Publication of Burma Sanctions Regulations Web General License 6
| Published date | 22 February 2024 |
| Record Number | 2024-03625 |
| Citation | 89 FR 13269 |
| Court | Foreign Assets Control Office |
| Section | Rules and Regulations |
Federal Register, Volume 89 Issue 36 (Thursday, February 22, 2024)
[Federal Register Volume 89, Number 36 (Thursday, February 22, 2024)]
[Rules and Regulations]
[Page 13269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03625]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 525
Publication of Burma Sanctions Regulations Web General License 6
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 one general license (GL) issued pursuant
to the Burma Sanctions Regulations: GL 6, which was previously made
available on OFAC's website.
DATES: GL 6 was issued on January 31, 2024.
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 January 31, 2024, OFAC issued GL 6 to authorize certain
transactions otherwise prohibited by the Burma Sanctions Regulations,
31 CFR part 525. GL 6 was made available on OFAC's website (https://ofac.treasury.gov) when it was issued. The reference to 31 CFR part 594
in paragraph (a) of the GL rather than 31 CFR part 525 was an error in
the original GL, which is reproduced in this publication. The text of
the GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Burma Sanctions Regulations
31 CFR Part 525
GENERAL LICENSE NO. 6
Authorizing the Wind Down of Transactions Involving Shwe Byain Phyu
Group of Companies
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Burma Sanctions Regulations, 31 CFR
part 594 (BuSR), that are ordinarily incident and necessary to the wind
down of any transaction involving Shwe Byain Phyu Group of Companies
(SBPG) or any entity in which SBPG owns, directly or indirectly, a 50
percent or greater interest, are authorized through 12:01 a.m. eastern
standard time, March 1, 2024, provided that any payment to a blocked
person is made into a blocked account in accordance with the BuSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the BuSR, including transactions involving any
person blocked pursuant to the BuSR other than the blocked persons
described in paragraph (a) of this general license, unless separately
authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 31, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-03625 Filed 2-21-24; 8:45 am]
BILLING CODE P
