Treasury Department, Foreign Assets Control Office
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.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Office of Foreign Assets Control 31 CFR Part 582 AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of Web General Licenses. 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: https://ofac.treasury.gov . 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 On March 25, 2020, OFAC issued GL 2A, which superseded GL 2, pursuant to the NSR and the Nicaragua Investment Conditionality Act of 2018 ( 50 U.S.C. 1701 note ) (NICA Act), previously known as the “Nicaragua Human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 Also on March 25, 2020, OFAC issued GL 1A pursuant to the NSR and the NICA Act; GL 1A superseded GL 1 and was later incorp…
Citation: 88 FR 75494
