Rule2023-10607
Publication of Global Magnitsky Sanctions Regulations Web General License 7
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
May 17, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to the Global Magnitsky Sanctions Regulations: GL 7, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 88 Issue 95 (Wednesday, May 17, 2023)</title>
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[Federal Register Volume 88, Number 95 (Wednesday, May 17, 2023)]
[Rules and Regulations]
[Page 31475]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-10607]
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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
License 7
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of Web General License.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing one general license (GL) issued pursuant
to the Global Magnitsky Sanctions Regulations: GL 7, which was
previously made available on OFAC's website.
DATES: GL 7 was issued on March 31, 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: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
Background
On March 31, 2023, OFAC issued GL 7 to authorize certain
transactions otherwise prohibited by the Global Magnitsky Sanctions
Regulations, 31 CFR part 583. This GL was made available on OFAC's
website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) when it was issued. The text of the GL is
provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Global Magnitsky Sanctions Regulations
31 CFR Part 583
GENERAL LICENSE NO. 7
Authorizing Certain Transactions Involving Tabacalera del Este S.A. or
Tabacos USA Inc. Pursuant to the Tobacco Master Settlement Agreement
(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), involving Tabacalera del Este
S.A. (TABESA), Tabacos USA Inc. (Tabacos), or any entity in which
TABESA or Tabacos owns, directly or indirectly, individually or in
the aggregate, a 50 percent or greater interest, that are ordinarily
incident and necessary to payments under the tobacco Master
Settlement Agreement (MSA), entered into on November 23, 1998
between certain U.S. state and territory attorneys general and
certain tobacco companies, are authorized.
(b) This general license does not authorize any transaction
otherwise prohibited by the GMSR, including transactions involving
any person blocked pursuant to the GMSR 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: March 31, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-10607 Filed 5-16-23; 8:45 am]
BILLING CODE P
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</html>Indexed from Federal Register on May 17, 2023.
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