, 2012 Comp., p. 260.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
§ 552.510
[Redesignated as § 552.511]
49. Redesignate § 552.510 as
§ 552.511.
■ 50. Add new § 552.510 to read as
follows:
■
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
§ 552.510 Official business of the United
States Government.
§ 555.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
51. Revise newly redesignated
§ 552.511 to read as follows:
■
§ 552.511 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Arab Monetary Fund and the
Islamic Development Bank; and
(f) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
52. The authority citation for part 555
is revised to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13882, 84 FR 37055,
3 CFR, 2019 Comp., p. 346.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
lotter on DSK11XQN23PROD with RULES2
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
54. Add § 555.510 to read as follows:
VerDate Sep<11>2014
21:48 Dec 20, 2022
Jkt 259001
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13664, 79 FR 19283,
3 CFR, 2014 Comp., p. 238.
Subpart C—General Definitions
§ 558.301
[Amended]
56. In § 558.301, designate Note to
§ 558.301 as Note 1 to § 558.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
Subpart D—Interpretations
57. Revise § 558.406 to read as
follows:
■
§ 558.406 Entities owned by one or more
persons whose property and interests in
property are blocked.
53. Add § 555.509 to read as follows:
§ 555.509 Official business of the United
States Government.
■
55. The authority citation for part 558
is revised to read as follows:
■
■
PART 555—MALI SANCTIONS
REGULATIONS
■
PART 558—SOUTH SUDAN
SANCTIONS REGULATIONS
Persons whose property and interests
in property are blocked pursuant to
§ 558.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
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Fmt 4701
Sfmt 4700
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 558.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
58. Add § 558.509 to read as follows:
§ 558.509 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■
59. Add § 558.510 to read as follows:
§ 558.510 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
(5) The Intergovernmental Authority
on Development (IGAD); and
(6) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
E:\FR\FM\21DER2.SGM
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
PART 560—IRANIAN TRANSACTIONS
AND SANCTIONS REGULATIONS
60. The authority citation for part 560
continues to read as follows:
■
Authority: 3 U.S.C. 301; 18 U.S.C. 2339B,
2332d; 22 U.S.C. 2349aa-9, 7201–7211, 8501–
8551, 8701–8795; 31 U.S.C. 321(b); 50 U.S.C.
1601–1651, 1701–1706; Pub. L. 101–410, 104
Stat. 890, as amended (28 U.S.C. 2461 note);
E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp.,
p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995
Comp., p. 332; E.O. 12959, 60 FR 24757, 3
CFR, 1995 Comp., p. 356; E.O. 13059, 62 FR
44531, 3 CFR, 1997 Comp., p. 217; E.O.
13599, 77 FR 6659, 3 CFR, 2012 Comp., p.
215; E.O. 13846, 83 FR 38939, 3 CFR, 2018
Comp., p. 854.
Subpart C—General Definitions
§ 560.322
[Amended]
61. In § 560.322, designate Note to
§ 560.322 as Note 1 to § 560.322 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
Subpart D—Interpretations
62. Revise § 560.425 to read as
follows:
■
§ 560.425 Entities owned by one or more
persons whose property and interests in
property are blocked.
(a) Persons whose property and
interests in property are blocked
pursuant to § 560.211 have an interest in
all property and interests in property of
an entity in which such persons directly
or indirectly own, whether individually
or in the aggregate, a 50 percent or
greater interest. The property and
interests in property of such an entity,
therefore, are blocked, and such an
entity is a person whose property and
interests in property are blocked
pursuant to § 560.211, regardless of
whether the entity itself is identified as
a person whose property and interests
in property are blocked pursuant to
§ 560.211.
(b) This section, which deals with the
consequences of ownership of entities,
in no way limits the definition of the
Government of Iran in § 560.304.
lotter on DSK11XQN23PROD with RULES2
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
63. Revise § 560.539 to read as
follows:
■
§ 560.539 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
VerDate Sep<11>2014
21:48 Dec 20, 2022
Jkt 259001
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
any transactions or activities involving
the Iranian Red Crescent Society.
■ 64. Add § 560.557 to read as follows:
§ 560.557 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
PART 561—IRANIAN FINANCIAL
SANCTIONS REGULATIONS
65. The authority citation for part 561
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C.
8501–8551, 8701–8795; Pub. L. 101–410, 104
Stat. 890, as amended (28 U.S.C. 2461 note);
E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp.,
p. 332; E.O. 13553, 75 FR 60567, 3 CFR, 2010
Comp., p. 253; E.O. 13599, 77 FR 6659, 3
CFR, 2012 Comp., p. 215; E.O. 13846, 83 FR
38939, 3 CFR, 2018 Comp., p. 854; E.O.
13871, 84 FR 20761, 3 CFR, 2019 Comp., p.
309.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
66. Add § 561.505 to read as follows:
§ 561.505 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
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78477
PART 562—IRANIAN SECTOR AND
HUMAN RIGHTS ABUSES SANCTIONS
REGULATIONS
67. The authority citation for part 562
is revised to read as follows:
■
Authority: 3 U.S.C. 301; 18 U.S.C. 2332d;
22 U.S.C. 8501–8551; 31 U.S.C. 321(b); 50
U.S.C. 1601–1651, 1701–1706; Pub. L. 101–
410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 12957, 60 FR 14615, 3 CFR,
1995 Comp., p. 332; E.O. 13553, 75 FR 60567,
3 CFR, 2010 Comp., p. 253; E.O. 13871, 84
FR 20761, 3 CFR, 2019 Comp., p. 308.
Subpart C—General Definitions
§ 562.301
[Amended]
68. In § 562.301, designate Note to
§ 562.301 as Note 1 to § 562.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
Subpart D—Interpretations
69. Revise § 562.406 to read as
follows:
■
§ 562.406 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 562.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 562.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
70. Add § 562.508 to read as follows:
§ 562.508 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 71. Add § 562.509 to read as follows:
§ 562.509 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
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by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies;
(5) The Arab Monetary Fund and the
Islamic Development Bank; and
(6) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 569—SYRIA–RELATED
SANCTIONS REGULATIONS
PART 576—IRAQ STABILIZATION AND
INSURGENCY SANCTIONS
REGULATIONS
72. The authority citation for part 569
is revised to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13894, 84 FR 55851,
3 CFR, 2019 Comp., p. 382.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
73. Add § 569.509 to read as follows:
§ 569.509 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 74. Add § 569.510 to read as follows:
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§ 569.510 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
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75. The authority citation for part 576
continues to read as follows:
■
Authority: 3 U.S.C. 301; 22 U.S.C. 287c;
31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–
1706; Pub. L. 101–410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13303,
68 FR 31931, 3 CFR, 2003 Comp., p. 227; E.O.
13315, 68 FR 52315, 3 CFR, 2003 Comp., p.
