Publication of Venezuela Sanctions Regulations Web General Licenses 16, 17, 18, and Subsequent Iterations, 9394-9397 [2023-03075]
Download as PDF
<![CDATA[
9394
Federal Register / Vol. 88, No. 30 / Tuesday, February 14, 2023 / Rules and Regulations
TABLE I TO PARAGRAPH (d)—
Continued
TABLE 1 TO PARAGRAPH (a)(5)—
Continued
Year
Limit
Year
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Auto. proj.
cost limit
(col. 1)
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
..........
5,600,000
5,800,000
6,000,000
6,200,000
6,400,000
6,600,000
6,700,000
6,900,000
7,000,000
7,100,000
7,200,000
7,300,000
7,400,000
7,500,000
7,600,000
7,800,000
8,000,000
9,600,000
9,900,000
10,200,000
10,400,000
10,500,000
10,600,000
10,800,000
11,000,000
11,200,000
11,400,000
11,600,000
11,800,000
12,000,000
12,300,000
12,500,000
12,600,000
13,100,000
14,000,000
Prior notice
proj. cost limit
(col. 2)
15,600,000
16,000,000
16,700,000
17,300,000
17,700,000
18,100,000
18,400,000
18,800,000
19,200,000
19,600,000
19,800,000
20,200,000
20,600,000
21,000,000
21,200,000
21,600,000
22,000,000
27,400,000
28,200,000
29,000,000
29,600,000
29,900,000
30,200,000
30,800,000
31,400,000
31,900,000
32,400,000
32,800,000
33,200,000
33,800,000
34,600,000
35,200,000
35,600,000
37,100,000
39,700,000
*
*
*
*
*
3. In § 157.215, in paragraph (a)(5),
remove table II to part 157 and add table
1 to paragraph (a)(5) in its place to read
as follows:
■
§ 157.215 Underground storage testing
and development.
(a) * * *
(5) * * *
ddrumheller on DSK120RN23PROD with RULES
Year
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
VerDate Sep<11>2014
......................................
......................................
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......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
*
*
*
*
16:49 Feb 13, 2023
Limit
$2,700,000
2,900,000
3,000,000
3,100,000
3,200,000
3,300,000
3,400,000
3,500,000
3,600,000
3,800,000
3,900,000
4,000,000
4,100,000
4,200,000
4,300,000
Jkt 259001
Electronic Availability
This document and additional
Limit
information concerning OFAC are
4,400,000 available on OFAC’s website:
4,500,000 www.treas.gov/ofac.
4,550,000
4,650,000
4,750,000
4,850,000
4,900,000
5,000,000
5,100,000
5,250,000
5,400,000
5,550,000
5,600,000
5,700,000
5,750,000
5,850,000
6,000,000
6,100,000
6,200,000
6,300,000
6,400,000
6,500,000
6,600,000
6,700,000
6,800,000
7,100,000
7,600,000
*
[FR Doc. 2023–02996 Filed 2–13–23; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General Licenses 16,
17, 18, and Subsequent Iterations
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
licenses.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing seven
general licenses (GLs) issued in the
Venezuela Sanctions program: GLs 16,
16A, 16B, 16C, 17, 18, and 18A, each of
which was previously made available
on OFAC’s website.
DATES: GLs 16, 17, and 18 were issued
on March 22, 2019. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUMMARY:
TABLE 1 TO PARAGRAPH (a)(5)
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
PO 00000
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Fmt 4700
Sfmt 4700
SUPPLEMENTARY INFORMATION:
Background
On March 22, 2019, OFAC issued GLs
16 and 17 to authorize certain
transactions otherwise prohibited by
Executive Order (E.O.) 13850 of
November 1, 2018, ‘‘Blocking Property
of Additional Persons Contributing to
the Situation in Venezuela’’ (83 FR
55243, November 2, 2018).
Subsequently, OFAC issued three
further iterations of GL 16. On April 17,
2019, OFAC issued GL 16A, which
superseded GL 16. On August 5, 2019,
OFAC issued GL 16B, which superseded
GL 16A and also authorized certain
transactions otherwise prohibited by
E.O. 13884 of August 5, 2019, ‘‘Blocking
Property of the Government of
Venezuela’’ (84 FR 38843, August 7,
2019). On November 22, 2019, OFAC
incorporated the prohibitions of E.O.
13850, as well as any other Executive
orders issued pursuant to the national
emergency declared in E.O. 13692 of
March 8, 2015, ‘‘Blocking Property and
Suspending Entry of Certain Persons
Contributing to the Situation in
Venezuela,’’ into the Venezuela
Sanctions Regulations, 31 CFR part 591
(VSR). On March 12, 2020, OFAC issued
GL 16C, which superseded GL 16B,
pursuant to the VSR. GL 17 expired on
May 21, 2019.
Also on March 22, 2019, OFAC issued
GL 18 to authorize certain transactions
otherwise prohibited by E.O. 13808 of
August 24, 2017, ‘‘Imposing Additional
Sanctions with Respect to the Situation
in Venezuela’’ (82 FR 41155, August 29,
2017) or E.O. 13850. On August 5, 2019,
OFAC issued GL 18A, which
superseded GL 18 and also authorized
certain transactions otherwise
prohibited by E.O. 13884.
