[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Notices]
[Page 74835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30206]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Publication of a General License Related to the Foreign Narcotics 
Kingpin Sanctions Program

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice, Publication of a General License.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing a general license issued in the Foreign 
Narcotics Kingpin sanctions program.

DATES: Effective Date: October 21, 2015.

FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's 
Office of Foreign Assets Control: Assistant Director for Licensing, 
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, 
tel.: 202-622-2490; or the Department of the Treasury's Office of the 
Chief Counsel (Foreign Assets Control), Office of the General Counsel, 
tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac). Certain general 
information pertaining to OFAC's sanctions programs also is available 
via facsimile through a 24-hour fax-on-demand service, tel.: 202-622-
0077.

Background

    Recently OFAC issued a general license authorizing certain 
transactions and activities otherwise prohibited by the sanctions 
programs OFAC administers. At the time of issuance of the general 
license, OFAC made that license available on its Web site 
(www.treasury.gov/ofac). With this notice, OFAC is publishing the 
general license in the Federal Register. The general license contained 
in this Notice relates to the Foreign Narcotics Kingpin Sanctions 
Regulations, 31 CFR part 598.

General License No. 1

Authorizing Certain Transactions and Activities To Liquidate and Wind 
Down Banco Continental, S.A.

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities otherwise prohibited by the Foreign 
Narcotics Kingpin Sanctions Regulations, 31 CFR part 598, that are for 
the liquidation and wind down of the Honduran bank, Banco Continental, 
S.A., including transactions and activities related to the preparation 
and submission of bids to acquire the assets of Banco Continental, 
S.A., are authorized through 12:01 a.m. eastern daylight time, December 
12, 2015.
    (b) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to the Foreign 
Narcotics Kingpin Sanctions Regulations, 31 CFR part 598; or
    (2) Any transactions or dealings otherwise prohibited by any 
Executive order or any other part of 31 CFR Chapter V, or any 
transactions or dealings with any individual or entity other than Banco 
Continental, S.A. that is listed on the Office of Foreign Assets 
Control's List of Specially Designated Nationals or Blocked Persons or 
that otherwise constitutes a person whose property and interests in 
property are blocked.
    (c) U.S. persons participating in transactions authorized by this 
general license are required, within 10 business days after the 
liquidation and wind-down activities conclude, to file a report, 
including the parties involved, the type and scope of activities 
conducted, and the dates of the activities, with the Office of Foreign 
Assets Control, Licensing Division, U.S. Department of the Treasury, 
1500 Pennsylvania Avenue NW., Annex, Washington, DC 20220.

    Issued: October 21, 2015.
John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2015-30206 Filed 11-27-15; 8:45 am]
 BILLING CODE 4810-AL-P