The Office of Foreign Assets Control (OFAC) has issued a new general licence under the Foreign Narcotics Kingpin Sanctions Regulations, 31 C.F.R. part 598, authorising certain transaction relating to the wind-down of the Honduran bank, Banco Continental, S.A. The bank was added to OFAC’s list of Specially Designated Nationals and Blocked Persons in October 2015 in … Continue Reading