80 FR 34053 - Cuban Assets Control Regulations; Terrorism List Governments Sanctions Regulations

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 80, Issue 114 (June 15, 2015)

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Terrorism List Governments Sanctions Regulations to replace the list of countries designated as supporting international terrorism with information on the availability of state sponsor of terrorism determination and rescission decisions in the Federal Register and the availability of a current list of state sponsors of terrorism maintained on the Web site of the Department of State. A conforming amendment is made to the Cuban Assets Control Regulations.

[Federal Register Volume 80, Number 114 (Monday, June 15, 2015)]
[Rules and Regulations]
[Pages 34053-34054]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-14459]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 515 and 596


Cuban Assets Control Regulations; Terrorism List Governments 
Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is amending the Terrorism List Governments Sanctions 
Regulations to replace the list of countries designated as supporting 
international terrorism with information on the availability of state 
sponsor of terrorism determination and rescission decisions in the 
Federal Register and the availability of a current list of state 
sponsors of terrorism maintained on the Web site of the Department of 
State. A conforming amendment is made to the Cuban Assets Control 
Regulations.

DATES: Effective: June 15, 2015.

[[Page 34054]]


FOR FURTHER INFORMATION CONTACT: Assistant Director for Licensing, 
tel.: 202/622-2480, Assistant Director for Policy, tel.: 202/622-6746, 
Assistant Director for Regulatory Affairs, tel.: 202/622-4855, 
Assistant Director for Sanctions Compliance & Evaluation, tel.: 202/
622-2490, Office of Foreign Assets Control, or Chief Counsel (Foreign 
Assets Control), tel.: 202/622-2410, Office of the General Counsel, 
Department of the Treasury (not toll free numbers).

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac). Certain general 
information pertaining to OFAC's sanctions programs also is available 
via facsimile through a 24-hour fax-on-demand service, tel.: 202/622-
0077.

Background

    Section 321 of the Antiterrorism and Effective Death Penalty Act of 
1996, 18 U.S.C. 2332d (the ``Act''), makes it a criminal offense for 
United States persons, except as provided in regulations issued by the 
Secretary of the Treasury, in consultation with the Secretary of State, 
to engage in financial transactions with the governments of countries 
designated under section 6(j) of the Export Administration Act of 1979, 
50 U.S.C. App. 2405(j) (the ``EAA''), as supporting international 
terrorism. To implement section 321 of the Act, OFAC promulgated the 
Terrorism List Governments Sanctions Regulations, 31 CFR part 596 (the 
``Regulations''), effective August 22, 1996. 61 FR 43462 (Aug. 23, 
1996).
    Section 596.201 of the Regulations provides that, except as 
authorized by regulations, orders, directives, rulings, instructions, 
licenses, or otherwise, no United States person, knowing or having 
reasonable cause to know that a country is designated under section 
6(j) of the EAA as a country supporting international terrorism, shall 
engage in a financial transaction with the government of such country. 
Since the promulgation of the Regulations, paragraph (b) of Sec.  
596.201 has listed those countries that are currently designated under 
section 6(j) (``state sponsors of terrorism'').
    Upon a determination that a country should be added to the list of 
state sponsors of terrorism, and also upon a rescission of such a 
determination, the State Department publishes the determination or 
rescission in the Federal Register and updates the list of State 
Sponsors of Terrorism on its Web site at http://www.state.gov/j/ct/list/c14151.htm. On May 28, 2015, the Secretary of State issued a 
Public Notice rescinding the designation of Cuba as a state sponsor of 
terrorism. 80 FR 31945 (June 4, 2015). OFAC is taking this opportunity 
to replace paragraph (b) of Sec.  596.201 with information regarding 
state sponsor of terrorism determinations and rescissions in the 
Federal Register and a reference to the current list of state sponsors 
of terrorism maintained on the Web site of the Department of State. A 
conforming amendment also is made to the authority citation for the 
Cuban Assets Control Regulations, 31 CFR part 515, by removing the 
reference to 18 U.S.C. 2332d.

Public Participation

    Because the Regulations involve a foreign affairs function, the 
provisions of Executive Order 12866 and the Administrative Procedure 
Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity 
for public participation, and delay in effective date are inapplicable. 
Because no notice of proposed rulemaking is required for this rule, the 
Regulatory Flexibility Act (5 U.S.C. 601-612) does not apply.

Paperwork Reduction Act

    The collections of information related to the Regulations are 
contained in 31 CFR part 501 (the ``Reporting, Procedures and Penalties 
Regulations''). Pursuant to the Paperwork Reduction Act of 1995 (44 
U.S.C. 3507), those collections of information have been approved by 
the Office of Management and Budget under control number 1505-0164. An 
agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless the collection of 
information displays a valid control number.

List of Subjects

31 CFR Part 515

    Administrative practice and procedure, Banking, Blocking of assets, 
Cuba, Remittances, Reporting and recordkeeping requirements, Travel 
restrictions.

31 CFR Part 596

    Administrative practice and procedure, Banks, Banking and finance, 
Penalties, Reporting and recordkeeping requirements, Terrorism, 
Transfer of assets.

    For the reasons set forth in the preamble, the Department of the 
Treasury's Office of Foreign Assets Control amends 31 CFR parts 515 and 
596 as set forth below:

PART 515--CUBAN ASSETS CONTROL REGULATIONS

0
1. The authority citation for part 515 is revised to read as follows:

    Authority:  22 U.S.C. 2370(a), 6001-6010, 7201-7211; 31 U.S.C. 
321(b); 50 U.S.C. App 1-44; Pub. L. 101-410, 104 Stat. 890 (28 
U.S.C. 2461 note); Pub. L. 104-114, 110 Stat. 785 (22 U.S.C. 6021-
6091); Pub. L. 105-277, 112 Stat. 2681; Pub. L. 111-8, 123 Stat. 
524; Pub. L. 111-117, 123 Stat. 3034; E.O. 9193, 7 FR 5205, 3 CFR, 
1938-1943 Comp., p. 1174; E.O. 9989, 13 FR 4891, 3 CFR, 1943-1948 
Comp., p. 748; Proc. 3447, 27 FR 1085, 3 CFR, 1959-1963 Comp., p. 
157; E.O. 12854, 58 FR 36587, 3 CFR, 1993 Comp., p. 614.

PART 596--TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS

0
2. The authority citation for part 596 continues to read as follows:

    Authority:  18 U.S.C. 2332d; 31 U.S.C. 321(b).

Subpart B--Prohibitions

0
3. Revise Sec.  596.201 to read as follows:


Sec.  596.201  Prohibited financial transactions.

    Except as authorized by regulations, orders, directives, rulings, 
instructions, licenses, or otherwise, no United States person, on or 
after the effective date, knowing or having reasonable cause to know 
that a country is designated under section 6(j) of the Export 
Administration Act, 50 U.S.C. App. 2405, as a country supporting 
international terrorism, shall engage in a financial transaction with 
the government of that country.
    Note to Sec.  596.201: The name of each country that has been 
designated under section 6(j) of the Export Administration Act, 50 
U.S.C. App. 2405, as a country supporting international terrorism is 
published in the Federal Register by the Department of State, and a 
complete list of countries currently so designated can be found via the 
Web site of the Department of State at http://www.state.gov/j/ct/.

John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2015-14459 Filed 6-12-15; 8:45 am]
 BILLING CODE 4810-AL-P