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[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]

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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.

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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superseded by GL N-1 effective June 17, 2022 (87 FR 47932).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
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