31 CFR § 546.511 - Official business of certain international organizations and entities.

Date issued: Mar. 05 2024

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TURBOFAC Commentary (338 words)

Notes:

1) On 12-21-22, this GL was added to the regulations, along with over 20 other “Official business of certain international organizations and entities” GLs that were implemented in sanctions regulations that did not previously have the GL [1]. Refer to “Treasury Implements Historic Humanitarian Sanctions Exceptions” (Press Release) (https://home.treasury.gov/news/press-releases/jy1175).(“Treasury is issuing these GLs across sanctions programs that did not previously have humanitarian exceptions, implementing a new standardized baseline set of authorizations across OFAC-administered programs.”)

[1] See https://home.treasury.gov/system/files/126/usg_io_official_business_regulations_amendment.pdf

2) See general discussion of the “official business” licenses and exemptions at General Note on Exemptions and General Licenses for the “Official Business” of the U.S. Government (and/or United Nations) and Employees, Contractors, or Grantees Thereof. This provision is standard; there is no reason to believe that it is or...