SUPPLEMENTARY INFORMATION:

Electronic Availability

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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 ( 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 ( printed 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.

91 FR 61763