Burma General License 6 - Authorizing the Wind Down of Transactions Involving Shwe Byain Phyu Group of Companies (January 31, 2024)

Date issued: Jan. 31 2024

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TURBOFAC Commentary (91 words)

Notes:

1) This is a standard wind-down general license, authorizing the processing of underlying transactions even if those underlying transactions do not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities.

2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. See in particular Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.