June 10, 2016: OFAC updates 4 Kingpin Act General Licenses

On June 10th, OFAC released updated versions of General Licenses under the Kingpin Act – you can tell by the letter suffixes on the license number:

  • General License 1B – Wind Down Activities for Banco Continental
  • General License 4B – Individuals and Entities Located Panamanian Mall and Associated Complex
  • General License 5A – Panamanian Seizure of Balboa Bank & Trust
  • General License 6A – Panamanian Intervention in Balboa Securities Corp.
In conjunction with this, OFAC issued updated Frequently Asked Questions (FAQ).


OFAC Notice

General Licenses 1B, 4B, 5A6A

Updated FAQ

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