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In addition, the Department of the Treasury's Office of Foreign Assets Control (OFAC) is removing “Zimbabwe General License 1” from the Zimbabwe page of its website. OFAC issued Zimbabwe General License 1 on April 24, 2013 pursuant to the Zimbabwe Sanctions Regulations, 31 C.F.R. Part 541 and Executive Orders 13288, 13391, and 13469. Zimbabwe General License 1 authorized all transactions involving Agricultural Development Bank of Zimbabwe (Agribank) and Infrastructure Development Bank of Zimbabwe (IDBZ). Following today’s removal of Agribank and IDBZ from the List of Specially Designated Nationals and Blocked Persons, a license is no longer required to engage in transactions with those entities.
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