Each GL was made available on
OFAC’s website (www.treas.gov/ofac)
when it was issued. The text of these
GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons
Contributing to the Situation in Venezuela
GENERAL LICENSE NO. 16
Authorizing Maintenance of U.S. Person
Accounts and Noncommercial, Personal
Remittances Involving Certain Banks
(a) Except as provided in paragraph (d) of
this general license, the following
transactions and activities involving Banco
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Federal Register / Vol. 88, No. 30 / Tuesday, February 14, 2023 / Rules and Regulations
of U.S. persons in Banco de Venezuela, S.A.
Banco Universal (Banco de Venezuela),
Banco Bicentenario del Pueblo, de la Clase
Obrera, Mujer y Comunas, Banco Universal
C.A. (Banco Bicentenario del Pueblo), or
Banco del Tesoro, C.A. Banco Universal
(Banco del Tesoro) prohibited by Executive
Order (E.O.) 13850, as amended by E.O.
13857 of January 25, 2019, or E.O. of August
5, 2019, are authorized through 12:01 a.m.
eastern daylight time, March 22, 2020.
(b) Except as provided in paragraph (e) of
this general license, all transactions and
activities ordinarily incident and necessary
to processing noncommercial, personal
remittances involving Banco de Venezuela,
Banco Bicentenario del Pueblo, Banco del
Tesoro, or Banco Central de Venezuela are
authorized through 12:01 a.m. eastern
daylight time, March 22, 2020.
(c) Noncommercial, personal remittances
do not include charitable donations of funds
to or for the benefit of an entity or funds
transfers for use in supporting or operating a
business, including a family-owned business.
(d) U.S. financial institutions processing
transactions authorized by paragraph (a) or
(b) of this general license may rely on the
originator of a funds transfer with regard to
compliance with paragraph (a) or (b),
provided that the transferring institution
does not know or have reason to know that
the funds transfer is not in compliance with
paragraph (a) or (b).
(e) This general license does not authorize:
(1) Any transactions or dealings with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES) or Banco Bandes
Uruguay S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked
pursuant to E.O. of August 5, 2019, E.O.
13850, as amended, or any part of 31 CFR
chapter V, except as authorized by paragraph
(a) or (b); or
(3) Any transaction that is otherwise
prohibited by E.O. of August 5, 2019, or E.O.
13850, E.O. 13835 of May 21, 2018, E.O.
13827 of March 19, 2018, E.O. 13808 of
August 24, 2017, or E.O. 13692 of March 8,
2015, each as amended by E.O. 13857, or any
part of 31 CFR chapter V, or any transactions
or dealings with any blocked person other
than the blocked persons described in
paragraph (a) or (b) of this general license.
(f) Effective August 5, 2019, General
License No. 16A, dated April 17, 2019, is
replaced and superseded in its entirety by
this General License No. 16B.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: August 5, 2019.
de Venezuela, S.A. Banco Universal (Banco
de Venezuela) or Banco Bicentenario del
Pueblo, de la Clase Obrera, Mujer y Comunas,
Banco Universal C.A. (Banco Bicentenario
del Pueblo) prohibited by Executive Order
(E.O.) 13850, as amended by E.O. 13857 of
January 25, 2019 (‘‘Taking Additional Steps
to Address the National Emergency With
Respect to Venezuela’’), are authorized
through 12:01 a.m. eastern daylight time,
March 22, 2020:
(1) All transactions and activities
ordinarily incident and necessary to
maintaining, operating, or closing accounts of
U.S. persons in Banco de Venezuela or Banco
Bicentenario del Pueblo; and
(2) All transactions and activities
ordinarily incident and necessary to
processing noncommercial, personal
remittances.
(b) Noncommercial, personal remittances
do not include charitable donations of funds
to or for the benefit of an entity or funds
transfers for use in supporting or operating a
business, including a family-owned business.
(c) U.S. financial institutions processing
transactions authorized by paragraph (a)(2) of
this general license may rely on the
originator of a funds transfer with regard to
compliance with paragraph (a)(2), provided
that the transferring institution does not
know or have reason to know that the funds
transfer is not in compliance with paragraph
(a)(2).
(d) This general license does not authorize:
(1) Any transactions or dealings with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES) or Banco Bandes
Uruguay S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked
pursuant to E.O. 13850, as amended by E.O.
13857, or any part of 31 CFR chapter V,
except as authorized by paragraph (a); or
(3) Any transaction that is otherwise
prohibited under E.O. 13850 of November 1,
2018, E.O. 13835 of May 21, 2018, E.O. 13827
of March 19, 2018, E.O. 13808 of August 24,
2017, E.O. 13692 of March 8, 2015, each as
amended by E.O. 13857, or any part of 31
CFR chapter V, or any transactions or
dealings with any blocked person other than
the blocked persons described in paragraph
(a) of this general license.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets
Control.
Dated: March 22, 2019.
C.A. (Banco Bicentenario del Pueblo)
prohibited by Executive Order (E.O.) 13850,
as amended by E.O. 13857 of January 25,
2019 (‘‘Taking Additional Steps to Address
the National Emergency With Respect to
Venezuela’’) (E.O. 13850), are authorized
through 12:01 a.m. eastern daylight time,
March 22, 2020.
(b) Except as provided in paragraph (e) of
this general license, all transactions and
activities ordinarily incident and necessary
to processing noncommercial, personal
remittances involving Banco de Venezuela,
Banco Bicentenario del Pueblo, or Banco
Central de Venezuela are authorized through
12:01 a.m. eastern daylight time, March 22,
2020.
(c) Noncommercial, personal remittances
do not include charitable donations of funds
to or for the benefit of an entity or funds
transfers for use in supporting or operating a
business, including a family-owned business.
(d) U.S. financial institutions processing
transactions authorized by paragraph (a) or
(b) of this general license may rely on the
originator of a funds transfer with regard to
compliance with paragraph (a) or (b),
provided that the transferring institution
does not know or have reason to know that
the funds transfer is not in compliance with
paragraph (a) or (b).
(e) This general license does not authorize:
(1) Any transactions or dealings with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES) or Banco Bandes
Uruguay S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked
pursuant to E.O. 13850 or any part of 31 CFR
chapter V, except as authorized by paragraph
(a) or (b); or
(3) Any transaction that is otherwise
prohibited under E.O. 13850, E.O. 13835 of
May 21, 2018, E.O. 13827 of March 19, 2018,
E.O. 13808 of August 24, 2017, E.O. 13692 of
March 8, 2015, each as amended by E.O.
13857, or any part of 31 CFR chapter V, or
any transactions or dealings with any
blocked person other than the blocked
persons described in paragraph (a) or (b) of
this general license.
(f) Effective April 17, 2019, General
License No. 16, dated March 22, 2019, is
replaced and superseded in its entirety by
this General License No. 16A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: April 17, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons
Contributing to the Situation in Venezuela
Blocking Property of Additional Persons
Contributing to the Situation in Venezuela
GENERAL LICENSE NO. 16A
Executive Order of August 5, 2019
Venezuela Sanctions Regulations
Authorizing Maintenance of U.S. Person
Accounts and Noncommercial, Personal
Remittances Involving Certain Banks
(a) Except as provided in paragraph (e) of
this general license, all transactions and
activities ordinarily incident and necessary
to maintaining, operating, or closing accounts
of U.S. persons in Banco de Venezuela, S.A.
Banco Universal (Banco de Venezuela) or
Banco Bicentenario del Pueblo, de la Clase
Obrera, Mujer y Comunas, Banco Universal
Blocking Property of the Government of
Venezuela
31 CFR Part 591
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16:49 Feb 13, 2023
Jkt 259001
GENERAL LICENSE NO. 16B
Authorizing Maintenance of U.S. Person
Accounts and Noncommercial, Personal
Remittances Involving Certain Banks
(a) Except as provided in paragraph (e) of
this general license, all transactions and
activities ordinarily incident and necessary
to maintaining, operating, or closing accounts
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9395
OFFICE OF FOREIGN ASSETS CONTROL
GENERAL LICENSE NO. 16C
Authorizing Maintenance of U.S. Person
Accounts and Noncommercial, Personal
Remittances Involving Certain Banks
(a) Except as provided in paragraph (e) of
this general license, all transactions and
activities prohibited by Executive Order
(E.O.) 13850 of November 1, 2018, as
amended by E.O. 13857 of January 25, 2019,
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or by E.O. 13884 of August 5, 2019, each as
incorporated into the Venezuela Sanctions
Regulations, 31 CFR part 591 (the VSR), that
are ordinarily incident and necessary to
maintaining, operating, or closing accounts of
U.S. persons in Banco de Venezuela, S.A.
Banco Universal (Banco de Venezuela),
Banco Bicentenario del Pueblo, de la Clase
Obrera, Mujer y Comunas, Banco Universal
C.A. (Banco Bicentenario del Pueblo), or
Banco del Tesoro, C.A. Banco Universal
(Banco del Tesoro) are authorized.
(b) Except as provided in paragraph (e) of
this general license, all transactions and
activities prohibited by E.O. 13850, as
amended, or by E.O. 13884, each as
incorporated into the VSR, that are ordinarily
incident and necessary to processing
noncommercial, personal remittances
involving Banco de Venezuela, Banco
Bicentenario del Pueblo, Banco del Tesoro, or
Banco Central de Venezuela are authorized.
(c) Noncommercial, personal remittances
do not include charitable donations of funds
to or for the benefit of an entity or funds
transfers for use in supporting or operating a
business, including a family-owned business.
(d) U.S. financial institutions processing
transactions authorized by paragraph (a) or
(b) of this general license may rely on the
originator of a funds transfer with regard to
compliance with paragraph (a) or (b),
provided that the transferring institution
does not know or have reason to know that
the funds transfer is not in compliance with
paragraph (a) or (b).
(e) This general license does not authorize:
(1) Any transactions or activities with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES) or Banco Bandes
Uruguay S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked
pursuant to the VSR, or any other part of 31
CFR chapter V, except as authorized by
paragraph (a) or (b); or
(3) Any transactions or activities otherwise
prohibited by the VSR, or any other part of
31 CFR chapter V, or any transactions or
activities with any blocked person other than
the blocked persons identified in paragraph
(a) or (b) of this general license.
(f) Effective March 12, 2020, General
License No. 16B, dated August 5, 2019, is
replaced and superseded in its entirety by
this General License No. 16C.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 12, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons
Contributing to the Situation in Venezuela
ddrumheller on DSK120RN23PROD with RULES
GENERAL LICENSE NO. 17
Authorizing Certain Activities Necessary to
Wind Down of Operations or Existing
Contracts With Certain Banks
(a) Except as provided in paragraph (b) of
this general license, all transactions and
activities prohibited by Executive Order
(E.O.) 13850, as amended by E.O. 13857 of
January 25, 2019 (‘‘Taking Additional Steps
to Address the National Emergency With
Respect to Venezuela’’), that are ordinarily
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16:49 Feb 13, 2023
Jkt 259001
incident and necessary to the wind down of
operations, contracts, or other agreements
involving Banco de Venezuela, S.A. Banco
Universal (Banco de Venezuela), Banco
Bicentenario del Pueblo, de la Clase Obrera,
Mujer y Comunas, Banco Universal C.A.