252; E.O. 13350, 69 FR 46055, 3 CFR, 2004
Comp., p. 196; E.O. 13364, 69 FR 70177, 3
CFR, 2004 Comp., p. 236; E.O. 13438, 72 FR
39719, 3 CFR, 2007 Comp., p. 224; E.O.
13668, 79 FR 31019, 3 CFR, 2014 Comp., p.
248.
Subpart C—General Definitions
§ 576.301
[Amended]
76. In § 576.301, designate Note to
§ 576.301 as Note 1 to § 576 and remove
the text ‘‘50 percent or more owned by
a person’’ and add in its place ‘‘directly
or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
Subpart D—Interpretations
77. Revise § 576.412 to read as
follows:
■
§ 576.412 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 576.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
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in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 576.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
78. Add § 576.513 to read as follows:
§ 576.513 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■
79. Add § 576.514 to read as follows:
§ 576.514 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 579—FOREIGN INTERFERENCE
IN U.S. ELECTIONS SANCTIONS
REGULATIONS
80. The authority citation for part 579
is revised to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); E.O. 13848, 83 FR 46843,
3 CFR, 2018 Comp., p. 869.
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Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
81. Add § 579.509 to read as follows:
§ 579.509 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 82. Add § 579.510 to read as follows:
§ 579.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 582—NICARAGUA SANCTIONS
REGULATIONS
83. The authority citation for part 582
is revised to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); Pub. L. 115–335, 132 Stat.
5019 (50 U.S.C. 1701 note); E.O. 13851, 83 FR
61505, 3 CFR, 2018 Comp., p. 884.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
§ 582.509
[Amended]
84. In § 582.509, add a period to the
end of the section heading.
■ 85. Add § 582.510 to read as follows:
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■
§ 582.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
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21:48 Dec 20, 2022
Jkt 259001
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 583—GLOBAL MAGNITSKY
SANCTIONS REGULATIONS
86. The authority citation for part 583
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); Pub. L. 114–328, Div. A,
Title XII, Subt. F, 130 Stat. 2533 (22 U.S.C.
2656 note); E.O. 13818, 82 FR 60839, 3 CFR,
2017 Comp., p. 399.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
87. Add § 583.509 to read as follows:
§ 583.509 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 88. Add § 583.510 to read as follows:
§ 583.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
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78479
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 584—MAGNITSKY ACT
SANCTIONS REGULATIONS
89. The authority citation for part 584
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); Pub. L. 112–208, Title IV,
126 Stat. 1502 (22 U.S.C. 5811 note).
Subpart D—Interpretations
§ 584.410
[Amended]
90. In § 584.410, remove the text
‘‘§ 584.201(a)’’ and add in its place
‘‘§ 584.201’’ in both instances where it
appears, and remove the text ‘‘in which
such blocked’’ and add in its place ‘‘of
an entity in which such’’.
■
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
91. Add § 584.510 to read as follows:
§ 584.510 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 92. Add § 584.511 to read as follows:
§ 584.511 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
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administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 585—HONG KONG-RELATED
SANCTIONS REGULATIONS
93. The authority citation for part 585
continues to read as follows:
■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890 (28 U.S.C. 2461 note);
E.O. 13936, 85 FR 43413, July 17, 2020.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
94. Add § 585.510 to read as follows:
§ 585.510 Official business of certain
international organizations and entities.
All transactions prohibited by this
part that are for the conduct of the
official business of the following entities
by employees, grantees, or contractors
thereof are authorized:
(a) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(b) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(c) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(d) The International Committee of
the Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(e) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
PART 591—VENEZUELA SANCTIONS
REGULATIONS
95. The authority citation for part 591
is revised to read as follows:
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■
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b);
50 U.S.C. 1601–1651, 1701–1706; Pub. L.
101–410, 104 Stat. 890, as amended (28
U.S.C. 2461 note); Pub. L. 113–278, 128 Stat.
3011 (50 U.S.C. 1701 note); E.O. 13692, 80 FR
12747, 3 CFR, 2015 Comp., p. 276; E.O.
13808, 82 FR 41155, 3 CFR, 2017 Comp., p.
377; E.O. 13827, 83 FR 12469, 3 CFR, 2018
Comp., p. 794; E.O. 13835, 83 FR 24001, 3
CFR, 2018 Comp., p. 817; E.O. 13850, 83 FR
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Jkt 259001
55243, 3 CFR, 2018 Comp., p. 881; E.O.
13857, 84 FR 509, 3 CFR, 2019 Comp., p 251;
E.O. 13884, 84 FR 38843, 3 CFR, 2019 Comp.,
p. 351.
Subpart C—General Definitions
§ 591.301
[Amended]
96. In § 591.301, designate Note to
§ 591.301 as Note 1 to § 591.301 and
remove the text ‘‘50 percent or more
owned by a person’’ and add in its place
‘‘directly or indirectly owned, whether
individually or in the aggregate, 50
percent or more by one or more
persons’’.
■
Subpart D—Interpretations
97. Revise § 591.406 to read as
follows:
■
§ 591.406 Entities owned by one or more
persons whose property and interests in
property are blocked.
(a) Persons whose property and
interests in property are blocked
pursuant to § 591.201 have an interest in
all property and interests in property of
an entity in which such persons directly
or indirectly own, whether individually
or in the aggregate, a 50 percent or
greater interest. The property and
interests in property of such an entity,
therefore, are blocked, and such an
entity is a person whose property and
interests in property are blocked
pursuant to § 591.201, regardless of
whether the name of the entity is
incorporated into OFAC’s Specially
Designated Nationals and Blocked
Persons List (SDN List).
(b) This section, which deals with the
consequences of ownership of entities,
in no way limits the definition of the
Government of Venezuela in E.O. 13884,
which includes within its definition
other persons whose property and
interests in property are blocked but
who are not on the SDN List.
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
98. Add § 591.510 to read as follows:
§ 591.510 Official business of certain
international organizations and entities.
