Rule · OFAC · 30 Sep 2026 · 2026-20011
General License 2 authorizes transactions prohibited by the Transnational Criminal Organizations Sanctions Regulations (31 CFR part 590) that are ordinarily incident and necessary to the wind down of any transaction involving CCU Commercial Bank Plc. or any entity in which CCU Bank owns, directly or indirectly, a 50 percent or greater interest. This authorization applies through 12:01 a.m. Eastern Daylight Time, July 23, 2026, provided that any payment to a blocked person is made into a blocked account in accordance with the regulations. The license explicitly does not authorize transactions involving any person blocked pursuant to the TCOSR other than the blocked persons described in paragraph (a) unless separately authorized.
DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 590 Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 2 AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Transnational Criminal Organizations Sanctions Regulations: GL 2. This GL was previously made available on OFAC’s website. DATES: GL 2 was issued on June 23, 2026. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On June 23, 2026, OFAC issued GL 2 to authorize certain transactions otherwise prohibited by the Transnational Criminal Organizations Sanctions Regulations, 31 CFR part 590. GL 2 was made available on OFAC’s website (https://ofac.treasury.gov) when it was issued. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Transnational Criminal Organizations Sanctions Regulations 31 CFR Part 590 GENERAL LICENSE NO. 2 Authorizing the Wind Down of Transactions Involving CCU Commercial Bank Plc. (a) Except as provided in paragraph (b) of this general license, all
transactions prohibited by the Transnational Criminal Organizations Sanctions Regulations, 31 CFR part 590 (TCOSR), that are ordinarily incident and necessary to the wind down of any transaction involving CCU Commercial Bank Plc. (CCU Bank), or any entity in which CCU Bank owns, directly or indirectly, a 50 percent or greater interest, through 12:01 a.m. eastern daylight time, July 23, 2026 are authorized, provided that any payment to a blocked person is made into a blocked account, in accordance with the TCOSR. (b) This general license does not authorize any transactions otherwise prohibited by the TCOSR, including transactions involving any person blocked pursuant to the TCOSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized. Ripley Quinby IV, Associate Director, Office of Foreign Assets Control. Dated: June 23, 2026. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–20011 Filed 9–29–26; 8:45 am] BILLING CODE 4810–AL–P
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from OFAC
OFAC published 23 documents in the last 30 days. We email you each new one the day it's published.
Source: Office of Foreign Assets Control — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated