END NOTES


END NOTES

 

OFAC Blocked Property Reminder 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of the current year by September 30.    

BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons.  Commerce Bureau Economic Analysis (BEA) call for comments on changes.   The BE-120 benchmark survey covers the universe of selected services and intellectual property transactions of U.S. companies with foreign persons and is BEA’s most comprehensive survey of such transactions.  Comments close August 15. [87 FR 36091].

 

License Exemptions and Exclusions BIS to identify areas where export licensing requirements may be relaxed without jeopardizing U.S. national security or foreign policy. [87 FR 36107]

 

FinCEN - ANPRM for No-Action Letter Process.  To solicit public comment on questions relating to the implementation of a no-action letter process at FinCEN. The addition of a no-action letter process at FinCEN could affect other forms of regulatory guidance and relief that FinCEN already offers, including administrative rulings and exceptive or exemptive relief.  [87 FR 34224]

 

Nicaragua Treasury's Office of Foreign Assets Control (OFAC) issued Nicaragua-related General License 3. OFAC is also publishing one related Frequently Asked Question and names have been added to the Specially Designated Nationals (SDN) list.

 

Iran OFAC is soliciting comments concerning their Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts [87 FR 36206].

 

North Korea (DPRK) White House issued Continuation of the National Emergency to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States constituted by the existence and risk of the proliferation of weapons-usable fissile material on the Korean Peninsula. [87 FR 36049]

 

Western Balkans (Albania, Bosnia, N. Macedonia)  White House issued Continuation of the National Emergency in the territory of the former Yugoslavia and the Republic of Albania (the Western Balkans) due to the undermining of post-war agreements and institutions following the breakup of Yugoslavia, as well as widespread corruption within various governments and institutions.  The order was initiated June 2001. [87 FR 36051]

 

License Exemptions and Exclusions BIS to identify areas where export licensing requirements may be relaxed without jeopardizing U.S. national security or foreign policy. [87 FR 36107]

 

Month / Volume / Number July 2022 - Vol 36, Num 7


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