31 CFR § 597.509 - Transactions with entities under the control of the Palestinian President and certain other entities.

Date issued: May. 10 2006

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TURBOFAC Commentary (465 words)

Note Common to GTSR/FTOSR/TSR GL 4, 594.513, 595.511 and 597.509.

GTSR/FTOSR/TSR GL 4 remains on OFAC's website but was incorporated in the corresponding sanctions regulations at 594.512, 595.510 and 597.508.

These authorities have partially been made redundant by General License 7 (and 7a), which authorizes all transactions with the Palestinian Authority, which means "means the Palestinian Authority government of President Mahmoud Abbas and Prime Minister Salam Fayyad, or any successor Prime Minister appointed by President Abbas, including all branches, ministries, offices, and agencies (independent or otherwise)."

However, General License 7 (and 7a) do not include the Palestinian Legislative Council, in which FTO/SDGT/SDT Hamas still holds a majority of the seats. The individual ministers representing Hamas would presumably be subject to the financial institution-based...