Yes. Transactions that are ordinarily incident and necessary to give effect to the activities authorized in General Licenses (GL) 14, GL 15, GL 16, GL 17, GL 18, GL 19, or GL 20, including clearing, settlement, and transfers through, to, or otherwise involving privately owned and state-owned Afghan depository institutions, are authorized pursuant to these GLs.
In addition, foreign financial institutions may engage in or facilitate transactions that would be authorized for U.S. persons under GLs 14, 15, 16, 17, 18, 19, or 20 without exposure to sanctions under 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.
Date Updated: February 25, 2022