All transactions prohibited by
Executive Order (E.O.) 13850, as
amended by E.O. 13857 of January 25,
2019, involving Banco Central de
Venezuela, or E.O. 13884 involving the
Government of Venezuela, that are for
the conduct of the official business of
the following entities by employees,
grantees, or contractors thereof are
authorized:
(a) Corporacio´n Andina de Fomento
(CAF)
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(b) Fondo Latinoamericano de
Reservas
(c) Inter-American Development Bank
(d) International Committee of the
Red Cross
(e) International Federation of the Red
Cross and Red Crescent Societies
(f) Organization of American States,
and its specialized organizations, other
autonomous and decentralized organs,
agencies, entities, and dependencies
(g) The World Bank Group (also
referred to as the World Bank),
including the International Bank for
Reconstruction and Development
(IBRD), International Development
Association (IDA), International Finance
Corporation (IFC), Multilateral
Investment Guarantee Agency (MIGA),
and International Centre for Settlement
of Investment Disputes (ICSID)
(h) United Nations, including its
Programmes and Funds, and its
Specialized Agencies and Related
Organizations, including those entities
specifically listed separately below:
(1) IMF (International Monetary Fund)
(2) FAO (UN Food and Agriculture
Organization)
(3) IOM (International Organization
for Migration)
(4) OCHA (UN Office for the
Coordination of Humanitarian Affairs)
(5) OHCHR (UN Office of the United
Nations High Commissioner for Human
Rights)
(6) UN Habitat
(7) UNDP (UN Development Program)
(8) UNFPA (UN Population Fund)
(9) UNHCR (Office of the UN High
Commissioner for Refugees)
(10) UNICEF (UN Children’s Fund)
(11) WFP (World Food Program)
(12) The World Health Organization
(WHO), including the Pan-American
Health Organization (PAHO)
PART 594—GLOBAL TERRORISM
SANCTIONS REGULATIONS
99. The authority citation for part 594
continues to read as follows:
■
Authority: 3 U.S.C. 301; 22 U.S.C. 287c;
31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–
1706; Pub. L. 101–410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); Pub. L. 115–
44, 131 Stat 886 (codified in scattered
sections of 22 U.S.C.); Pub. L. 115–348, 132
Stat. 5055 (50 U.S.C. 1701 note); Pub. L. 114–
102, 129 Stat. 2205, as amended (50 U.S.C.
1701 note); E.O. 13224, 66 FR 49079, 3 CFR,
2001 Comp., p. 786; E.O. 13268, 67 FR 44751,
3 CFR 2002 Comp., p. 240; E.O. 13284, 68 FR
4075, 3 CFR, 2003 Comp., p. 161; E.O. 13372,
70 FR 8499, 3 CFR, 2006 Comp., p. 159.
Subpart C—General Definitions
100. Amend § 594.301 by adding note
1 to § 594.301 to read as follows:
■
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§ 594.301
property.
*
*
Blocked account; blocked
*
*
*
Note 1 to § 594.301. See § 594.412
concerning the blocked status of property
and interests in property of an entity that is
directly or indirectly owned, whether
individually or in the aggregate, 50 percent
or more by one or more persons whose
property and interests in property are
blocked pursuant to § 594.201.
Subpart D—Interpretations
101. Revise § 594.412 to read as
follows:
■
§ 594.412 Entities owned by one or more
persons whose property and interests in
property are blocked.
Persons whose property and interests
in property are blocked pursuant to
§ 594.201 have an interest in all
property and interests in property of an
entity in which such persons directly or
indirectly own, whether individually or
in the aggregate, a 50 percent or greater
interest. The property and interests in
property of such an entity, therefore, are
blocked, and such an entity is a person
whose property and interests in
property are blocked pursuant to
§ 594.201, regardless of whether the
name of the entity is incorporated into
OFAC’s Specially Designated Nationals
and Blocked Persons List (SDN List).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
§ 594.510
[Amended]
102. Amend § 594.510 as follows:
a. In the section heading;, remove the
text ‘‘Official activities of certain
international organizations;’’;
■ b. Remove paragraphs (a) and (c); and
■ c. Remove the paragraph designation
of paragraph (b).
■ 103. Add § 594.518 to read as follows:
■
■
§ 594.518 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 104. Add § 594.519 to read as follows:
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§ 594.519 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
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21:48 Dec 20, 2022
Jkt 259001
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing; and
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 596—TERRORISM LIST
GOVERNMENTS SANCTIONS
REGULATIONS
78481
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 597—FOREIGN TERRORIST
ORGANIZATIONS SANCTIONS
REGULATIONS
108. The authority citation for part
597 continues to read as follows:
■
■
105. The authority citation for part
596 continues to read as follows:
Authority: 8 U.S.C. 1189; 18 U.S.C. 2339B;
31 U.S.C. 321(b); Pub. L. 101–410, 104 Stat.
890, as amended (28 U.S.C. 2461 note).
Authority: 18 U.S.C. 2332d; 22 U.S.C.
7201–7211; 31 U.S.C. 321(b).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
■
106. Add § 596.507 to read as follows:
§ 596.507 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 107. Add § 596.508 to read as follows:
§ 596.508 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
PO 00000
Frm 00013
Fmt 4701
Sfmt 4700
109. Add § 597.514 to read as follows:
§ 597.514 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 110. Add § 597.515 to read as follows:
§ 597.515 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
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Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 / Rules and Regulations
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing; and
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
PART 598—FOREIGN NARCOTICS
KINGPIN SANCTIONS REGULATIONS
111. The authority citation for part
598 continues to read as follows:
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■
VerDate Sep<11>2014
21:48 Dec 20, 2022
Jkt 259001
Authority: 3 U.S.C. 301; 21 U.S.C. 1901–
1908; 31 U.S.C. 321(b); Pub. L. 101–410, 104
Stat. 890, as amended (28 U.S.C. 2461 note).
Subpart E—Licenses, Authorizations,
and Statements of Licensing Policy
■
112. Add § 598.513 to read as follows:
§ 598.513 Official business of the United
States Government.
All transactions prohibited by this
part that are for the conduct of the
official business of the United States
Government by employees, grantees, or
contractors thereof are authorized.
■ 113. Add § 598.514 to read as follows:
§ 598.514 Official business of certain
international organizations and entities.
(a) Except as provided in paragraph
(b) of this section, all transactions
prohibited by this part that are for the
conduct of the official business of the
following entities by employees,
grantees, or contractors thereof are
authorized:
(1) The United Nations, including its
Programmes, Funds, and Other Entities
and Bodies, as well as its Specialized
Agencies and Related Organizations;
(2) The International Centre for
Settlement of Investment Disputes
PO 00000
Frm 00014
Fmt 4701
Sfmt 9990
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(3) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing;
(4) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies; and
(5) The Global Fund to Fight AIDS,
Tuberculosis, and Malaria, and Gavi, the
Vaccine Alliance.
(b) This section does not authorize
funds transfers initiated or processed
with knowledge or reason to know that
the intended beneficiary of such
transfers is a person blocked pursuant to
this part, other than for the purpose of
effecting the payment of taxes, fees, or
import duties, or the purchase or receipt
of permits, licenses, or public utility
services.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022–27564 Filed 12–20–22; 8:45 am]
BILLING CODE 4810–AL–P
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]]>Agencies
[Federal Register Volume 87, Number 244 (Wednesday, December 21, 2022)]
[Rules and Regulations]
[Pages 78470-78482]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27564]
[[Page 78469]]
Vol. 87
Wednesday,
No. 244
December 21, 2022
Part VI
Department of the Treasury
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Office of Foreign Assets Control
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31 Parts 510, 525, et al.
