Publication of Global Terrorism Sanctions Regulations Web General Licenses 30 and 31, 84821 [2024-24734]

Agencies

• DEPARTMENT OF THE TREASURY
• Office of Foreign Assets Control

[Federal Register Volume 89, Number 206 (Thursday, October 24, 2024)]
[Rules and Regulations]
[Page 84821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24734]



[[Page 84821]]

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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 594


Publication of Global Terrorism Sanctions Regulations Web General 
Licenses 30 and 31

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general licenses.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing two general licenses (GLs) issued pursuant 
to the Global Terrorism Sanctions Regulations: GLs 30 and 31, each of 
which was previously made available on OFAC's website.

DATES: GLs 30 and 31 were issued on October 7, 2024. 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; Assistant Director for Compliance, 202-622-2490; or 
https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On October 7, 2024, OFAC issued GLs 30 and 31 to authorize certain 
transactions otherwise prohibited by Global Terrorism Sanctions 
Regulations, 31 CFR part 594. Each GL was made available on OFAC's 
website (https://ofac.treasury.gov) when it was issued. GLs 30 and 31 
each have an expiration date of November 21, 2024. The text of these 
GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Global Terrorism Sanctions Regulations

31 CFR Part 594

GENERAL LICENSE NO. 30

Authorizing the Wind Down of Transactions Involving Certain Entities 
Blocked on October 7, 2024

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by the Global Terrorism Sanctions 
Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and 
necessary to the wind down of any transaction involving one or more of 
the following blocked persons are authorized through 12:01 a.m. eastern 
standard time, November 21, 2024, provided that any payment to a 
blocked person is made into a blocked account in accordance with the 
GTSR:
    (1) Al Ahmar Trading Group;
    (2) Al Salam Trading and Agencies General Establishment;
    (3) Sabaturk Dis Ticaret Anomin Sirketi;
    (4) Vivid Enerji Yatirimlari Anonim Sirketi;
    (5) Investrade Portfoy Yonetimi Anomim Sirketi; or
    (6) Any entity in which one or more of the above persons own, 
directly or indirectly, individually or in the aggregate, a 50 percent 
or greater interest.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the GTSR, including transactions involving any 
person blocked pursuant to the GTSR other than the blocked persons 
described in paragraph (a) of this general license, unless separately 
authorized.

Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.

    Dated: October 7, 2024.

OFFICE OF FOREIGN ASSETS CONTROL

Global Terrorism Sanctions Regulations

31 CFR Part 594

GENERAL LICENSE NO. 31

Authorizing Certain Transactions Related to Debt or Equity of, or 
Derivative Contracts Involving, Certain Entities Blocked on October 7, 
2024

    (a) Except as provided in paragraphs (d) and (e) of this general 
license, all transactions prohibited by the Global Terrorism Sanctions 
Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and 
necessary to the divestment or transfer, or the facilitation of the 
divestment or transfer, of debt or equity of Investrade Portfoy 
Yonetimi Anomim Sirketi (Investrade Portfoy), and any entity in which 
Investrade Portfoy owns, directly or indirectly, a 50 percent or 
greater interest (``Covered Debt or Equity''), to a non-U.S. person are 
authorized through 12:01 a.m. eastern standard time, November 21, 2024:
    (b) Except as provided in paragraph (e) of this general license, 
all transactions prohibited by the GTSR that are ordinarily incident 
and necessary to facilitating, clearing, and settling trades of Covered 
Debt or Equity that were placed prior to 4:00 p.m. eastern daylight 
time, October 7, 2024, are authorized through 12:01 a.m. eastern 
standard time, November 21, 2024.
    (c) Except as provided in paragraph (e), all transactions 
prohibited by the GTSR that are ordinarily incident and necessary to 
the wind down of derivative contracts entered into prior to 4:00 p.m. 
eastern daylight time, October 7, 2024, that (i) include a blocked 
person described in paragraph (a) of this general license as a 
counterparty or (ii) are linked to Covered Debt or Equity are 
authorized through 12:01 a.m. eastern standard time, November 21, 2024, 
provided that any payments to a blocked person are made into a blocked 
account in accordance with the GTSR.
    (d) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, Covered 
Debt or Equity to, directly or indirectly, any person whose property 
and interests in property are blocked; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, Covered Debt or 
Equity, other than purchases of or investments in Covered Debt or 
Equity ordinarily incident and necessary to the divestment or transfer 
of Covered Debt or Equity as described in paragraph (a) of this general 
license.
    (e) This general license does not authorize any transactions 
otherwise prohibited by the GTSR, including transactions involving any 
person blocked pursuant to the GTSR, other than the blocked persons 
described in paragraph (a) of this general license, unless separately 
authorized.

Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.

    Dated: October 7, 2024.

Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-24734 Filed 10-23-24; 8:45 am]
BILLING CODE 4810-AL-P