Regulatory Alerts2026-01-20 | 2026-00948Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 1
The Department of the Treasury’s Office of Foreign Assets Control published General License 1 to authorize the wind down of transactions involving specific blocked entities under the Transnational Criminal Organizations Sanctions Regulations. This license permits transactions ordinarily incident and necessary to winding down dealings with Prince Holding Group, Prince Bank Plc., Prince Huan Yu Real Estate Cambodia Group Co., Ltd., and their 50 percent or greater owned entities through November 13, 2025. The authorization requires that any payments to blocked persons be made into blocked accounts and explicitly excludes transactions involving other blocked persons or those prohibited by correspondent account directives.
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