Rule2023-08870
Corrections in the Iranian Transactions and Sanctions Regulations and Western Balkans Stabilization Regulations
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
April 27, 2023
Effective
April 27, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule to correct a typographical error in the Iranian Transactions and Sanctions Regulations and to correct two typographical errors and incorporate one general license in the Western Balkans Stabilization Regulations.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 81 (Thursday, April 27, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 81 (Thursday, April 27, 2023)]
[Rules and Regulations]
[Pages 25491-25492]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08870]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 560 and 588
Corrections in the Iranian Transactions and Sanctions Regulations
and Western Balkans Stabilization Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is adopting a final rule to correct a typographical
error in the Iranian Transactions and Sanctions Regulations and to
correct two typographical errors and incorporate one general license in
the Western Balkans Stabilization Regulations.
DATES: This rule is effective April 27, 2023.
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
OFAC is amending the Iranian Transactions and Sanctions
Regulations, 31 CFR part 560 (ITSR), to replace the word ``insure''
with the word ``ensure'' in Sec. 560.528.
OFAC is amending the Western Balkans Stabilization Regulations, 31
CFR part 588 (WBSR), to correct cross references in Sec. Sec. 588.307
and 588.405. On December 21, 2022, OFAC issued an amendment to the WBSR
(87 FR 78484). This amendment added a general license for activities of
nongovernmental organizations to the WBSR, but because the amendment
contained an error in the amendatory instructions, the general license
could not be incorporated. OFAC is now amending the WBSR to redesignate
a second general license currently in Sec. 588.512 as Sec. 588.513,
and to properly add the nongovernmental organizations general license
in Sec. 588.512.
Public Participation
Because the amendment of the ITSR and the WBSR involves a foreign
affairs function, the provisions of E.O. 12866 of September 30, 1993,
``Regulatory Planning and Review'' (58 FR 51735, October 4, 1993), and
the Administrative Procedure Act (5 U.S.C. 553) requiring notice of
proposed rulemaking, opportunity for public participation, and delay in
effective date are inapplicable. Because no notice of proposed
rulemaking is required for this rule, the Regulatory Flexibility Act (5
U.S.C. 601-612) does not apply.
[[Page 25492]]
Paperwork Reduction Act
The collections of information related to the ITSR and the WBSR are
contained in 31 CFR part 501 (the ``Reporting, Procedures and Penalties
Regulations''). Pursuant to the Paperwork Reduction Act of 1995 (44
U.S.C. 3507), those collections of information have been approved by
the Office of Management and Budget under control number 1505-0164. An
agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless the collection of
information displays a valid control number.
List of Subjects in 31 CFR Parts 560 and 588
Administrative practice and procedure, Banks, banking, Blocking of
assets, Credit, Foreign trade, Penalties, Reporting and recordkeeping
requirements, Sanctions, Securities, Services.
For the reasons set forth in the preamble, OFAC amends 31 CFR parts
560 and 588 as follows:
PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
0
1. The authority citation for part 560 continues to read as follows:
Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C.
2349aa-9, 7201-7211, 8501-8551, 8701-8795; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 12613, 52 FR 41940, 3 CFR, 1987
Comp., p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332;
E.O. 12959, 60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 62
FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 CFR,
2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p.
854.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
Sec. 560.528 [Amended]
0
2. In Sec. 560.528, remove ``insure'' and add in its place ``ensure''.
PART 588--WESTERN BALKANS STABILIZATION REGULATIONS
0
3. The authority citation for part 588 is revised to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as
amended (28 U.S.C. 2461 note); E.O. 13219, 66 FR 34777, 3 CFR, 2001
Comp., p. 778; E.O. 13304, 68 FR 32315, 3 CFR, 2004 Comp., p. 229;
E.O. 14033, 86 FR 43905, 3 CFR, 2022 Comp., p. 591.
Subpart B--General Definitions
Sec. 588.307 [Amended]
0
4. In Sec. 588.307, in the heading for Note 1 to Sec. 588.306, remove
``Sec. 588.306'' and add in its place ``Sec. 588.307''.
Subpart D--Interpretations
Sec. 588.405 [Amended]
0
5. In Sec. 588.405, in Note 1 to Sec. 588.405, remove ``Sec.
588.5507'' and add in its place ``Sec. 588.507''.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
Sec. 588.512 [Redesignated as Sec. 588.513]
0
6. Redesignate Sec. 588.512 as Sec. 588.513.
0
7. Add new Sec. 588.512 to read as follows:
Sec. 588.512 Authorizing certain transactions in support of
nongovernmental organizations' activities.
(a) Except as provided in paragraph (c) of this section, all
transactions prohibited by this part that are ordinarily incident and
necessary to the activities described in paragraph (b) of this section
by a nongovernmental organization are authorized, provided that the
nongovernmental organization is not a person whose property or
interests in property are blocked pursuant to this part.
(b) The activities referenced in paragraph (a) of this section are
non-commercial activities designed to directly benefit the civilian
population that fall into one of the following categories:
(1) Activities to support humanitarian projects to meet basic human
needs, including disaster, drought, or flood relief; food, nutrition,
or medicine distribution; the provision of health services; assistance
for vulnerable or displaced populations, including individuals with
disabilities and the elderly; and environmental programs;
(2) Activities to support democracy building, including activities
to support rule of law, citizen participation, government
accountability and transparency, human rights and fundamental freedoms,
access to information, and civil society development projects;
(3) Activities to support education, including combating
illiteracy, increasing access to education, international exchanges,
and assisting education reform projects;
(4) Activities to support non-commercial development projects
directly benefiting civilians, including those related to health, food
security, and water and sanitation;
(5) Activities to support environmental and natural resource
protection, including the preservation and protection of threatened or
endangered species, responsible and transparent management of natural
resources, and the remediation of pollution or other environmental
damage; and
(6) Activities to support disarmament, demobilization, and
reintegration (DDR) programs and peacebuilding, conflict prevention,
and conflict resolution programs.
(c) This section does not authorize funds transfers initiated or
processed with knowledge or reason to know that the intended
beneficiary of such transfers is a person blocked pursuant to this
part, other than for the purpose of effecting the payment of taxes,
fees, or import duties, or the purchase or receipt of permits,
licenses, or public utility services.
(d) Specific licenses may be issued on a case-by-case basis to
authorize nongovernmental or other entities to engage in other
activities designed to directly benefit the civilian population,
including support for the removal of landmines and economic development
projects directly benefiting the civilian population.
Note 1 to Sec. 588.512. This section does not relieve any
person authorized thereunder from complying with any other
applicable laws or regulations.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-08870 Filed 4-26-23; 8:45 am]
BILLING CODE 4810-AL-P
</pre></body>
</html>Indexed from Federal Register on April 27, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.