Rule2025-13835
Publication of Global Terrorism Sanctions Regulations Web General License 33
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 23, 2025
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 Global Terrorism Sanctions Regulations: GL 33, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 90 Issue 139 (Wednesday, July 23, 2025)</title>
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[Federal Register Volume 90, Number 139 (Wednesday, July 23, 2025)]
[Rules and Regulations]
[Page 34600]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13835]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 594
Publication of Global Terrorism Sanctions Regulations Web General
License 33
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a 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 Global Terrorism Sanctions Regulations: GL 33, which was previously
made available on OFAC's website.
DATES: GL 33 was issued on April 17, 2025. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.
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 April 17, 2025, OFAC issued GL 33 to authorize certain
transactions otherwise prohibited by the Global Terrorism Sanctions
Regulations, 31 CFR part 594. This 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
this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Global Terrorism Sanctions Regulations
31 CFR Part 594
GENERAL LICENSE NO. 33
Authorizing the Wind Down of Transactions Involving International Bank
of Yemen (IBY)
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Global Terrorism Sanctions
Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and
necessary to the wind down of any transaction involving International
Bank of Yemen (IBY), or any entity in which IBY owns, directly or
indirectly, a 50 percent or greater interest, are authorized through
12:01 a.m. eastern daylight time, May 17, 2025, provided that any
payment to a blocked person is made into a blocked account in
accordance with the GTSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the GTSR, including transactions involving any
person blocked pursuant to the GTSR other than the blocked persons
described in paragraph (a) of this general license, unless separately
authorized.
Lisa M. Palluconi,
Acting Director.
Office of Foreign Assets Control.
Dated: April 17, 2025.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2025-13835 Filed 7-22-25; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on July 23, 2025.
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