OFAC publishes licence authorising transactions with designated bank

Following the Honduran government’s decision earlier this month to liquidate Banco Continental S.A., a Honduran bank designated under US sanctions, and OFAC’s announcement that non-US persons would not be designated for engaging in transactions outside of US jurisdiction relating to that liquidation, OFAC has published a general licence authorising US persons and those within US jurisdiction to do the same...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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