West Bank-related General License 1 - Authorizing the Wind Down of Transactions Involving Entities Blocked on November 18, 2024 (November 18, 2024)

Date issued: Nov. 18 2024

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TURBOFAC Commentary (73 words)

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.

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.