Addition of General Licenses for the Official Business of the United
States Government and Certain International Organizations and Entities
and Updates to the 50 Percent Rule Interpretive in OFAC Sanctions
Regulations; Final Rule
Federal Register / Vol. 87, No. 244 / Wednesday, December 21, 2022 /
Rules and Regulations
[[Page 78470]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 510, 525, 536, 539, 541, 542, 544, 546, 547, 548, 549,
551, 552, 555, 558, 560, 561, 562, 569, 576, 579, 582, 583, 584,
585, 591, 594, 596, 597, and 598
Addition of General Licenses for the Official Business of the
United States Government and Certain International Organizations and
Entities and Updates to the 50 Percent Rule Interpretive in OFAC
Sanctions Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is amending its regulations in multiple sanctions
programs to add, amend, or update general licenses authorizing official
business of the United States government and official business of
certain international organizations and entities, and update an
interpretation explaining that the property and interests in property
of an entity are blocked if one or more blocked persons own, whether
individually or in the aggregate, directly or indirectly, a 50 percent
or greater interest in the entity. Additionally, OFAC is updating the
authority citation of several CFR parts to consolidate or shorten
citations to conform to Federal Register requirements.
DATES: This rule is effective December 21, 2022.
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
OFAC, in consultation with the Department of State, is amending
regulations in multiple OFAC-administered sanctions programs to
generally official business of the United States government, as well as
official business of certain international organizations and entities,
in multiple sanctions programs OFAC administers. Specifically, OFAC is
amending regulations to add a general license authorizing official
business of the United States government to the following parts of 31
CFR: 536, 539, 541, 544, 546, 547, 548, 549, 552, 555, 558, 560, 561,
562, 569, 576, 579, 583, 584, 594, 596, 597, and 598. Additionally,
OFAC is updating the existing general licenses authorizing official
business of the United States government in 31 CFR 510.513 and 542.522,
as well as corresponding text in 31 CFR 510.213 and 542.211 to conform
to current standards for OFAC general licenses.
OFAC is also adding a general license authorizing official business
of certain international organizations and entities to the following
parts of 31 CFR: 536, 539, 541, 544, 546, 547, 548, 549, 555, 558, 561,
562, 569, 576, 579, 582, 583, 584, 585, 594, 596, 597, and 598. OFAC is
also adding this general license to 31 CFR parts 525 and 591,
incorporating into 31 CFR part 525 the existing Burma General License
No. 2, which was previously issued on OFAC's website on March 25, 2021,
and incorporating into 31 CFR part 591 the existing Venezuela General
License No. 20B, which was previously issued on OFAC's website on
January 21, 2020. OFAC is also adding this general license to 31 CFR
parts 594 and 597, incorporating and expanding into both parts the
authorization found in Counter Terrorism General License No. 1, which
was previously issued on OFAC's website on April 12, 2006. The
aforementioned web general licenses in parts 525, 591, 594, and 597
will be removed from OFAC's website upon final issuance of this rule.
Finally, OFAC is updating the existing general license authorizing
activities of certain international organizations in 31 CFR parts 510,
551, 552, and 560 to conform to current standards for OFAC general
licenses. Based on the foreign policy considerations of each sanctions
program, the general licenses may list different sets of international
organizations across different programs, and some general licenses
exclude funds transfers made with knowledge or reason to know they are
intended for blocked persons, unless certain criteria are met.
OFAC is also updating an interpretation in several regulations to
explain that the property and interests in property of an entity are
blocked if one or more blocked persons own, whether individually or in
the aggregate, directly or indirectly, a 50 percent or greater interest
in the entity, whether or not the entity itself is incorporated into
OFAC's Specially Designated Nationals and Blocked Persons List (SDN
List). This interpretation conforms with current OFAC guidance. The
regulatory sections being updated with this interpretation are:
Sec. Sec. 541.411, 542.411, 544.411, 546.411, 548.411, 549.411,
558.406, 560.425, 562.406, 576.412, 584.410, 591.406, and 594.412. In
addition, relevant cross-references in the notes to the following
sections are also being updated: Sec. Sec. 541.301, 542.301, 544.301,
546.302, 548.301, 549.301, 558.301, 560.322, 562.301, 576.301, and
591.301.
Finally, OFAC is updating the authority citations of 31 CFR parts
555, 558, 562, 569, 579, 582, and 591 to consolidate or shorten
citations to conform to Federal Register requirements or make other
technical updates.
Public Participation
Because the regulations being amended involve a foreign affairs
function, the provisions of Executive Order (E.O.) 12866 of September
30, 1993, ``Regulatory Planning and Review'' (58 FR 51735, October 4,
1993), and the Administrative Procedure Act (5 U.S.C. 553) requiring
notice of proposed rulemaking, opportunity for public participation,
and delay in effective date, are inapplicable. Because no notice of
proposed rulemaking is required for this rule, the Regulatory
Flexibility Act (5 U.S.C. 601-612) does not apply.
Paperwork Reduction Act
The collections of information related to 31 CFR parts 510, 525,
536, 539, 541, 542, 544, 546, 547, 548, 549, 551, 552, 555, 558, 560,
561, 562, 569, 576, 579, 582, 583, 584, 585, 591, 594, 596, 597, and
598 are contained in 31 CFR part 501 (the ``Reporting, Procedures and
Penalties Regulations''). Pursuant to the Paperwork Reduction Act of
1995 (44 U.S.C. 3507), those collections of information have been
approved by the Office of Management and Budget (OMB) under control
number 1505-0164. The collection of information in 31 CFR 561.504(b)
has been approved by OMB under control number 1505-0243. An agency may
not conduct or sponsor, and a person is not required to respond to, a
collection of information unless the collection of information displays
a valid control number.
List of Subjects in 31 CFR Parts 510, 525, 536, 539, 541, 542, 544,
546, 547, 548, 549, 551, 552, 555, 558, 560, 561, 562, 569, 576,
579, 582, 583, 584, 585, 591, 594, 596, 597, and 598
Administrative practice and procedure, Banks, Banking, Blocking of
assets, Credit, Foreign trade, Penalties,
[[Page 78471]]
Reporting and recordkeeping requirements, Sanctions, Securities,
Services.
For the reasons set forth in the preamble, OFAC amends 31 CFR
chapter V as follows:
PART 510--NORTH KOREA SANCTIONS REGULATIONS
0
1. The authority citation for part 510 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c, 9201-9255; Pub. L. 101-410, 104 Stat.
