Global Magnitsky General License 1A (Expired)- Authorizing Certain Activities Necessary to the Wind Down of Transactions Involving Ventspils Attistibas Agentura, Biznesa Attistibas Asociacija, and Latvijas Tranzita Biznesa Asociacija

Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.

Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).

Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category). Please contact [email protected] or [email protected] with any questions on search results and efficiency.

Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.

Notes:

1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g. FAQ 807), but not including authorizations for the "maintenance" of activities. See corresponding designation notice at https://home.treasury.gov/news/press-releases/sm849. See also Examples of Transactions Deemed to Be, and Not to Be, Within the Scope of the Standard “Wind-Down” and “Maintenance” GLs.

2) For general comments concerning ports and the scope of blocking regulations see Guiding Principles for Sanctions Issues Related to Shipping and Financial Products and July, 2015 letter to OFAC from the Clearing House Association L.L.C., and the Bankers Association of Finance and Trade re: Blocked Burmese Port, and comments thereto.

3) The was amended on 19 Dec. 2019 to account for the deletion from the list of "Ventspils Freeport Authority." See https://home.treasury.gov/news/press-releases/sm860.

*For expired/superseded versions of this GL, see https://home.treasury.gov/policy-issues/financial-sanctions/sanctions-programs-and-country-information/venezuela-related-sanctions/archive-of-revoked-and-expired-general-licenses. We note that while we have included some expired and/or revoked GLs in the research system as stand-alone searchable items, we avoid clutter by removing GLs once they have been superseded by amended versions.

Welcome!

Welcome!

Global Magnitsky General License 1A​ (Expired)- Authorizing Certain Activities Necessary to the Wind Down of Transactions Involving Ventspils Attistibas Agentura, Biznesa Attistibas Asociacija, and Latvijas Tranzita Biznesa Asociacija

TURBOFAC Commentary (214 words)

Global Magnitsky General License 1A (Expired)- Authorizing Certain Activities Necessary to the Wind Down of Transactions Involving Ventspils Attistibas Agentura, Biznesa Attistibas Asociacija, and Latvijas Tranzita Biznesa Asociacija