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DEPARTMENT OF THE TREASURY
WASHINGTON, D.C.
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
1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities.
2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. See in particular Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.