Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 2

Issuing agencies

Abstract

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.

Full Text

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<title>Federal Register, Volume 91 Issue 188 (Wednesday, September 30, 2026)</title>
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[Federal Register Volume 91, Number 188 (Wednesday, September 30, 2026)]
[Rules and Regulations]
[Pages 61763-61764]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20011]


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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.

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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 <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.

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 (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) 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

[[Page 61764]]

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


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