(Banco Bicentenario del Pueblo), or Banco
Prodem S.A. that were in effect prior to
March 22, 2019, are authorized through 12:01
a.m. eastern daylight time, May 21, 2019.
(b) This general license does not authorize:
(1) Any transactions or dealings with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES) or Banco Bandes
Uruguay S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked
pursuant to E.O. 13850, as amended by E.O.
13857, or any part of 31 CFR chapter V,
except as authorized by paragraph (a); or
(3) Any transactions or dealings otherwise
prohibited by E.O. 13850 of November 1,
2018, E.O. 13835 of May 21, 2018, E.O. 13827
of March 19, 2018, E.O. 13808 of August 24,
2017, E.O. 13692 of March 8, 2015, each as
amended by E.O. 13857, or any part of 31
CFR chapter V, or any transactions or
dealings with any blocked person other than
the blocked persons identified in paragraph
(a) of this general license.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets
Control.
Dated: March 22, 2019.
dealings with Bandes Uruguay, other than as
authorized by paragraph (a) of this general
license;
(2) The unblocking of any property blocked
pursuant to E.O. 13850, as amended by E.O.
13857, or any part of 31 CFR chapter V,
except as authorized by paragraph (a); or
(3) Any transaction that is otherwise
prohibited under E.O. 13850 of November 1,
2018, E.O. 13835 of May 21, 2018, E.O. 13827
of March 19, 2018, E.O. 13808 of August 24,
2017, E.O. 13692 of March 8, 2015, each as
amended by E.O. 13857, or any part of 31
CFR chapter V, or any transactions or
dealings with any blocked person other than
the blocked persons described in paragraph
(a) of this general license.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets
Control.
Dated: March 22, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect
to the Situation in Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons
Contributing to the Situation in Venezuela
Executive Order of August 5, 2019
OFFICE OF FOREIGN ASSETS CONTROL
Blocking Property of the Government of
Venezuela
Executive Order 13808 of August 24, 2017
GENERAL LICENSE NO. 18A
Imposing Additional Sanctions With Respect
to the Situation in Venezuela
Authorizing Certain Transactions Involving
Integracio´n Administradora de Fondos de
Ahorro Previsional, S.A.
(a) Except as provided in paragraph (c) of
this general license, all transactions and
activities prohibited by Section l(b) of
Executive Order (E.O.) 13808 or by E.O.
13850, each as amended by E.O. 13857 of
January 25, 2019, or by E.O. of August 5,
2019, that are ordinarily incident and
necessary to maintain or operate Integracio´n
Administradora de Fondos de Ahorro
Previsional, S.A., whose fund administrator
is owned 50 percent or more by Banco
Bandes Uruguay S.A. (Bandes Uruguay), are
authorized.
(b) For the purposes of this general license,
the transactions and activities authorized in
paragraph (a) include the purchase from or
sale to the Integracio´n Administradora de
Fondos de Ahorro Previsional, S.A. of
securities or serving as a custodian for
securities held by the Integracio´n
Administradora de Fondos de Ahorro
Previsional, S.A.
(c) This general license does not authorize:
(1) Any transactions or dealings with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES), or any transactions or
dealings with Bandes Uruguay, other than as
authorized by paragraph (a) of this general
license;
(2) The unblocking of any property blocked
pursuant to E.O. of August 5, 2019, or E.O.
13850, as amended, or any part of 31 CFR
chapter V, except as authorized by paragraph
(a); or
(3) Any transaction that is otherwise
prohibited by E.O. of August 5, 2019, or E.O.
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons
Contributing to the Situation in Venezuela
GENERAL LICENSE NO. 18
Authorizing Certain Transactions Involving
Integracio´n Administradora de Fondos de
Ahorro Previsional, S.A.
(a) Except as provided in paragraph (c) of
this general license, all transactions and
activities prohibited by Section 1(b) of
Executive Order (E.O.) 13808, as amended by
E.O. 13857 of January 25, 2019 (‘‘Taking
Additional Steps to Address the National
Emergency With Respect to Venezuela’’), or
E.O. 13850, as amended by E.O. 13857, that
are ordinarily incident and necessary to
maintain or operate Integracio´n
Administradora de Fondos de Ahorro
Previsional, S.A., whose fund administrator
is owned 50 percent or more by Banco
Bandes Uruguay S.A. (Bandes Uruguay), are
authorized.
(b) For the purposes of this general license,
the transactions and activities authorized in
paragraph (a) include the purchase from or
sale to the Integracio´n Administradora de
Fondos de Ahorro Previsional, S.A. of
securities or serving as a custodian for
securities held by the Integracio´n
Administradora de Fondos de Ahorro
Previsional, S.A.
(c) This general license does not authorize:
(1) Any transactions or dealings with
Banco de Desarrollo Economico y Social de
Venezuela (BANDES), or any transactions or
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14FER1
Federal Register / Vol. 88, No. 30 / Tuesday, February 14, 2023 / Rules and Regulations
13850, E.O. 13835 of May 21, 2018, E.O.
13827 of March 19, 2018, E.O. 13808, or E.O.
13692 of March 8, 2015, each as amended by
E.O. 13857, or any part of 31 CFR chapter V,
or any transactions or dealings with any
blocked person other than the blocked
persons described in paragraph (a) of this
general license.