890, as amended (28 U.S.C. 2461 note); Pub. L. 115-44, 131 Stat. 886
(codified in scattered sections of 22 U.S.C.); E.O. 13466, 73 FR
36787, 3 CFR, 2008 Comp., p. 195; E.O. 13551, 75 FR 53837, 3 CFR,
2010 Comp., p. 242; E.O. 13570, 76 FR 22291, 3 CFR, 2011 Comp., p.
233; E.O. 13687, 80 FR 819, 3 CFR, 2015 Comp., p. 259; E.O. 13722,
81 FR 14943, 3 CFR, 2016 Comp., p. 446; E.O. 13810, 82 FR 44705, 3
CFR, 2017 Comp., p. 379.
Subpart B--Prohibitions
Sec. 510.213 [Amended]
0
2. In Sec. 510.213, in paragraph (e) introductory text, remove the
word ``Federal'' and add in its place ``United States'' and remove note
3 to paragraph (e).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
3. Revise Sec. 510.513 to read as follows:
Sec. 510.513 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
Note 1 to Sec. 510.513. Section 510.213(e) exempts transactions
for the conduct of the official business of the United States
Government by employees, grantees, or contractors thereof to the
extent such transactions are subject to the prohibitions contained
in Sec. Sec. 510.201(a)(1), (a)(3)(iv) through (vi), and (d),
510.206, and 510.208 through 510.211.
0
4. Revise Sec. 510.514 to read as follows:
Sec. 510.514 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
Note 1 to Sec. 510.514. Section 510.213(e) exempts transactions
for the conduct of the official business of the United Nations by
employees, grantees, or contractors thereof to the extent such
transactions are subject to the prohibitions contained in Sec. Sec.
510.201(a)(1), (a)(3)(iv) through (vi), and (d), 510.206, and
510.208 through 510.211.
Note 2 to Sec. 510.514. Separate authorization from the
Department of Commerce may be required for the export or reexport of
items related to such transactions, if the items are subject to the
Export Administration Regulations, 15 CFR parts 730 through 774.
PART 525--BURMA SANCTIONS REGULATIONS
0
5. The authority citation for part 525 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 14014, 86 FR 9429, February 12, 2021.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
6. Add Sec. 525.510 to read as follows:
Sec. 525.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(e) International Development Law Organization (IDLO);
(f) The Association of Southeast Asian Nations (ASEAN);
(g) The Colombo Plan;
(h) The Consultative Group on International Agricultural Research
(CGIAR) System Organization and the International Agricultural Research
Centers supported by the CGIAR;
(i) The Extractive Industries Transparency Initiative (EITI); and
(j) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 536--NARCOTICS TRAFFICKING SANCTION REGULATIONS
0
7. The authority citation for part 536 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 12978, 60 FR 54579, 3 CFR, 1995 Comp., p. 415; E.O.
13286, 68 FR 10619, 3 CFR, 2003 Comp., p. 166.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
8. Add Sec. 536.512 to read as follows:
Sec. 536.512 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
9. Add Sec. 536.513 to read as follows:
Sec. 536.513 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group
[[Page 78472]]
(IDB Group), including any fund entity administered or established by
any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS
0
10. The authority citation for part 539 continues to read as follows:
Authority: 3 U.S.C. 301; 22 U.S.C. 2751-2799aa-2; 31 U.S.C.
321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat.
890, as amended (28 U.S.C. 2461 note); E.O. 12938; 59 FR 59099; 3
CFR, 1994 Comp., p. 950; E.O. 13094; 63 FR 40803; 3 CFR, 1998 Comp.,
p. 200; E.O. 13382; 70 FR 38567, 3 CFR, 2005 Comp. p. 170.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
11. Revise Sec. 539.504 to read as follows:
Sec. 539.504 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
12. Add Sec. 539.505 to read as follows:
Sec. 539.505 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 541--ZIMBABWE SANCTIONS REGULATIONS
0
13. The authority citation for part 541 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13288, 68 FR 11457, 3 CFR, 2003 Comp., p. 186; E.O.
13391, 70 FR 71201, 3 CFR, 2005 Comp., p. 206; E.O. 13469, 73 FR
43841, 3 CFR, 2008 Comp., p. 1025.
Subpart C--General Definitions
Sec. 541.301 [Amended]
0
14. In Sec. 541.301, designate Note to Sec. 541.301 as Note 1 to
Sec. 541.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
15. Revise Sec. 541.411 to read as follows:
Sec. 541.411 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 541.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
541.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
16. Add Sec. 541.510 to read as follows:
Sec. 541.510 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
17. Add Sec. 541.511 to read as follows:
Sec. 541.511 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 542--SYRIAN SANCTIONS REGULATIONS
0
18. The authority citation continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2332d; 22
U.S.C. 287c; 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104
[[Page 78473]]
Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 116-92, Div. F,
Title LXXIV, 133 Stat. 2290 (22 U.S.C. 8791 note); E.O. 13338, 69 FR
26751, 3 CFR, 2004 Comp., p. 168; E.O. 13399, 71 FR 25059, 3 CFR,
2006 Comp., p. 218; E.O. 13460, 73 FR 8991, 3 CFR 2008 Comp., p.
181; E.O. 13572, 76 FR 24787, 3 CFR 2011 Comp., p. 236; E.O. 13573,
76 FR 29143, 3 CFR 2011 Comp., p. 241; E.O. 13582, 76 FR 52209, 3
CFR 2011 Comp., p. 264; E.O. 13606, 77 FR 24571, 3 CFR 2012 Comp.,
p. 243.
Subpart B--Prohibitions
Sec. 542.211 [Amended]
0
19. In Sec. 542.211, in paragraph (d) introductory text, remove the
word ``Federal'' and add in its place ``United States''.
Subpart C--General Definitions
Sec. 542.301 [Amended]
0
20. In Sec. 542.301, designate Note to Sec. 542.301 as Note 1 to
Sec. 542.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
21. Revise Sec. 542.411 to read as follows:
Sec. 542.411 Entities owned by one or more persons whose property and
interests in property are blocked.
(a) Persons whose property and interests in property are blocked
pursuant to Sec. 542.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
542.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
(b) This section, which deals with the consequences of ownership of
entities, in no way limits the definition of the Government of Syria in
Sec. 542.305, which includes within its definition other persons whose
property and interests in property are blocked but who are not on the
SDN List.
0
22. Revise Sec. 542.522 to read as follows:
Sec. 542.522 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
PART 544--WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS
REGULATIONS
0
23. The authority citation for part 544 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 12938, 59 FR 59099, 3 CFR, 1994 Comp., p. 950; E.O.
