Regulatory Alerts2026-06-23 | 20260623Transnational Criminal Organizations and Cuba Designations; Russia-Related Removals; TCO General License; OFAC-OFSI Comparative Overview
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added numerous individuals and entities to the Specially Designated Nationals List for their links to Transnational Criminal Organizations and the Cuban regime's revenue generation network. Concurrently, OFAC removed four Russian individuals from the SDN List and issued General License 2 to authorize the wind down of transactions involving CCU Commercial Bank Plc. Additionally, OFAC and the UK's Office of Financial Sanctions Implementation published joint guidance comparing key aspects of the U.S. and UK sanctions regimes to assist the private sector.
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