31 CFR § 560.539 Official business of certain international organizations and entities (versions as of and prior to 12-21-22)

Date issued: Dec. 21 2022

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TURBOFAC Commentary (1969 words)

Notes to 560.539 as of 12-21-22

1) On 12-21-22, this GL was amended along with the addition of over 20 “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) The 12-21-22 version of the GL is much broader than the previous version, which was limited to the United Nations and contained exclusions that do not appear in the current version.

3) See general discussion of the “official business” licenses and exemptions at General Note on Exemptions...