13094, 63 FR 40803, 3 CFR, 1998 Comp., p. 200; E.O. 13382, 70 FR
38567, 3 CFR, 2005 Comp., p. 170.
Subpart C--General Definitions
Sec. 544.301 [Amended]
0
24. In Sec. 544.301, designate Note to Sec. 544.301 as Note 1 to
Sec. 544.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
25. Revise Sec. 544.411 to read as follows:
Sec. 544.411 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 544.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
544.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
26. Add Sec. 544.510 to read as follows:
Sec. 544.510 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
27. Add Sec. 544.511 to read as follows:
Sec. 544.511 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 546--DARFUR SANCTIONS REGULATIONS
0
28. The authority citation for part 546 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13067, 62 FR 59989, 3 CFR, 1997
Comp., p. 230; E.O. 13400, 71 FR 25483, 3 CFR, 2006 Comp., p. 220.
Subpart C--General Definitions
Sec. 546.302 [Amended]
0
29. In Sec. 546.302, designate Note to Sec. 546.302 as Note 1 to
Sec. 546.302 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50
[[Page 78474]]
percent or more by one or more persons''.
Subpart D--Interpretations
0
30. Revise Sec. 546.411 to read as follows:
Sec. 546.411 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 546.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
546.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
31. Add Sec. 546.509 to read as follows:
Sec. 546.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
32. Add Sec. 546.510 to read as follows:
Sec. 546.510 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(5) The Intergovernmental Authority on Development (IGAD); and
(6) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 547--DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS
0
33. The authority citation for part 547 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13413, 71 FR 64105, 3 CFR, 2006
Comp., p. 247; E.O. 13671, 79 FR 39949, 3 CFR, 2015 Comp., p. 280.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
34. Add Sec. 547.510 to read as follows:
Sec. 547.510 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
35. Add Sec. 547.511 to read as follows:
Sec. 547.511 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(e) The Extractive Industries Transparency Initiative (EITI); and
(f) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 548--BELARUS SANCTIONS REGULATIONS
0
36. The authority citation for part 548 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13405, 71 FR 35485, 3 CFR, 2006 Comp., p. 231.
Subpart C--General Definitions
Sec. 548.301 [Amended]
0
37. In Sec. 548.301, designate Note to Sec. 548.301 as Note 1 to
Sec. 548.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
38. Revise Sec. 548.411 to read as follows:
Sec. 548.411 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 548.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
548.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
39. Add Sec. 548.509 to read as follows:
Sec. 548.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
40. Add Sec. 548.510 to read as follows:
[[Page 78475]]
Sec. 548.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 549--LEBANON SANCTIONS REGULATIONS
0
41. The authority citation for part 549 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13441, 72 FR 43499, 3 CFR, 2008 Comp., p. 232.
Subpart C--General Definitions
Sec. 549.301 [Amended]
0
42. In Sec. 549.301, designate Note to Sec. 549.301 as Note 1 to
Sec. 549.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
43. Revise Sec. 549.411 to read as follows:
Sec. 549.411 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 549.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
549.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
44. Add Sec. 549.509 to read as follows:
Sec. 549.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
45. Add Sec. 549.510 to read as follows:
Sec. 549.510 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(5) The Arab Monetary Fund and the Islamic Development Bank; and
(6) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 551--SOMALIA SANCTIONS REGULATIONS
0
46. The authority citation for part 551 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13536, 75 FR 19869, 3 CFR, 2010
Comp., p. 203; E.O. 13620, 77 FR 43483, 3 CFR, 2012 Comp., p. 281.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
47. Revise Sec. 551.511 to read as follows:
Sec. 551.511 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(e) Gavi, the Vaccine Alliance; and
(f) The Intergovernmental Authority on Development (IGAD).
PART 552--YEMEN SANCTIONS REGULATIONS
0
48. The authority citation continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13611, 77 FR 29533, 3 CFR, 2012 Comp., p. 260.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
Sec. 552.510 [Redesignated as Sec. 552.511]
0
49. Redesignate Sec. 552.510 as Sec. 552.511.
0
50. Add new Sec. 552.510 to read as follows:
[[Page 78476]]
Sec. 552.510 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
51. Revise newly redesignated Sec. 552.511 to read as follows:
Sec. 552.511 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Arab Monetary Fund and the Islamic Development Bank; and
(f) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 555--MALI SANCTIONS REGULATIONS
0
52. The authority citation for part 555 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13882, 84 FR 37055, 3 CFR, 2019 Comp., p. 346.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
53. Add Sec. 555.509 to read as follows:
Sec. 555.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
54. Add Sec. 555.510 to read as follows:
Sec. 555.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 558--SOUTH SUDAN SANCTIONS REGULATIONS
0
55. The authority citation for part 558 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13664, 79 FR 19283, 3 CFR, 2014 Comp., p. 238.
Subpart C--General Definitions
Sec. 558.301 [Amended]
0
56. In Sec. 558.301, designate Note to Sec. 558.301 as Note 1 to
Sec. 558.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
57. Revise Sec. 558.406 to read as follows:
Sec. 558.406 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 558.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
558.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
58. Add Sec. 558.509 to read as follows:
Sec. 558.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
59. Add Sec. 558.510 to read as follows:
Sec. 558.510 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(5) The Intergovernmental Authority on Development (IGAD); and
(6) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
[[Page 78477]]
PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
0
60. The authority citation for part 560 continues to read as follows:
Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C.
2349aa-9, 7201-7211, 8501-8551, 8701-8795; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 12613, 52 FR 41940, 3 CFR, 1987
Comp., p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332;
E.O. 12959, 60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 62
FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 CFR,
2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p.
854.
Subpart C--General Definitions
Sec. 560.322 [Amended]
0
61. In Sec. 560.322, designate Note to Sec. 560.322 as Note 1 to
Sec. 560.322 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
62. Revise Sec. 560.425 to read as follows:
Sec. 560.425 Entities owned by one or more persons whose property and
interests in property are blocked.
(a) Persons whose property and interests in property are blocked
pursuant to Sec. 560.211 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
560.211, regardless of whether the entity itself is identified as a
person whose property and interests in property are blocked pursuant to
Sec. 560.211.
(b) This section, which deals with the consequences of ownership of
entities, in no way limits the definition of the Government of Iran in
Sec. 560.304.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
63. Revise Sec. 560.539 to read as follows:
Sec. 560.539 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize any transactions or activities
involving the Iranian Red Crescent Society.
