Rule2023-24332
Publication of Nicaragua Sanctions Regulations Web General Licenses 1, 2, and 2A
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
November 3, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing three general licenses (GLs) issued pursuant to the Nicaragua Sanctions Regulations: GLs 1, 2, and 2A, each of which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 88 Issue 212 (Friday, November 3, 2023)</title>
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[Federal Register Volume 88, Number 212 (Friday, November 3, 2023)]
[Rules and Regulations]
[Pages 75494-75495]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-24332]
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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 1, 2, and 2A
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 three general licenses (GLs) issued
pursuant to the Nicaragua Sanctions Regulations: GLs 1, 2, and 2A, each
of which was previously made available on OFAC's website.
DATES: GLs 1 and 2 were issued on March 5, 2020. 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 March 5, 2020, OFAC issued GLs 1 and 2 to authorize certain
transactions otherwise prohibited by the Nicaragua Sanctions
Regulations, 31 CFR part 582 (NSR). On March 25, 2020, OFAC issued GL
2A, which superseded GL 2, pursuant to the NSR and the Nicaragua
Investment Conditionality Act of 2018 (50 U.S.C. 1701 note) (NICA Act),
previously known as the ``Nicaragua Human Rights and Anticorruption Act
of 2018.'' GL 2A expired on May 6, 2020. Also on March 25, 2020, OFAC
issued GL 1A pursuant to the NSR and the NICA Act; GL 1A superseded GL
1 and was later incorporated into the NSR (85 FR 43436). Each GL was
made available on OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when it
was issued. The text of GLs 1, 2, and 2A is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Nicaragua Sanctions Regulations
31 CFR Part 582
GENERAL LICENSE NO. 1
Official Business of the United States Government
(a) Except as provided in paragraph (b) of this general license,
all transactions that are for the conduct of the official business of
the United States Government by employees, grantees, or contractors
thereof are authorized.
(b) This general license does not authorize any transaction that is
prohibited by any part of 31 CFR chapter V other than part 582.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: March 5, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Nicaragua Sanctions Regulations
31 CFR Part 582
GENERAL LICENSE NO. 2
Authorizing the Wind Down of Transactions Involving the Nicaraguan
National Police
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by the Nicaragua Sanctions
Regulations, 31 CFR part 582 (the NSR), that are ordinarily incident
and necessary to the wind down of transactions involving the Nicaraguan
National Police (NNP), or any entity in which the NNP owns, directly or
indirectly, a 50 percent or greater interest, including the processing
of salary payments from the NNP, or any entity in which the NNP owns,
directly or indirectly, a 50 percent or greater interest, to its
employees, are authorized through 12:01 a.m. eastern daylight time, May
6, 2020.
(b) This general license does not authorize:
(1) Any debit to an account of the NNP, or any entity in which the
NNP owns, directly or indirectly, a 50 percent or greater interest, on
the books of a U.S. financial institution; or
(2) Any transactions or activities prohibited by any part of 31 CFR
chapter V other than the NSR, or any transactions or activities with
any blocked person other than the blocked
[[Page 75495]]
persons identified in paragraph (a) of this general license.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: March 5, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Nicaragua Sanctions Regulations
31 CFR Part 582
Nicaragua Human Rights and Anticorruption Act of 2018
50 U.S.C. 1701 Note
GENERAL LICENSE NO. 2A
Authorizing the Wind Down of Transactions Involving the Nicaraguan
National Police
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by the Nicaragua Sanctions
Regulations, 31 CFR part 582 (the NSR) or the Nicaragua Human Rights
and Anticorruption Act of 2018 (NHRAA), that are ordinarily incident
and necessary to the wind down of transactions involving the Nicaraguan
National Police (NNP), or any entity in which the NNP owns, directly or
indirectly, a 50 percent or greater interest, including the processing
of salary payments from the NNP, or any entity in which the NNP owns,
directly or indirectly, a 50 percent or greater interest, to its
employees, are authorized through 12:01 a.m. eastern daylight time, May
6, 2020.
(b) This general license does not authorize:
(1) Any debit to an account of the NNP, or any entity in which the
NNP owns, directly or indirectly, a 50 percent or greater interest, on
the books of a U.S. financial institution; or
(2) Any transactions or activities prohibited by any part of 31 CFR
chapter V other than the NSR, or any transactions or activities with
any blocked person other than the blocked persons identified in
paragraph (a) of this general license.
(c) Effective March 25, 2020, General License No. 2, dated March 5,
2020, is replaced and superseded in its entirety by this General
License No. 2A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 25, 2020.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-24332 Filed 11-2-23; 8:45 am]
BILLING CODE 4810-AL-P
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