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OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 14115 of February 1, 2024 Imposing Certain Sanctions on Persons Undermining Peace, Security, and Stability in the West Bank
GENERAL LICENSE NO. 1
Authorizing the Wind Down of Transactions Involving Entities Blocked on November 18, 2024
(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order (E.O.) 14115 that are ordinarily incident and necessary to the wind down of any transaction involving Amana The Settlement Movement Of Gush Emunim Central Cooperative Association Ltd (Amana), Binyanei Bar Amana Ltd (BBA), or any entity in which Amana or BBA owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern standard time, January 10, 2025, provided that any payment to a blocked person must be made into...
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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.
2) With respect to the scope of the typical "wind-down" GL, consult the relevant portions of Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.