0
64. Add Sec. 560.557 to read as follows:
Sec. 560.557 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
PART 561--IRANIAN FINANCIAL SANCTIONS REGULATIONS
0
65. The authority citation for part 561 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 8501-8551, 8701-8795; Pub. L. 101-410, 104
Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12957, 60 FR
14615, 3 CFR, 1995 Comp., p. 332; E.O. 13553, 75 FR 60567, 3 CFR,
2010 Comp., p. 253; E.O. 13599, 77 FR 6659, 3 CFR, 2012 Comp., p.
215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 854; E.O. 13871,
84 FR 20761, 3 CFR, 2019 Comp., p. 309.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
66. Add Sec. 561.505 to read as follows:
Sec. 561.505 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
PART 562--IRANIAN SECTOR AND HUMAN RIGHTS ABUSES SANCTIONS
REGULATIONS
0
67. The authority citation for part 562 is revised to read as follows:
Authority: 3 U.S.C. 301; 18 U.S.C. 2332d; 22 U.S.C. 8501-8551;
31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410,
104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12957, 60 FR
14615, 3 CFR, 1995 Comp., p. 332; E.O. 13553, 75 FR 60567, 3 CFR,
2010 Comp., p. 253; E.O. 13871, 84 FR 20761, 3 CFR, 2019 Comp., p.
308.
Subpart C--General Definitions
Sec. 562.301 [Amended]
0
68. In Sec. 562.301, designate Note to Sec. 562.301 as Note 1 to
Sec. 562.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
69. Revise Sec. 562.406 to read as follows:
Sec. 562.406 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 562.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
562.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
70. Add Sec. 562.508 to read as follows:
Sec. 562.508 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
71. Add Sec. 562.509 to read as follows:
Sec. 562.509 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities
[[Page 78478]]
by employees, grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 569--SYRIA-RELATED SANCTIONS REGULATIONS
0
72. The authority citation for part 569 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13894, 84 FR 55851, 3 CFR, 2019 Comp., p. 382.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
73. Add Sec. 569.509 to read as follows:
Sec. 569.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
74. Add Sec. 569.510 to read as follows:
Sec. 569.510 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies;
(5) The Arab Monetary Fund and the Islamic Development Bank; and
(6) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 576--IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS
0
75. The authority citation for part 576 continues to read as follows:
Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13303, 68 FR 31931, 3 CFR, 2003
Comp., p. 227; E.O. 13315, 68 FR 52315, 3 CFR, 2003 Comp., p. 252;
E.O. 13350, 69 FR 46055, 3 CFR, 2004 Comp., p. 196; E.O. 13364, 69
FR 70177, 3 CFR, 2004 Comp., p. 236; E.O. 13438, 72 FR 39719, 3 CFR,
2007 Comp., p. 224; E.O. 13668, 79 FR 31019, 3 CFR, 2014 Comp., p.
248.
Subpart C--General Definitions
Sec. 576.301 [Amended]
0
76. In Sec. 576.301, designate Note to Sec. 576.301 as Note 1 to
Sec. 576 and remove the text ``50 percent or more owned by a person''
and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
77. Revise Sec. 576.412 to read as follows:
Sec. 576.412 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 576.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
576.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
78. Add Sec. 576.513 to read as follows:
Sec. 576.513 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
79. Add Sec. 576.514 to read as follows:
Sec. 576.514 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 579--FOREIGN INTERFERENCE IN U.S. ELECTIONS SANCTIONS
REGULATIONS
0
80. The authority citation for part 579 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); E.O. 13848, 83 FR 46843, 3 CFR, 2018 Comp., p. 869.
[[Page 78479]]
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
81. Add Sec. 579.509 to read as follows:
Sec. 579.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
82. Add Sec. 579.510 to read as follows:
Sec. 579.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 582--NICARAGUA SANCTIONS REGULATIONS
0
83. The authority citation for part 582 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); Pub. L. 115-335, 132 Stat. 5019 (50 U.S.C. 1701 note);
E.O. 13851, 83 FR 61505, 3 CFR, 2018 Comp., p. 884.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
Sec. 582.509 [Amended]
0
84. In Sec. 582.509, add a period to the end of the section heading.
0
85. Add Sec. 582.510 to read as follows:
Sec. 582.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 583--GLOBAL MAGNITSKY SANCTIONS REGULATIONS
0
86. The authority citation for part 583 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); Pub. L. 114-328, Div. A, Title XII, Subt. F, 130 Stat.
2533 (22 U.S.C. 2656 note); E.O. 13818, 82 FR 60839, 3 CFR, 2017
Comp., p. 399.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
87. Add Sec. 583.509 to read as follows:
Sec. 583.509 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
88. Add Sec. 583.510 to read as follows:
Sec. 583.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 584--MAGNITSKY ACT SANCTIONS REGULATIONS
0
89. The authority citation for part 584 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); Pub. L. 112-208, Title IV, 126 Stat. 1502 (22 U.S.C.
5811 note).
Subpart D--Interpretations
Sec. 584.410 [Amended]
0
90. In Sec. 584.410, remove the text ``Sec. 584.201(a)'' and add in
its place ``Sec. 584.201'' in both instances where it appears, and
remove the text ``in which such blocked'' and add in its place ``of an
entity in which such''.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
91. Add Sec. 584.510 to read as follows:
Sec. 584.510 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
92. Add Sec. 584.511 to read as follows:
Sec. 584.511 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
[[Page 78480]]
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 585--HONG KONG-RELATED SANCTIONS REGULATIONS
0
93. The authority citation for part 585 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
E.O. 13936, 85 FR 43413, July 17, 2020.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
94. Add Sec. 585.510 to read as follows:
Sec. 585.510 Official business of certain international organizations
and entities.
All transactions prohibited by this part that are for the conduct
of the official business of the following entities by employees,
grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(b) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(e) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
PART 591--VENEZUELA SANCTIONS REGULATIONS
0
95. The authority citation for part 591 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C.
2461 note); Pub. L. 113-278, 128 Stat. 3011 (50 U.S.C. 1701 note);
E.O. 13692, 80 FR 12747, 3 CFR, 2015 Comp., p. 276; E.O. 13808, 82
FR 41155, 3 CFR, 2017 Comp., p. 377; E.O. 13827, 83 FR 12469, 3 CFR,
2018 Comp., p. 794; E.O. 13835, 83 FR 24001, 3 CFR, 2018 Comp., p.
817; E.O. 13850, 83 FR 55243, 3 CFR, 2018 Comp., p. 881; E.O. 13857,
84 FR 509, 3 CFR, 2019 Comp., p 251; E.O. 13884, 84 FR 38843, 3 CFR,
2019 Comp., p. 351.
Subpart C--General Definitions
Sec. 591.301 [Amended]
0
96. In Sec. 591.301, designate Note to Sec. 591.301 as Note 1 to
Sec. 591.301 and remove the text ``50 percent or more owned by a
person'' and add in its place ``directly or indirectly owned, whether
individually or in the aggregate, 50 percent or more by one or more
persons''.
