Publication of Burma Sanctions Regulations Web General License 5, 45816 [2023-15201]
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45816
Federal Register / Vol. 88, No. 136 / Tuesday, July 18, 2023 / Rules and Regulations
any payment to a blocked person must be
made into a blocked account in accordance
with the Burma Sanctions Regulations, 31
CFR part 525 (BuSR).
(b) This general license does not authorize
any transactions otherwise prohibited by the
BuSR, including transactions involving any
person blocked pursuant to the BuSR other
than the blocked persons described in
paragraph (a) of this general license, unless
separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 525
Publication of Burma Sanctions
Regulations Web General License 5
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of a web general
license.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing one
general license (GL) issued pursuant to
the Burma Sanctions Regulations: GL 5,
which was previously made available
on OFAC’s website.
DATES: GL 5 was issued on June 21,
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 Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
BILLING CODE 04810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Burma Sanctions Regulations
31 CFR part 525
GENERAL LICENSE NO. 5
Authorizing the Wind Down of Transactions
Involving Myanma Investment and
Commercial Bank or Myanma Foreign Trade
Bank
(a) Except as provided in paragraph (b) of
this general license, all transactions
prohibited by Executive Order 14014 that are
ordinarily incident and necessary to the wind
down of transactions involving Myanma
Investment and Commercial Bank (MICB),
Myanma Foreign Trade Bank (MFTB), or any
entity in which MICB or MFTB owns,
directly or indirectly, individually or in the
aggregate, a 50 percent or greater interest, are
authorized through 12:01 a.m. eastern
daylight time, August 5, 2023, provided that
20:36 Jul 17, 2023
Jkt 259001
OFFICE OF FOREIGN ASSETS CONTROL
Syrian Sanctions Regulations
31 CFR part 542
GENERAL LICENSE NO. 21B
Publication of Covid-Related Web
General Licenses Related to Syria
Sanctions Regulations, Iranian
Transactions and Sanctions
Regulations, Global Terrorism
Sanctions Regulations, and Venezuela
Sanctions Regulations.
Authorizing Certain Activities To Respond
to the Coronavirus Disease 2019 (COVID–19)
(a) Authorizing certain COVID–19-related
transactions prohibited by the Syrian
Sanctions Regulations. Except as provided in
paragraph (b) of this general license, the
following transactions and activities that are
prohibited by the Syrian Sanctions
Regulations, 31 CFR part 542 (SySR), are
authorized through 12:01 a.m. eastern
daylight time, June 14, 2024:
(1) Exportation of services related to
COVID–19. All transactions and activities
related to the exportation, reexportation, sale,
or supply, directly or indirectly, of services
to Syria that are related to the prevention,
diagnosis, or treatment of COVID–19
(including research or clinical studies
relating to COVID–19); and
(2) COVID–19-related transactions
involving certain blocked persons. All
transactions and activities involving the
Government of Syria, Polymedics LLC, Letia
Company, or any entity in which Polymedics
LLC or Letia Company owns, whether
individually or in the aggregate, directly or
indirectly, a 50 percent or greater interest,
that are related to the prevention, diagnosis,
or treatment of COVID–19 (including
research or clinical studies relating to
COVID–19), provided that any exportation or
reexportation of items to Syria must be
licensed or otherwise authorized by the
Department of Commerce.
(b) This general license does not authorize:
(1) The exportation or reexportation of any
goods, technology, or services to military,
intelligence, or law enforcement purchasers
or importers;
(2) The unblocking of any property blocked
pursuant to any part of 31 CFR chapter V; or
(3) Any transactions or activities otherwise
prohibited by the SySR, or prohibited by any
other part of 31 CFR chapter V, statute, or
Executive order, or involving any blocked
person other than the blocked persons
identified in paragraph (a) of this general
license.
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing three web
general licenses (GLs) issued in the
Syria Sanctions Regulations, Iran
Transactions and Sanctions Regulations
and Global Terrorism Sanctions
Regulations, and Venezuela Sanctions
Regulations, respectively: Syria GL 21B,
Iran GL N–2, and Venezuela GL 39B,
each of which was previously made
available on OFAC’s website.
DATES: Syria GL 21B, Iran GL N–2, and
Venezuela GL 39B were issued on June
14, 2023. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
SUMMARY:
OFFICE OF FOREIGN ASSETS CONTROL
On June 14, 2023, OFAC issued Syria
GL 21B, Iran GL N–2, and Venezuela GL
39B to extend the authorization for
certain transactions otherwise
prohibited by, respectively: the Syria
Sanctions Regulations, 31 CFR part 542;
the Iranian Transactions and Sanctions
Regulations, 31 CFR part 560, and the
Global Terrorism Sanctions Regulations,
31 CFR part 594; and the Venezuela
Sanctions Regulations, 31 CFR part 591.
At the time of issuance, OFAC made all
three GLs, each of which has an
expiration date of June 14, 2024,
available on its website (https://
ofac.treasury.gov). The texts of the three
GLs are provided below:
31 CFR Parts 542, 560, 591 and 594
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
licenses.
On June 21, 2023, OFAC issued GL 5
to authorize certain transactions
otherwise prohibited by the Burma
Sanctions Regulations, 31 CFR part 525.
The GL was made available on OFAC’s
website (https://ofac.treasury.gov) when
it was issued. The GL has an expiration
date of August 5, 2023. The text of the
GL is provided below:
ddrumheller on DSK120RN23PROD with RULES1
[FR Doc. 2023–15201 Filed 7–17–23; 8:45 am]
AGENCY:
Background
VerDate Sep<11>2014
Dated: June 21, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Background
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Compliance, 202–
622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
PO 00000
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18JYR1
]]>Agencies
[Federal Register Volume 88, Number 136 (Tuesday, July 18, 2023)]
[Rules and Regulations]
[Page 45816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15201]
[[Page 45816]]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 525
Publication of Burma Sanctions Regulations Web General License 5
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a web general license.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing one general license (GL) issued pursuant
to the Burma Sanctions Regulations: GL 5, which was previously made
available on OFAC's website.
DATES: GL 5 was issued on June 21, 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 Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov.
Background
On June 21, 2023, OFAC issued GL 5 to authorize certain
transactions otherwise prohibited by the Burma Sanctions Regulations,
31 CFR part 525. The GL was made available on OFAC's website (https://ofac.treasury.gov) when it was issued. The GL has an expiration date of
August 5, 2023. The text of the GL is provided below:
OFFICE OF FOREIGN ASSETS CONTROL
Burma Sanctions Regulations
31 CFR part 525
GENERAL LICENSE NO. 5
Authorizing the Wind Down of Transactions Involving Myanma Investment
and Commercial Bank or Myanma Foreign Trade Bank
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order 14014 that are
ordinarily incident and necessary to the wind down of transactions
involving Myanma Investment and Commercial Bank (MICB), Myanma
Foreign Trade Bank (MFTB), or any entity in which MICB or MFTB owns,
directly or indirectly, individually or in the aggregate, a 50
percent or greater interest, are authorized through 12:01 a.m.
eastern daylight time, August 5, 2023, provided that any payment to
a blocked person must be made into a blocked account in accordance
with the Burma Sanctions Regulations, 31 CFR part 525 (BuSR).
(b) This general license does not authorize any transactions
otherwise prohibited by the BuSR, including transactions involving
any person blocked pursuant to the BuSR other than the blocked
persons described in paragraph (a) of this general license, unless
separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: June 21, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-15201 Filed 7-17-23; 8:45 am]
BILLING CODE 04810-AL-P