(d) Effective August 5, 2019, General
License No. 18, dated March 22, 2019, is
replaced and superseded in its entirety by
this General License No. 18A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: August 5, 2019.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–03075 Filed 2–13–23; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General License 31B
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of Web General
License.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing general
license (GL) 31B issued pursuant to the
Venezuela Sanctions Regulations. GL
31B was previously made available on
OFAC’s website.
DATES: GL 31B was issued on January 9,
2023. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website:
www.treas.gov/ofac.
ddrumheller on DSK120RN23PROD with RULES
Background
On January 9, 2023, OFAC issued GL
31B to authorize certain transactions
otherwise prohibited by the Venezuela
Sanctions Regulations, 31 CFR part 591.
The GL was made available on OFAC’s
website (www.treas.gov/ofac) when it
was issued. The text of GL 31B is
provided below.
VerDate Sep<11>2014
16:49 Feb 13, 2023
Jkt 259001
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
9397
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
31 CFR Part 594
GENERAL LICENSE NO. 31B
Certain Transactions Involving the IV
Venezuelan National Assembly and Certain
Other Persons
Publication of Global Terrorism
Sanctions Regulations Web General
Licenses 21A and 21B
(a) Except as provided in paragraph (c) of
this general license, U.S. persons are
authorized to engage in all transactions
prohibited by Executive Order (E.O.) 13884,
as incorporated into the Venezuela Sanctions
Regulations, 31 CFR part 591 (the VSR),
involving the IV Venezuelan National
Assembly seated on January 5, 2016 (‘‘IV
National Assembly’’); its Delegated
Commission; any entity established by, or
under the direction of, the IV National
Assembly to exercise its mandate (‘‘IV
National Assembly Entity’’); or any person
appointed or designated by, or whose
appointment or designation is retained by,
the IV National Assembly, its Delegated
Commission, or a IV National Assembly
Entity, including their respective members
and staff.
(b) Except as provided in paragraph (c) of
this general license, U.S. persons are
authorized to engage in all transactions
prohibited by E.O. 13850, as amended by
E.O. 13857, and incorporated into the VSR,
involving any person appointed or
designated by, or whose appointment or
designation is retained by, the IV National
Assembly, its Delegated Commission, or a IV
National Assembly Entity to the board of
directors (including any ad hoc board of
directors) or as an executive officer of a
Government of Venezuela entity (including
entities owned or controlled, directly or
indirectly, by the Government of Venezuela).
(c) This general license does not authorize:
(1) Any transaction involving the
Venezuelan National Constituent Assembly
convened by Nicolas Maduro or the National
Assembly seated on January 5, 2021,
including their respective members and staff;
or
(2) Any transaction otherwise prohibited
by the VSR, including transactions involving
any person blocked pursuant to the VSR
other than the persons identified in
paragraph (a) or (b) of this general license,
unless separately authorized.
(d) Effective January 9, 2023, General
License No. 31A, dated January 4, 2021, is
replaced and superseded in its entirety by
this General License No. 31B.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 9, 2023.
AGENCY:
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–03072 Filed 2–13–23; 8:45 am]
BILLING CODE 4810–AL–P
PO 00000
Frm 00011
Fmt 4700
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Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
license.
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing two
general licenses (GL) issued pursuant to
the Global Terrorism Sanctions
Regulations, GLs 21A and 21B, which of
which was previously made available
on OFAC’s website.
DATES: GL 21A was issued on December
14, 2022. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website:
www.treas.gov/ofac.
Background
On December 14, 2022, OFAC issued
GL 21A to authorize certain transactions
otherwise prohibited by the Global
Terrorism Sanctions Regulations, 31
CFR part 594. GL 21A superseded GL
21. Subsequently, OFAC issued one
further iteration of GL 21: on January 13,
2023, OFAC issued GL 21B, which
superseded GL 21A. Each GL was made
available on OFAC’s website
(www.treas.gov/ofac). The text of GLs
21A and 21B are provided below.
Office of Foreign Assets Control
Global Terrorism Sanctions Regulations
31 CFR Part 594
General License No. 21A
Authorizing Limited Safety and
Environmental Transactions Involving
Certain Vessels
(a) Except as provided in paragraph (c) of
this general license, all transactions that are
ordinarily incident and necessary to one of
the following activities involving the persons
or vessels described in paragraph (b) of this
E:\FR\FM\14FER1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 30 (Tuesday, February 14, 2023)]
[Rules and Regulations]
[Pages 9394-9397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-03075]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General
Licenses 16, 17, 18, and Subsequent Iterations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing seven general licenses (GLs) issued in the
Venezuela Sanctions program: GLs 16, 16A, 16B, 16C, 17, 18, and 18A,
each of which was previously made available on OFAC's website.
DATES: GLs 16, 17, and 18 were issued on March 22, 2019. See
SUPPLEMENTARY INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: www.treas.gov/ofac.
Background
On March 22, 2019, OFAC issued GLs 16 and 17 to authorize certain
transactions otherwise prohibited by Executive Order (E.O.) 13850 of
November 1, 2018, ``Blocking Property of Additional Persons
Contributing to the Situation in Venezuela'' (83 FR 55243, November 2,
2018). Subsequently, OFAC issued three further iterations of GL 16. On
April 17, 2019, OFAC issued GL 16A, which superseded GL 16. On August
5, 2019, OFAC issued GL 16B, which superseded GL 16A and also
authorized certain transactions otherwise prohibited by E.O. 13884 of
August 5, 2019, ``Blocking Property of the Government of Venezuela''
(84 FR 38843, August 7, 2019). On November 22, 2019, OFAC incorporated
the prohibitions of E.O. 13850, as well as any other Executive orders
issued pursuant to the national emergency declared in E.O. 13692 of
March 8, 2015, ``Blocking Property and Suspending Entry of Certain
Persons Contributing to the Situation in Venezuela,'' into the
Venezuela Sanctions Regulations, 31 CFR part 591 (VSR). On March 12,
2020, OFAC issued GL 16C, which superseded GL 16B, pursuant to the VSR.
GL 17 expired on May 21, 2019.
Also on March 22, 2019, OFAC issued GL 18 to authorize certain
transactions otherwise prohibited by E.O. 13808 of August 24, 2017,
``Imposing Additional Sanctions with Respect to the Situation in
Venezuela'' (82 FR 41155, August 29, 2017) or E.O. 13850. On August 5,
2019, OFAC issued GL 18A, which superseded GL 18 and also authorized
certain transactions otherwise prohibited by E.O. 13884.
Each GL was made available on OFAC's website (www.treas.gov/ofac)
when it was issued. The text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
GENERAL LICENSE NO. 16
Authorizing Maintenance of U.S. Person Accounts and Noncommercial,
Personal Remittances Involving Certain Banks
(a) Except as provided in paragraph (d) of this general license,
the following transactions and activities involving Banco
[[Page 9395]]
de Venezuela, S.A. Banco Universal (Banco de Venezuela) or Banco
Bicentenario del Pueblo, de la Clase Obrera, Mujer y Comunas, Banco
Universal C.A. (Banco Bicentenario del Pueblo) prohibited by
Executive Order (E.O.) 13850, as amended by E.O. 13857 of January
25, 2019 (``Taking Additional Steps to Address the National
Emergency With Respect to Venezuela''), are authorized through 12:01
a.m. eastern daylight time, March 22, 2020:
(1) All transactions and activities ordinarily incident and
necessary to maintaining, operating, or closing accounts of U.S.
persons in Banco de Venezuela or Banco Bicentenario del Pueblo; and
(2) All transactions and activities ordinarily incident and
necessary to processing noncommercial, personal remittances.
(b) Noncommercial, personal remittances do not include
charitable donations of funds to or for the benefit of an entity or
funds transfers for use in supporting or operating a business,
including a family-owned business.
(c) U.S. financial institutions processing transactions
authorized by paragraph (a)(2) of this general license may rely on
the originator of a funds transfer with regard to compliance with
paragraph (a)(2), provided that the transferring institution does
not know or have reason to know that the funds transfer is not in
compliance with paragraph (a)(2).
(d) This general license does not authorize:
(1) Any transactions or dealings with Banco de Desarrollo
Economico y Social de Venezuela (BANDES) or Banco Bandes Uruguay
S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked pursuant to E.O.
13850, as amended by E.O. 13857, or any part of 31 CFR chapter V,
except as authorized by paragraph (a); or
(3) Any transaction that is otherwise prohibited under E.O.
13850 of November 1, 2018, E.O. 13835 of May 21, 2018, E.O. 13827 of
March 19, 2018, E.O. 13808 of August 24, 2017, E.O. 13692 of March
8, 2015, each as amended by E.O. 13857, or any part of 31 CFR
chapter V, or any transactions or dealings with any blocked person
other than the blocked persons described in paragraph (a) of this
general license.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Dated: March 22, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
GENERAL LICENSE NO. 16A
Authorizing Maintenance of U.S. Person Accounts and Noncommercial,
Personal Remittances Involving Certain Banks
(a) Except as provided in paragraph (e) of this general license,
all transactions and activities ordinarily incident and necessary to
maintaining, operating, or closing accounts of U.S. persons in Banco
de Venezuela, S.A. Banco Universal (Banco de Venezuela) or Banco
Bicentenario del Pueblo, de la Clase Obrera, Mujer y Comunas, Banco
Universal C.A. (Banco Bicentenario del Pueblo) prohibited by
Executive Order (E.O.) 13850, as amended by E.O. 13857 of January
25, 2019 (``Taking Additional Steps to Address the National
Emergency With Respect to Venezuela'') (E.O. 13850), are authorized
through 12:01 a.m. eastern daylight time, March 22, 2020.
(b) Except as provided in paragraph (e) of this general license,
all transactions and activities ordinarily incident and necessary to
processing noncommercial, personal remittances involving Banco de
Venezuela, Banco Bicentenario del Pueblo, or Banco Central de
Venezuela are authorized through 12:01 a.m. eastern daylight time,
March 22, 2020.
(c) Noncommercial, personal remittances do not include
charitable donations of funds to or for the benefit of an entity or
funds transfers for use in supporting or operating a business,
including a family-owned business.
(d) U.S. financial institutions processing transactions
authorized by paragraph (a) or (b) of this general license may rely
on the originator of a funds transfer with regard to compliance with
paragraph (a) or (b), provided that the transferring institution
does not know or have reason to know that the funds transfer is not
in compliance with paragraph (a) or (b).
(e) This general license does not authorize:
(1) Any transactions or dealings with Banco de Desarrollo
Economico y Social de Venezuela (BANDES) or Banco Bandes Uruguay
S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked pursuant to E.O.
13850 or any part of 31 CFR chapter V, except as authorized by
paragraph (a) or (b); or
(3) Any transaction that is otherwise prohibited under E.O.
