​Publication of Kingpin Act/Panama-related General Licenses; Update to Frequently Asked Questions Regarding Kingpin Act/Panama-related General Licenses

Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) published two Kingpin Act General Licenses, respectively: General License 5B, “Authorizing Certain Transactions and Activities Related to the Panamanian Government Seizure of Balboa Bank & Trust,” and General License 6B, “Authorizing Certain Transactions and Activities Related to the Intervention by the Superintendency of Securities Markets of Panama in Balboa Securities, Corp.”  These General Licenses authorize certain transactions and activities that would otherwise be prohibited pursuant to the Kingpin Act.  OFAC is also amending two Frequently Asked Questions.