Counter Terrorism Designations; Issuance of Counter Terrorism General Licenses; Amendment of the Reporting, Procedures and Penalties Regulations and Issuance of Related Frequently Asked Question

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Counter Terrorism General License 30, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on October 7, 2024," and Counter Terrorism General License 31, "Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on October 7, 2024." Additionally, OFAC is amending the Reporting, Procedures and Penalties Regulations (RPPR). The RPPR sets forth standard reporting and recordkeeping requirements and license application and other procedures relevant to the economic sanctions programs administered by OFAC. This final rule adds three exceptions to the reporting requirement for any blocked property that is unblocked or transferred. OFAC is also issuing a new RPPR-related Frequently Asked Question (FAQ 1196). In addition, OFAC has updated its SDN List. Please visit the URL below to view this action