PRINT
OFFICE OF FOREIGN ASSETS CONTROL
Syrian Sanctions Regulations 31 C.F.R. Part 542
GENERAL LICENSE NO. 20
Authorizing Transactions and Activities Necessary for Wind Down of Transactions with Emma Tel LLC
(a) Except as provided in paragraph (b) of this general license, all transactions and activities otherwise prohibited by the Syrian Sanctions Regulations, 31 C.F.R. Part 542 (SySR), that are ordinarily incident and necessary to the wind down of transactions involving, directly or indirectly, Emma Tel LLC or any entity in which Emma Tel LLC owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern standard time, December 30, 2020.
(b) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of 31 C.F.R. chapter V; or
(2) Any transactions or activities otherwise prohibited by the SySR, or any other part of 31 C.F.R. chapter V, or any transactions or activities with any blocked person other than the blocked person(s) described in paragraph (a) of this general license.
Andrea Gacki
Director
Office of Foreign Assets Control
Dated: September 30, 2020
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/sm1141.
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. (All general licenses for the wind down of pre-existing business activities.)
3) Read in conjunction with FAQ # 841, issued on the same day as this GL.