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LICENSE No. IA-2013-303215-1
IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
LICENSE
(Granted under the authority of one or more of 22 U.S.C. §§ 2349aa-9, 8501-51, 8701-8785, 50 U.S.C. §§ 1601-51, 1701-06, Executive Orders 12957, 12959, 13059, 13599, and 13628, and 31 C.F.R. Parts 501 and 560.)
To: Citigroup, N.A.
201 South Biscayne Blvd., Suite 600
Miami, FL 33131
ATTN: Alba J Rovira-Paoli
UBS Wealth Management (Americas) Inc.
UBS Global Asset Management (Americas) Inc.,
1285 Avenue of the Americas
New York, NY 10019
Stanley Sporkin, Esq.
1130 Connecticut Avenue, N.W., Suite 500
Washington, D.C. 20036
1. Based upon the Order Entering Partial Final Judgment Pursuant to Fed. R. Civ. P 54(b), Directing Turnover of the Blocked Assets, Dismissal of Citibank...
Click the appropriate link below for access to this file.
Click the appropriate link below for access to this file.
This is a one-off, one-of-a-kind specific license insofar as it was issued to effect the unblocking of funds envisaged by 22 U.S.C. §8701, et seq. of the Iran Threat Reduction and Syria Human Rights Act (TRA), of which § 8772 refers explicitly to the blocked assets described in the specific license and makes them subject to turnover. Note that the judicial orders referred to in the specific license are included in the native PDF file.
1) UNUSUAL SPECIFIC LICENSE NOTWITHSTANDING A PROVISION THAT APPEARS TO STRIP OFAC OF JURISDICTION OVER THE FUND AT ISSUE
As it relates to the scope and operation of OFAC-administered sanctions laws, the license is notable for two reasons in particular. One is that it exists in the first place. 22 U.S.C. § 8772 of the