Rule · OFAC · 21 Aug 2024 · 2024-18747
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adopting a final rule to add a general license to the Burma Sanctions Regulations and correct references in the Sudan Stabilization and Ukraine-/Russia-Related Sanctions Regulations. The new general license authorizes the provision of agricultural commodities, medicine, medical devices, and related software updates for personal, non-commercial use to individuals whose property is blocked under the Burma sanctions. Additionally, the rule updates terminology in the Sudan regulations to use the acronym OFAC and corrects an erroneous cross-reference in the Ukraine-/Russia-related regulations.
DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Parts 525, 546, and 589 Adding a General License to Burma Sanctions Regulations and Correcting References in Sudan Stabilization and Ukraine-/Russia-Related Sanctions Regulations AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Final rule. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adopting a final rule to add a general license, update language and authorities, and correct a cross-reference in existing regulations. DATES: This rule is effective August 21, 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 In this document, OFAC is updating three parts of 31 CFR chapter V to add a general license, to update language, and to correct an erroneous reference. In the Burma Sanctions Regulations, 31 CFR part 525, OFAC is updating the authorities section to add a reference to recent legislation and adding a general license at § 525.512 to authorize the provision of agricultural commodities, medicine, medical devices, replacement parts and components for medical devices, or software updates for medical devices to individuals whose property and interests in property are blocked pursuant to the Burma Sanctions Regulations. In the Sudan Stabilization Sanctions Regulations, 31 CFR part 546, OFAC is updating three instances of the term ‘‘the Office of Foreign Assets Control’’ or ‘‘the Director of the Office of Foreign Assets Control’’ with the acronym ‘‘OFAC’’ in sections § 546.202(d), § 546.203(e), and § 546.703. Finally, in the Ukraine-/Russia-Related Sanctions Regulations, 31 CFR part 589, OFAC is updating the authorities section to reference two Executive orders issued pursuant to the national emergency declared in Executive Order 13660, ‘‘Blocking Property of Certain Persons Contributing to the Situation in Ukraine’’ (79 FR 13493), and correcting an erroneous cross-reference appearing in § 589.520. Public Participation Because the amendment of the Regulations is a rule of agency procedure and because it involves a foreign affairs function, the provisions of Executive Order 12866 of September 30, 1993, ‘‘Regulatory Planning and Review’’ (58 FR 51735, October 4, 1993), as amended, and the Administrative Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking,
opportunity for public participation, and delay in effective date are inapplicable. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601–612) does not apply. Paperwork Reduction Act The collections of information related to the regulations being amended in this rule are contained in 31 CFR part 501 (the ‘‘Reporting, Procedures and Penalties Regulations’’). Pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3507), those collections of information have been approved by the Office of Management and Budget under control number 1505–0164. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid control number. List of Subjects in 31 CFR Parts 525, 546, and 589 Administrative practice and procedure, Banks, banking, Blocking of assets, Burma, Credit, Foreign trade, Penalties, Reporting and recordkeeping requirements, Russian Federation, Sanctions, Securities, Services, Sudan, Ukraine. For the reasons set forth in the preamble, OFAC is issuing the following amendments:
PART 525—BURMA SANCTIONS
REGULATIONS
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
“Authority: ... Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note);”
“Authority: ... Pub. L. 115–44, 131 Stat. 886 (codified in scattered sections of 22 U.S.C.);”
“Authority: ... E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230;”
“Authority: ... E.O. 13400, 71 FR 25483, 3 CFR, 2006 Comp., p. 220;”
“Authority: ... E.O. 13660, 79 FR 13493, 3 CFR, 2014 Comp., p. 226;”
“Authority: ... E.O. 13849, 3 CFR, 2018 Comp., p. 875,”
“Authority: ... E.O. 14014, 86 FR 9429, 3 CFR, 2021 Comp., p. 514.”
“Authority: ... E.O. 14065, 87 FR 10293, 3 CFR, 2022 Comp., p. 340.”
“Authority: ... E.O. 14098, 88 FR 29529.”
More like this from OFAC
OFAC published 23 documents in the last 30 days. We email you each new one the day it's published.
Source: Office of Foreign Assets Control — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated