OFAC renews 4 general licences

OFAC has renewed 4 of its general licences, which were due to expire in June & July this year. The general licences authorise transactions necessary for the winding down of Honduran entity Banco Continental SA (see previous blog) and a Panamanian mall (see previous blog), and the completion of a report on the sanctioned Panamanian entities Balboa Bank & Trust and Balboa Securities Corp (see previous blog).

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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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