Rule2023-03865
Publication of Global Magnitsky Sanctions Regulations Web General Licenses 5 and 6
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 24, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Global Magnitsky Sanctions Regulations: GLs 5 and 6, each of which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 88 Issue 37 (Friday, February 24, 2023)</title>
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[Federal Register Volume 88, Number 37 (Friday, February 24, 2023)]
[Rules and Regulations]
[Page 11815]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03865]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 583
Publication of Global Magnitsky Sanctions Regulations Web General
Licenses 5 and 6
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 Magnitsky Sanctions Regulations: GLs 5 and 6, each of
which was previously made available on OFAC's website.
DATES: GLs 5 and 6 were issued on January 26, 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.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
Background
On January 26, 2023, OFAC issued GLs 5 and 6 to authorize certain
transactions otherwise prohibited by the Global Magnitsky Sanctions
Regulations, 31 CFR part 583. Each GL was made available on OFAC's
website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) when it was issued. Each GL was issued on
January 26, 2023 and has an expiration date of March 27, 2023. The text
of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Global Magnitsky Sanctions Regulations
31 CFR Part 583
GENERAL LICENSE NO. 5
Authorizing Certain Transactions Related to Frigorifico Chajha S.A.E.
(a) Except as provided in paragraphs (d) and (e) of this general
license, all transactions prohibited by the Global Magnitsky
Sanctions Regulations, 31 CFR part 583 (GMSR), that are ordinarily
incident and necessary to the divestment or transfer, or the
facilitation of the divestment or transfer, of debt or equity of
Frigorifico Chajha S.A.E. (Frigorifico Chajha), to a non-U.S. person
are authorized through 12:01 a.m. eastern daylight time, March 27,
2023.
(b) Except as provided in paragraph (e) of this general license,
all transactions prohibited by the GMSR that are ordinarily incident
and necessary to facilitating, clearing, and settling trades of debt
or equity of Frigorifico Chajha that were placed prior to 4:00 p.m.
eastern standard time, January 26, 2023, are authorized through
12:01 a.m. eastern daylight time, March 27, 2023.
(c) Except as provided in paragraph (e) of this general license,
all transactions prohibited by the GMSR that are ordinarily incident
and necessary to the wind down of derivative contracts entered into
prior to 4:00 p.m. eastern standard time, January 26, 2023, that (i)
include Frigorifico Chajha as a counterparty or (ii) are linked to
the debt or equity of Frigorifico Chajha are authorized through
12:01 a.m. eastern daylight time, March 27, 2023, provided that any
payments to a blocked person are made into a blocked account in
accordance with the GMSR.
(d) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, debt or
equity of Frigorifico Chajha 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, debt or equity
of Frigorifico Chajha, other than purchases of or investments in
debt or equity of Frigorifico Chajha that are ordinarily incident
and necessary to the divestment or transfer of debt or equity of
Frigorifico Chajha, as described in paragraph (a) of this general
license.
(e) This general license does not authorize any transactions
otherwise prohibited by the GMSR, including transactions involving
any person blocked pursuant to the GMSR other than Frigorifico
Chajha, unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 26, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Global Magnitsky Sanctions Regulations
31 CFR Part 583
GENERAL LICENSE NO. 6
Authorizing the Wind Down of Transactions Involving Bebidas USA Inc.,
Tabacos USA Inc., Frigorifico Chajha S.A.E., Dominicana Acquisition
S.A., or Certain Blocked Entities Owned by Horacio Manuel Cartes Jara
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Global Magnitsky Sanctions
Regulations, 31 CFR part 583 (GMSR), that are ordinarily incident
and necessary to the wind down of any transaction involving Bebidas
USA Inc., Tabacos USA Inc., Frigorifico Chajha S.A.E., or Dominicana
Acquisition S.A. (collectively, the ``designated Cartes entities''),
or any entity in which Horacio Manuel Cartes Jara or the designated
Cartes entities own, directly or indirectly, a 50 percent or greater
interest, are authorized through 12:01 a.m. eastern daylight time,
March 27, 2023, provided that any payment to a blocked person must
be made into a blocked account in accordance with the GMSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the GMSR, including transactions involving
any person blocked pursuant to the GMSR other than the blocked
entities described in paragraph (a) of this general license, unless
separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 26, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-03865 Filed 2-23-23; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on February 24, 2023.
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