2024-26796: Publication of Covid-Related Web General License Related to Iranian Transactions and Sanctions Regulations and Global Terrorism Sanctions Regulations

Federal Register, Volume 89 Issue 223 (Tuesday, November 19, 2024) [Federal Register Volume 89, Number 223 (Tuesday, November 19, 2024)] [Rules and Regulations] [Pages 91261-91262] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2024-26796] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Parts 560 and 594 Publication of Covid-Related Web General License Related to Iranian Transactions and Sanctions Regulations and Global Terrorism Sanctions Regulations

Agency

Office of Foreign Assets Control, Treasury.

Action

Publication of a web general license. -----------------------------------------------------------------------

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 Global Terrorism Sanctions Regulations: GL N. This GL was previously made available on OFAC's website.

Dates

GL N was issued on June 17, 2021. 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 or https://ofac.treasury.gov/contact-ofac.

Supplementary Information

Electronic Availability This document and additional information concerning OFAC are available on OFAC's website: https://ofac.treasury.gov/. Background On June 17, 2021, OFAC issued GL N to authorize certain transactions otherwise prohibited by the Iranian Transactions and Sanctions Regulations, 31 CFR part 560, the Global Terrorism Sanctions Regulations, 31 CFR part 594, or Executive Order 13224 of September 23, 2001 (``Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism,'' 66 FR 49079), as amended. GL N was made available on OFAC's website (https://ofac.treasury.gov/) when it was issued. GL N was replaced and superseded by GL N-1 effective June 17, 2022 (87 FR 47932). The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Iranian Transactions and Sanctions Regulations 31 CFR Part 560 Global Terrorism Sanctions Regulations 31 CFR Part 594 Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism, as Amended GENERAL LICENSE N Authorizing Certain Activities To Respond to the Coronavirus Disease 2019 (COVID-19) Pandemic (a) Authorizing certain COVID-19-related transactions prohibited by the Iranian Transactions and Sanctions Regulations. Except as provided in paragraphs (d) and (e) of this general license, the following transactions and activities that are prohibited by the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (ITSR), are authorized through 12:01 a.m. eastern daylight time, June 17, 2022: (1) Exportation of goods or technology. All transactions and activities related to the exportation, reexportation, sale, or supply, directly or indirectly, of goods or technology for use in connection with the prevention, diagnosis, or treatment of COVID-19 (including research or clinical studies related to COVID-19) to Iran or the Government of Iran, or to persons in third countries purchasing specifically for resale to Iran or the Government of Iran; [[Page 91262]] (2) Importation of or dealings in certain COVID-19-related goods. All transactions and activities related to the importation into the United States of, or dealings in or related to, goods that previously were exported or reexported to Iran or the Government of Iran pursuant to this general license and that are broken, defective, or non-operational, or are connected to product recalls, adverse events, or other safety concerns, or for routine maintenance or the permanent return of such items to the United States or a third country; and (3) Exportation or importation of services. All transactions and activities related to the exportation, reexportation, sale, or supply, directly or indirectly, of services to Iran or the Government of Iran, or the importation into the United States of, or dealings in or related to, Iranian-origin services, in each case that are related to the prevention, diagnosis, or treatment of COVID-19 (including research or clinical studies relating to COVID- 19). (b) Authorizing certain transactions involving the Central Bank of Iran (CBI) or the National Iranian Oil Company (NIOC). Except as provided in paragraph (e) of this general license, all transactions and activities described in paragraph (a) of this general license involving CBI, NIOC, or any entity in which NIOC owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by the ITSR, the Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR), or Executive Order (E.O.) 13224, as amended, are authorized through 12:01 a.m. eastern daylight time, June 17, 2022. (c) Authorizing certain financial transactions. Except as provided in paragraph (e) of this general license, the processing of funds transfers or trade finance transactions that are ordinarily incident and necessary to give effect to the transactions and activities authorized in paragraphs (a) and (b) of this general license that are prohibited by the ITSR, GTSR, or E.O. 13224, as amended, are authorized through 12:01 a.m. eastern daylight time, June 17, 2022 (d) Any exportation or reexportation of goods or technology pursuant to paragraph (a) of this general license is subject to the following conditions: (1) Any goods or technology exported or reexported must: (i) Be designated as EAR99 under the Export Administration Regulations, 15CFR parts 730 through 774 (EAR); or (ii) In the case of goods or technology that are not subject to the EAR, not be listed on any multilateral export control regime; and (2) All exports or reexports made pursuant to this general license must be concluded prior to the expiration date of this general license. (e) This general license does not authorize: (1) The exportation or reexportation of goods or technology to CBI, NIOC, or any entity in which NIOC owns, directly or indirectly, a 50 percent or greater interest; (2) The exportation or reexportation of any goods, technology, or services to military, intelligence, or law enforcement purchasers or importers; (3) The exportation or reexportation of any goods, technology, or services used to facilitate the development or production of a chemical or biological weapon or weapon of mass destruction; (4) The unblocking of any property blocked pursuant to any part of 31 CFR chapter V; or (5) Any transactions or activities otherwise prohibited by the ITSR, the GTSR, or E.O. 13224, as amended, or prohibited by any other part of 31 CFR chapter V, or involving any person blocked pursuant to the GTSR or E.O. 13224, as amended, except as identified in paragraph (b) of this general license. Note 1 to General License N. The export or reexport to Iran of certain food, medicine, medical devices, and agricultural commodities, as well as certain related transactions such as payments and brokering, are broadly authorized under sections 560.530, 560.532, and 560.533 of the ITSR, subject to certain conditions. In addition, transactions or activities authorized under those provisions that involve CBI, NIOC, or any entity in which NIOC owns, directly or indirectly, a 50 percent or greater interest, are also authorized pursuant to Counter Terrorism- and Iran-related General License No. 8A. Those authorizations remain in effect, including with respect to exports or reexports of food, medicine, medical devices, and agricultural commodities intended to respond to the COVID-19 pandemic that satisfy the applicable criteria of those authorizations. Note 2 to General License N. Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce's Bureau of Industry and Security or the Department of State's Directorate of Defense Trade Controls. Bradley T. Smith, Acting Director, Office of Foreign Assets Control. Dated: June 17, 2021. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024-26796 Filed 11-18-24; 8:45 am] BILLING CODE 4810-AL-P