Subpart D--Interpretations
0
97. Revise Sec. 591.406 to read as follows:
Sec. 591.406 Entities owned by one or more persons whose property and
interests in property are blocked.
(a) Persons whose property and interests in property are blocked
pursuant to Sec. 591.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
591.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
(b) This section, which deals with the consequences of ownership of
entities, in no way limits the definition of the Government of
Venezuela in E.O. 13884, which includes within its definition other
persons whose property and interests in property are blocked but who
are not on the SDN List.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
98. Add Sec. 591.510 to read as follows:
Sec. 591.510 Official business of certain international organizations
and entities.
All transactions prohibited by Executive Order (E.O.) 13850, as
amended by E.O. 13857 of January 25, 2019, involving Banco Central de
Venezuela, or E.O. 13884 involving the Government of Venezuela, that
are for the conduct of the official business of the following entities
by employees, grantees, or contractors thereof are authorized:
(a) Corporaci[oacute]n Andina de Fomento (CAF)
(b) Fondo Latinoamericano de Reservas
(c) Inter-American Development Bank
(d) International Committee of the Red Cross
(e) International Federation of the Red Cross and Red Crescent
Societies
(f) Organization of American States, and its specialized
organizations, other autonomous and decentralized organs, agencies,
entities, and dependencies
(g) The World Bank Group (also referred to as the World Bank),
including the International Bank for Reconstruction and Development
(IBRD), International Development Association (IDA), International
Finance Corporation (IFC), Multilateral Investment Guarantee Agency
(MIGA), and International Centre for Settlement of Investment Disputes
(ICSID)
(h) United Nations, including its Programmes and Funds, and its
Specialized Agencies and Related Organizations, including those
entities specifically listed separately below:
(1) IMF (International Monetary Fund)
(2) FAO (UN Food and Agriculture Organization)
(3) IOM (International Organization for Migration)
(4) OCHA (UN Office for the Coordination of Humanitarian Affairs)
(5) OHCHR (UN Office of the United Nations High Commissioner for
Human Rights)
(6) UN Habitat
(7) UNDP (UN Development Program)
(8) UNFPA (UN Population Fund)
(9) UNHCR (Office of the UN High Commissioner for Refugees)
(10) UNICEF (UN Children's Fund)
(11) WFP (World Food Program)
(12) The World Health Organization (WHO), including the Pan-
American Health Organization (PAHO)
PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS
0
99. The authority citation for part 594 continues to read as follows:
Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); Pub. L. 115-44, 131 Stat 886
(codified in scattered sections of 22 U.S.C.); Pub. L. 115-348, 132
Stat. 5055 (50 U.S.C. 1701 note); Pub. L. 114-102, 129 Stat. 2205,
as amended (50 U.S.C. 1701 note); E.O. 13224, 66 FR 49079, 3 CFR,
2001 Comp., p. 786; E.O. 13268, 67 FR 44751, 3 CFR 2002 Comp., p.
240; E.O. 13284, 68 FR 4075, 3 CFR, 2003 Comp., p. 161; E.O. 13372,
70 FR 8499, 3 CFR, 2006 Comp., p. 159.
Subpart C--General Definitions
0
100. Amend Sec. 594.301 by adding note 1 to Sec. 594.301 to read as
follows:
[[Page 78481]]
Sec. 594.301 Blocked account; blocked property.
* * * * *
Note 1 to Sec. 594.301. See Sec. 594.412 concerning the
blocked status of property and interests in property of an entity
that is directly or indirectly owned, whether individually or in the
aggregate, 50 percent or more by one or more persons whose property
and interests in property are blocked pursuant to Sec. 594.201.
Subpart D--Interpretations
0
101. Revise Sec. 594.412 to read as follows:
Sec. 594.412 Entities owned by one or more persons whose property and
interests in property are blocked.
Persons whose property and interests in property are blocked
pursuant to Sec. 594.201 have an interest in all property and
interests in property of an entity in which such persons directly or
indirectly own, whether individually or in the aggregate, a 50 percent
or greater interest. The property and interests in property of such an
entity, therefore, are blocked, and such an entity is a person whose
property and interests in property are blocked pursuant to Sec.
594.201, regardless of whether the name of the entity is incorporated
into OFAC's Specially Designated Nationals and Blocked Persons List
(SDN List).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
Sec. 594.510 [Amended]
0
102. Amend Sec. 594.510 as follows:
0
a. In the section heading;, remove the text ``Official activities of
certain international organizations;'';
0
b. Remove paragraphs (a) and (c); and
0
c. Remove the paragraph designation of paragraph (b).
0
103. Add Sec. 594.518 to read as follows:
Sec. 594.518 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
104. Add Sec. 594.519 to read as follows:
Sec. 594.519 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing; and
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 596--TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS
0
105. The authority citation for part 596 continues to read as follows:
Authority: 18 U.S.C. 2332d; 22 U.S.C. 7201-7211; 31 U.S.C.
321(b).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
106. Add Sec. 596.507 to read as follows:
Sec. 596.507 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
107. Add Sec. 596.508 to read as follows:
Sec. 596.508 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 597--FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS
0
108. The authority citation for part 597 continues to read as follows:
Authority: 8 U.S.C. 1189; 18 U.S.C. 2339B; 31 U.S.C. 321(b);
Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
109. Add Sec. 597.514 to read as follows:
Sec. 597.514 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
110. Add Sec. 597.515 to read as follows:
Sec. 597.515 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
[[Page 78482]]
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing; and
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
PART 598--FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS
0
111. The authority citation for part 598 continues to read as follows:
Authority: 3 U.S.C. 301; 21 U.S.C. 1901-1908; 31 U.S.C. 321(b);
Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note).
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
0
112. Add Sec. 598.513 to read as follows:
Sec. 598.513 Official business of the United States Government.
All transactions prohibited by this part that are for the conduct
of the official business of the United States Government by employees,
grantees, or contractors thereof are authorized.
0
113. Add Sec. 598.514 to read as follows:
Sec. 598.514 Official business of certain international organizations
and entities.
(a) Except as provided in paragraph (b) of this section, all
transactions prohibited by this part that are for the conduct of the
official business of the following entities by employees, grantees, or
contractors thereof are authorized:
(1) The United Nations, including its Programmes, Funds, and Other
Entities and Bodies, as well as its Specialized Agencies and Related
Organizations;
(2) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies; and
(5) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and
Gavi, the Vaccine Alliance.
(b) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-27564 Filed 12-20-22; 8:45 am]
BILLING CODE 4810-AL-P
