January 5, 2016: OFAC extends 2 Kingpin Act General Licenses (one for the 4th time)

Yesterday, OFAC replaced 2 of the General Licenses under the Kingpin Act sanctions program with new versions with later expiration dates. General License 3B (replacing 3A) authorizes activities related to wind-down operations for two Panamanian newspapers, while 4E (replacing 4D) authorizes transactions with the tenants of two Panama retail complexes.

In a related action, OFAC updated the two Frequently Asked Questions corresponding to these licenses.

Links:

OFAC Notice

General License 3B

General License 4E

Kingpin Act FAQs

 

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