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OFAC issues General License for personal remittances to Afghanistan

Under the Counter Terrorism sanctions program:

OFFICE OF FOREIGN ASSETS CONTROL

Global Terrorism Sanctions Regulations 31 CFR Part 594

Foreign Terrorist Organizations Sanctions Regulations 31 CFR Part 597

Executive Order 13224 of September 23, 2001
Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism, as Amended

GENERAL LICENSE NO. 16

Authorizing Noncommercial, Personal Remittances to Afghanistan

(a) Except as provided in paragraph (c) of this general license, all transactions involving the Taliban or the Haqqani Network, or any entity in which the Taliban or the Haqqani Network owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR), the Foreign Terrorist Organizations Sanctions Regulations, 31 CFR part 597 (FTOSR), or Executive Order (E.O.) 13224, as amended, that are ordinarily incident and necessary to the transfer of noncommercial, personal remittances to Afghanistan, including through Afghan depository institutions, are authorized.
Note to paragraph (a). Noncommercial, personal remittances do not include charitable donations of funds to or for the benefit of an entity or funds transfers for use in supporting or operating a business, including a family-owned business.

(b) Transferring institutions may rely on the originator of a funds transfer with regard to compliance with paragraph (a), provided that the transferring institution does not know or have reason to know that the funds transfer is not in compliance with paragraph (a).

(c) This general license does not authorize:

(1) Financial transfers to any blocked person described in paragraph (a) of this general license, other than for the purpose of effecting the payment of reasonable and customary taxes, fees, or other duties; or

(2) Any debit to an account on the books of a U.S. financial institution of any blocked person described in paragraph (a); or

(3) Any transactions or activities otherwise prohibited by the GTSR, the FTOSR, or any other part of 31 CFR chapter V, or E.O. 13224, as amended.

Note to General License No. 16. Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies.

Links:

OFAC Notice

Counter Terrorism General License 16

Categories: Afghanistan Sanctions Licenses OFAC Updates Taliban Taliban Sanctions Terrorism

eric9to5

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