Rule2023-15368
Publication of Iranian Transactions and Sanctions Regulations Web General License P
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
July 20, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Iranian Transactions and Sanctions Regulations and an Iran-related Executive order: GL P, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 88 Issue 138 (Thursday, July 20, 2023)</title>
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[Federal Register Volume 88, Number 138 (Thursday, July 20, 2023)]
[Rules and Regulations]
[Pages 46688-46689]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-15368]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 560
Publication of Iranian Transactions and Sanctions Regulations Web
General License P
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 a general license (GL) issued pursuant to
the Iranian Transactions and Sanctions Regulations and an Iran-related
Executive order: GL P, which was previously made available on OFAC's
website.
DATES: GL P was issued on June 2, 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="https://ofac.treasury.gov">https://ofac.treasury.gov</a>.
Background
On June 2, 2023, OFAC issued GL P to authorize certain transactions
otherwise prohibited by the Iranian Transactions and Sanctions
Regulations, 31 CFR part 560, or Executive Order 13846 of August 6,
2018, ``Reimposing Certain Sanctions With Respect to Iran'' (83 FR
38939, August 7, 2018). GL P was made available on OFAC's website
(<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when it was issued. GL P has an expiration
date of July 6, 2023. The text of this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13846 of August 6, 2018
Reimposing Certain Sanctions With Respect to Iran
Iranian Transactions and Sanctions Regulations
31 CFR Part 560
GENERAL LICENSE P
Authorizing the Wind Down of Transactions Involving Navyan Abr Arvan
Private Limited Company or Arvancloud Global Technologies L.L.C.
(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 Navyan Abr Arvan Private Limited
Company or Arvancloud Global Technologies L.L.C. that are prohibited
by the Iranian Transactions and Sanctions Regulations, 31 CFR part
560 (ITSR), or Executive Order (E.O.) 13846 of August 6, 2018, are
authorized through 12:01 a.m. eastern daylight time, July 6, 2023,
provided that any payment to a blocked
[[Page 46689]]
person must be made into a blocked account in accordance with the
ITSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the ITSR or E.O. 13846, including
transactions involving any person blocked pursuant to the ITSR or
E.O. 13846 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: June 2, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-15368 Filed 7-19-23; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on July 20, 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.