Treasury Department Final Rule

2026-20011: Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 2

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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.

The agency’s own summary, as published.

The rule, in full

408 words as published, September 30, 2026. View the original →

Federal Register, Volume 91 Issue 188 (Wednesday, September 30, 2026) [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 [www.gpo.gov] [FR Doc No: 2026-20011] ----------------------------------------------------------------------- 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 [[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

What this changes

Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.

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