13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018,
E.O. 13808 of August 24, 2017, E.O. 13692 of March 8, 2015, each as
amended by E.O. 13857, or any part of 31 CFR chapter V, or any
transactions or dealings with any blocked person other than the
blocked persons described in paragraph (a) or (b) of this general
license.
(f) Effective April 17, 2019, General License No. 16, dated
March 22, 2019, is replaced and superseded in its entirety by this
General License No. 16A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: April 17, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
Executive Order of August 5, 2019
Blocking Property of the Government of Venezuela
GENERAL LICENSE NO. 16B
Authorizing Maintenance of U.S. Person Accounts and Noncommercial,
Personal Remittances Involving Certain Banks
(a) Except as provided in paragraph (e) of this general license,
all transactions and activities ordinarily incident and necessary to
maintaining, operating, or closing accounts of U.S. persons in Banco
de Venezuela, S.A. Banco Universal (Banco de Venezuela), Banco
Bicentenario del Pueblo, de la Clase Obrera, Mujer y Comunas, Banco
Universal C.A. (Banco Bicentenario del Pueblo), or Banco del Tesoro,
C.A. Banco Universal (Banco del Tesoro) prohibited by Executive
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, or
E.O. of August 5, 2019, are authorized through 12:01 a.m. eastern
daylight time, March 22, 2020.
(b) Except as provided in paragraph (e) of this general license,
all transactions and activities ordinarily incident and necessary to
processing noncommercial, personal remittances involving Banco de
Venezuela, Banco Bicentenario del Pueblo, Banco del Tesoro, or Banco
Central de Venezuela are authorized through 12:01 a.m. eastern
daylight time, March 22, 2020.
(c) Noncommercial, personal remittances do not include
charitable donations of funds to or for the benefit of an entity or
funds transfers for use in supporting or operating a business,
including a family-owned business.
(d) U.S. financial institutions processing transactions
authorized by paragraph (a) or (b) of this general license may rely
on the originator of a funds transfer with regard to compliance with
paragraph (a) or (b), provided that the transferring institution
does not know or have reason to know that the funds transfer is not
in compliance with paragraph (a) or (b).
(e) This general license does not authorize:
(1) Any transactions or dealings with Banco de Desarrollo
Economico y Social de Venezuela (BANDES) or Banco Bandes Uruguay
S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked pursuant to E.O. of
August 5, 2019, E.O. 13850, as amended, or any part of 31 CFR
chapter V, except as authorized by paragraph (a) or (b); or
(3) Any transaction that is otherwise prohibited by E.O. of
August 5, 2019, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O.
13827 of March 19, 2018, E.O. 13808 of August 24, 2017, or E.O.
13692 of March 8, 2015, each as amended by E.O. 13857, or any part
of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) or (b) of this general license.
(f) Effective August 5, 2019, General License No. 16A, dated
April 17, 2019, is replaced and superseded in its entirety by this
General License No. 16B.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: August 5, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 16C
Authorizing Maintenance of U.S. Person Accounts and Noncommercial,
Personal Remittances Involving Certain Banks
(a) Except as provided in paragraph (e) of this general license,
all transactions and activities prohibited by Executive Order (E.O.)
13850 of November 1, 2018, as amended by E.O. 13857 of January 25,
2019,
[[Page 9396]]
or by E.O. 13884 of August 5, 2019, each as incorporated into the
Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), that are
ordinarily incident and necessary to maintaining, operating, or
closing accounts of U.S. persons in Banco de Venezuela, S.A. Banco
Universal (Banco de Venezuela), Banco Bicentenario del Pueblo, de la
Clase Obrera, Mujer y Comunas, Banco Universal C.A. (Banco
Bicentenario del Pueblo), or Banco del Tesoro, C.A. Banco Universal
(Banco del Tesoro) are authorized.
(b) Except as provided in paragraph (e) of this general license,
all transactions and activities prohibited by E.O. 13850, as
amended, or by E.O. 13884, each as incorporated into the VSR, that
are ordinarily incident and necessary to processing noncommercial,
personal remittances involving Banco de Venezuela, Banco
Bicentenario del Pueblo, Banco del Tesoro, or Banco Central de
Venezuela are authorized.
(c) Noncommercial, personal remittances do not include
charitable donations of funds to or for the benefit of an entity or
funds transfers for use in supporting or operating a business,
including a family-owned business.
(d) U.S. financial institutions processing transactions
authorized by paragraph (a) or (b) of this general license may rely
on the originator of a funds transfer with regard to compliance with
paragraph (a) or (b), provided that the transferring institution
does not know or have reason to know that the funds transfer is not
in compliance with paragraph (a) or (b).
(e) This general license does not authorize:
(1) Any transactions or activities with Banco de Desarrollo
Economico y Social de Venezuela (BANDES) or Banco Bandes Uruguay
S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked pursuant to the VSR,
or any other part of 31 CFR chapter V, except as authorized by
paragraph (a) or (b); or
(3) Any transactions or activities otherwise prohibited by the
VSR, or any other part of 31 CFR chapter V, or any transactions or
activities with any blocked person other than the blocked persons
identified in paragraph (a) or (b) of this general license.
(f) Effective March 12, 2020, General License No. 16B, dated
August 5, 2019, is replaced and superseded in its entirety by this
General License No. 16C.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 12, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
GENERAL LICENSE NO. 17
Authorizing Certain Activities Necessary to Wind Down of Operations or
Existing Contracts With Certain Banks
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by Executive Order (E.O.)
13850, as amended by E.O. 13857 of January 25, 2019 (``Taking
Additional Steps to Address the National Emergency With Respect to
Venezuela''), that are ordinarily incident and necessary to the wind
down of operations, contracts, or other agreements involving Banco
de Venezuela, S.A. Banco Universal (Banco de Venezuela), Banco
Bicentenario del Pueblo, de la Clase Obrera, Mujer y Comunas, Banco
Universal C.A. (Banco Bicentenario del Pueblo), or Banco Prodem S.A.
that were in effect prior to March 22, 2019, are authorized through
12:01 a.m. eastern daylight time, May 21, 2019.
(b) This general license does not authorize:
(1) Any transactions or dealings with Banco de Desarrollo
Economico y Social de Venezuela (BANDES) or Banco Bandes Uruguay
S.A. (Bandes Uruguay);
(2) The unblocking of any property blocked pursuant to E.O.
13850, as amended by E.O. 13857, or any part of 31 CFR chapter V,
except as authorized by paragraph (a); or
(3) Any transactions or dealings otherwise prohibited by E.O.
13850 of November 1, 2018, E.O. 13835 of May 21, 2018, E.O. 13827 of
March 19, 2018, E.O. 13808 of August 24, 2017, E.O. 13692 of March
8, 2015, each as amended by E.O. 13857, or any part of 31 CFR
chapter V, or any transactions or dealings with any blocked person
other than the blocked persons identified in paragraph (a) of this
general license.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Dated: March 22, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
GENERAL LICENSE NO. 18
Authorizing Certain Transactions Involving Integraci[oacute]n
Administradora de Fondos de Ahorro Previsional, S.A.
(a) Except as provided in paragraph (c) of this general license,
all transactions and activities prohibited by Section 1(b) of
Executive Order (E.O.) 13808, as amended by E.O. 13857 of January
25, 2019 (``Taking Additional Steps to Address the National
Emergency With Respect to Venezuela''), or E.O. 13850, as amended by
E.O. 13857, that are ordinarily incident and necessary to maintain
or operate Integraci[oacute]n Administradora de Fondos de Ahorro
Previsional, S.A., whose fund administrator is owned 50 percent or
more by Banco Bandes Uruguay S.A. (Bandes Uruguay), are authorized.
(b) For the purposes of this general license, the transactions
and activities authorized in paragraph (a) include the purchase from
or sale to the Integraci[oacute]n Administradora de Fondos de Ahorro
Previsional, S.A. of securities or serving as a custodian for
securities held by the Integraci[oacute]n Administradora de Fondos
de Ahorro Previsional, S.A.
(c) This general license does not authorize:
(1) Any transactions or dealings with Banco de Desarrollo
Economico y Social de Venezuela (BANDES), or any transactions or
dealings with Bandes Uruguay, other than as authorized by paragraph
(a) of this general license;
(2) The unblocking of any property blocked pursuant to E.O.
13850, as amended by E.O. 13857, or any part of 31 CFR chapter V,
except as authorized by paragraph (a); or
(3) Any transaction that is otherwise prohibited under E.O.
13850 of November 1, 2018, E.O. 13835 of May 21, 2018, E.O. 13827 of
March 19, 2018, E.O. 13808 of August 24, 2017, E.O. 13692 of March
8, 2015, each as amended by E.O. 13857, or any part of 31 CFR
chapter V, or any transactions or dealings with any blocked person
other than the blocked persons described in paragraph (a) of this
general license.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Dated: March 22, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
Executive Order of August 5, 2019
Blocking Property of the Government of Venezuela
GENERAL LICENSE NO. 18A
Authorizing Certain Transactions Involving Integraci[oacute]n
Administradora de Fondos de Ahorro Previsional, S.A.
(a) Except as provided in paragraph (c) of this general license,
all transactions and activities prohibited by Section l(b) of
Executive Order (E.O.) 13808 or by E.O. 13850, each as amended by
E.O. 13857 of January 25, 2019, or by E.O. of August 5, 2019, that
are ordinarily incident and necessary to maintain or operate
Integraci[oacute]n Administradora de Fondos de Ahorro Previsional,
S.A., whose fund administrator is owned 50 percent or more by Banco
Bandes Uruguay S.A. (Bandes Uruguay), are authorized.
(b) For the purposes of this general license, the transactions
and activities authorized in paragraph (a) include the purchase from
or sale to the Integraci[oacute]n Administradora de Fondos de Ahorro
Previsional, S.A. of securities or serving as a custodian for
securities held by the Integraci[oacute]n Administradora de Fondos
de Ahorro Previsional, S.A.
(c) This general license does not authorize:
(1) Any transactions or dealings with Banco de Desarrollo
Economico y Social de Venezuela (BANDES), or any transactions or
dealings with Bandes Uruguay, other than as authorized by paragraph
(a) of this general license;
(2) The unblocking of any property blocked pursuant to E.O. of
August 5, 2019, or E.O. 13850, as amended, or any part of 31 CFR
chapter V, except as authorized by paragraph (a); or
(3) Any transaction that is otherwise prohibited by E.O. of
August 5, 2019, or E.O.
[[Page 9397]]
13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018,
E.O. 13808, or E.O. 13692 of March 8, 2015, each as amended by E.O.
13857, or any part of 31 CFR chapter V, or any transactions or
dealings with any blocked person other than the blocked persons
described in paragraph (a) of this general license.
(d) Effective August 5, 2019, General License No. 18, dated
March 22, 2019, is replaced and superseded in its entirety by this
General License No. 18A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: August 5, 2019.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-03075 Filed 2-13-23; 8:45 am]
BILLING CODE 4810-AL-P
