Opportunity
Federal Register #2026-20011
OFAC authorization for wind-down transactions involving CCU Commercial Bank Plc
Buyer
Treasury Department, Office of Foreign Assets Control
Posted
September 30, 2026
Identifier
2026-20011
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a regulatory authorization concerning CCU Commercial Bank Plc. - Government office: U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC). - Authorization: General License 2 permits certain transactions ordinarily incident and necessary to wind down transactions involving CCU Commercial Bank Plc or an entity it owns, directly or indirectly, at least 50 percent. - Important limitation: Payments to blocked persons must be made into a blocked account as required by the regulations. Other prohibited transactions—including transactions involving other blocked persons—are not authorized unless separately permitted. - Procurement status: This is a regulatory notice, not a procurement opportunity. No products, services, quantities, OEMs, or vendors are requested.
Description
The Department of the Treasury's Office of Foreign Assets Control is publishing General License 2 under the Transnational Criminal Organizations Sanctions Regulations, 31 CFR part 590. The license authorizes certain transactions otherwise prohibited by those regulations that are ordinarily incident and necessary to wind down transactions involving CCU Commercial Bank Plc or entities in which it owns a 50 percent or greater interest. Authorized wind-down transactions run through 12:01 a.m. Eastern Daylight Time on July 23, 2026, subject to the license's conditions, including requirements for payments to blocked persons. The license does not authorize other transactions prohibited by the regulations unless separately authorized.