Rule2023-03867
Publication of Nicaragua Sanctions Regulations Web General Licenses 3 and 4
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 Nicaragua Sanctions Regulations: GLs 3 and 4, each of which was previously made available on OFAC's website and is now expired.
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]
[Pages 11814-11815]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03867]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 582
Publication of Nicaragua Sanctions Regulations Web General
Licenses 3 and 4
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 Nicaragua Sanctions Regulations: GLs 3 and 4, each of which was
previously made available on OFAC's website and is now expired.
DATES: GL 3 expired on July 18, 2022. GL 4 expired on November 23,
2022. 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 June 17, 2022 and October 24, 2022, OFAC issued GLs 3 and 4,
respectively, to authorize certain transactions otherwise prohibited by
the Nicaragua Sanctions Regulations, 31 CFR part 582. 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 of these GLs is now expired. The text of these GLs is provided
below.
OFFICE OF FOREIGN ASSETS CONTROL
Nicaragua Sanctions Regulations
31 CFR Part 582
GENERAL LICENSE NO. 3
Authorizing the Wind Down of Transactions Involving Empresa
Nicaraguense de Minas (ENIMINAS)
(a) Except as provided in paragraph (b) of this general license,
all transactions ordinarily incident and necessary to the wind down
of transactions involving ENIMINAS, or any entity in which ENIMINAS
owns, directly or indirectly, a 50 percent or greater interest that
are prohibited by the Nicaragua Sanctions Regulations, 31 CFR part
582 (the NSR), are authorized through 12:01 a.m. eastern daylight
time, July 18, 2022, provided that any payment to a blocked person
must be made into a blocked account in accordance with the NSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the NSR, including transactions involving
any person blocked pursuant to the NSR other than the blocked
persons described in paragraph (a) of this general license, unless
separately authorized.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Dated: June 17, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Nicaragua Sanctions Regulations
31 CFR Part 582
GENERAL LICENSE NO. 4
Authorizing the Wind Down of Transactions Involving the Directorate
General of Mines of the Nicaraguan Ministry of Energy and Mines
(a) Except as provided in paragraph (b) of this general license,
all transactions ordinarily incident and necessary to the wind down
of any transaction involving the Directorate General of Mines (DGM)
of the Nicaraguan Ministry of Energy and Mines, or any entity in
which DGM owns, directly or indirectly, a 50 percent or greater
interest that are prohibited by the Nicaragua Sanctions Regulations,
31 CFR part 582 (NSR), are authorized through 12:01 a.m. eastern
standard time, November 23, 2022, provided that any payment to a
blocked person must be made into a blocked account in accordance
with the NSR.
[[Page 11815]]
(b) This general license does not authorize any transactions
otherwise prohibited by the NSR, including transactions involving
any person blocked pursuant to the NSR, 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: October 24, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-03867 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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