2026-09-11 | 2026-18563Added
The Office of Foreign Assets Control (OFAC) published General License (GL) 35, authorizing transactions ordinarily incident and necessary to wind down activities involving Comercializadora y Arrendadora de Mexico, S.A. de C.V. (CAMSA), Casino Centenario, Diamante Casino, or any entity they own 50% or more of. These transactions, otherwise prohibited by the Global Terrorism Sanctions Regulations and the Illicit Drug Trade Sanctions Regulations, are permitted until 12:01 a.m. eastern daylight time, May 14, 2026. Any payments to a blocked person must be made into a blocked account.
Source: Office of Foreign Assets Control — original document
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Note 1 to Paragraph (a). For purposes of this general license, the term ‘‘established U.S. entity’’ means any entity organized under the laws of the United States or any jurisdiction within the United States on or before January 29, 2025. Note 2 to Paragraph (a). Transactions authorized by paragraph (a) include conducting commercial, legal, technical, safety, and environmental due diligence and assessments ordinarily incident to the activity authorized in paragraph (a). Transactions authorized by paragraph (a) also include arranging shipping and logistics services, including chartering vessels, arranging security services, obtaining marine insurance and protection and indemnity (P&I) coverage, and arranging port and terminal services, including with port authorities or terminal operators that are part of the Government of Venezuela. (b) This general license does not authorize: (1) Payment terms that are not commercially reasonable, involve debt swaps or in-kind payments, or are denominated in digital currency, digital coin, or digital tokens issued by, for, or on behalf of the Government of Venezuela, including the petro; (2) Any transaction involving a person located in or organized under the laws of the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, or any entity that is owned or controlled, directly or indirectly, by or in a joint venture with such persons; (3) Any transaction involving an entity located in or organized under the laws of Venezuela or the United States that is owned or controlled, directly or indirectly, by or in a joint venture with a person located in or organized under the laws of the People’s Republic of China; (4) The unblocking of any property blocked pursuant to the VSR; (5) Any transaction involving a blocked vessel; or (6) Mining, exploration, production, or refining of gold in Venezuela or the formation of joint ventures or other entities in Venezuela to engage in the foregoing activities. (c) Any person that exports, reexports, sells, resells, purchases, or supplies Venezuelan-origin gold pursuant to this general license must provide a detailed report to Sanctions_inbox@state.gov and ofac_intake@doi.gov that identifies, for each of these transactions: (1) The parties involved; (2) Documentation demonstrating supply chain due diligence plans to determine the chain of custody of the gold; (3) Quantities, descriptions, and purchase prices of the gold; (4) The dates the transactions occurred; and (5) Any taxes, fees, or other payments provided to the Government of Venezuela. (d) Reports described in paragraph (c) are due ten days after the execution of the first of such transactions and every 30 days thereafter while such transactions are ongoing. Note to General License No. 51. 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. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: March 6, 2026. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–18569 Filed 9–10–26; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Parts 594 and 599 Publication of Global Terrorism Sanctions Regulations and Illicit Drug Trade Sanctions Regulations Web General License 35 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 Global Terrorism Sanctions Regulations and the Illicit Drug Trade Sanctions Regulations: GL 35. This GL was previously made available on OFAC’s website. DATES: GL 35 was issued on April 14, 2026. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; 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 April 14, 2026, OFAC issued GL 35 to authorize certain transactions otherwise prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594, and the Illicit Drug Trade Sanctions Regulations, 31 CFR part 599. GL 35 has an expiration date of May 14, 2026. GL 35 was made available on OFAC’s website (https:// ofac.treasury.gov) 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 Illicit Drug Trade Sanctions Regulations 31 CFR Part 599 GENERAL LICENSE NO. 35 Authorizing the Wind Down of Transactions Involving Entities Blocked on April 14, 2026 (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), or the Illicit Drug Trade Sanctions Regulations, 31 CFR part 599 (IDTSR), that are ordinarily incident and necessary to the wind down of any transaction involving the following entities are authorized through 12:01 a.m. eastern daylight time, May 14, 2026, provided that any payment to a blocked person is made into a blocked account in accordance with the IDTSR and GTSR: (1) Comercializadora y Arrendadora de Mexico, S.A. de C.V. (CAMSA); (2) Casino Centenario; (3) Diamante Casino; or (4) Any entity in which one or more of the above persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest. (b) This general license does not authorize any transactions otherwise prohibited by the GTSR or IDTSR, including transactions involving any person blocked pursuant to the GTSR or IDTSR 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: April 14, 2026. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–18563 Filed 9–10–26; 8:45 am] BILLING CODE 4810–AL–P
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