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§ 525.510 Official business of certain international organizations and entities.
All transactions prohibited by this part that are for the conduct of the official business of the following entities by employees, grantees, or contractors thereof are authorized:
(a) The United Nations, including its Programmes, Funds, and Other Entities and Bodies, as well as its Specialized Agencies and Related Organizations;
(b) The International Centre for Settlement of Investment Disputes (ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(c) The African Development Bank Group, the Asian Development Bank, the European Bank for Reconstruction and Development, and the Inter-American Development Bank Group (IDB Group), including any fund entity administered or established by any of the foregoing;
(d) The International Committee of the Red Cross and the International Federation of Red Cross and Red Crescent Societies;
(e) International Development Law Organization (IDLO);
(f) The Association of Southeast Asian Nations (ASEAN);
(g) The Colombo Plan;
(h) The Consultative Group on International Agricultural Research (CGIAR) System Organization and the International Agricultural Research Centers supported by the CGIAR;
(i) The Extractive Industries Transparency Initiative (EITI); and
(j) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and Gavi, the Vaccine Alliance.
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 will be interpreted differently than its analogues in other sanctions programs, except insofar as (i) the non-UN entities listed in the GL may be program specific, and (ii) there may be a subsection (b) stating that "This section does not authorize funds transfers initiated or processed with knowledge or reason to know that the intended beneficiary of such transfers is a person blocked pursuant to this part, other than for the purpose of effecting the payment of taxes, fees, or import duties, or the purchase or receipt of permits, licenses, or public utility services." This GL does not have that limitation (compare e.g. 536.513), so we assume that there is no limitation on payments to blocked persons in connection with otherwise authorized activities).