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OFSI General Licence INT/2026/9491628 - Prince Group Insolvency

OFSI issued General Licence INT/2026/9491628 on 14 April 2026 under the Global Human Rights Sanctions Regulations 2020. The licence authorizes insolvency-related payments and activities connected with the Prince Group and their Subsidiaries, subject to specified conditions.

General Licence INT/2026/9491628 - Prince Group Insolvency Payments Under Global Human Rights Regulations

HM Treasury OFSI has issued General Licence INT/2026/9491628 under the Global Human Rights Sanctions Regulations 2020. The licence permits persons, designated parties (DPs), and subsidiaries of the Prince Group to carry out insolvency-related activities and permits relevant financial institutions to process associated payments, notwithstanding sanctions prohibitions in regulations 11-15. The licence names 15 designated persons including Prince Group Global Group Ltd, Cambodian entities, and individual DPs, and specifies that funds made available must ultimately be held in frozen accounts or treated as frozen resources.

Switzerland Adopts UN Security Council Taliban Sanctions Amendments

The UN Security Council Sanctions Committee has amended the list of individuals, companies, and organizations subject to sanctions in connection with the Taliban. Switzerland's SESAM database has been updated to reflect these changes. Under the Federal Council's Ordinance of March 4, 2016, UN Security Council sanctions lists are applied automatically in Switzerland without delay.

Iran Sanctions: 11 Added, 9 Removed from Annexes 12 and 14

SECO's Federal Department of Economic Affairs, Education and Research (EAER) amended Annexes 12 and 14 to the Ordinance on Measures against the Islamic Republic of Iran. Annex 12 had 8 entries removed and 5 amended. Annex 14 added 8 individuals and 3 entities, amended 6 entries, and removed 1 entry. The measures entered into force at 11 pm on 14 April 2026.

Venezuela General License 56, 57; SDN Removal; FAQ 1248; TSRA Quarterly Report

OFAC issued Venezuela General License 56 authorizing commercial-related negotiations of contingent contracts with the Government of Venezuela, and General License 57 authorizing financial services transactions involving certain Venezuelan banks and Government of Venezuela individuals. OFAC also removed one individual (MUNOZ PEDROZA, Reinaldo Enrique) from the Specially Designated Nationals List and published FAQ 1248. A TSRA Quarterly Report covering October-December 2025 licensing activities was also released.

Counter Narcotics, Counter Terrorism Designations; General Licenses and FAQ Issuance

OFAC designated three individuals and one entity linked to CARTEL DEL NORESTE under counter narcotics (EO 14059) and counter terrorism (EO 13224) authorities. The newly listed parties include Eduardo Javier Islas Valdez, Juan Pablo Penilla Rodriguez, Jesus Reymundo Ramos Vazquez, and Casino Centenario. OFAC simultaneously issued General License 35 authorizing a 30-day wind down of transactions involving the newly blocked entities.

Stablecoin AML/CFT and Sanctions Compliance Proposed Rule

FinCEN and OFAC have jointly issued a proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The rule would treat permitted payment stablecoin issuers (PPSIs) as financial institutions for Bank Secrecy Act purposes and require PPSIs to maintain effective sanctions compliance programs. Comments are due by June 9, 2026.

EU Expands Terrorist Sanctions Listing Criteria, Adds Travel Ban

The Council of the EU adopted Decision (CFSP) 2026/455 and Regulation (EU) 2026/456, expanding the scope of EU restrictive measures to combat terrorism. The amendments add travel bans for listed individuals and broaden listing criteria to include leading members of listed groups and entities involved in financing, training, or recruitment of terrorists. The periodic review concluded with all existing listings maintained unchanged.

EU Sanctions Eight Russians for Human Rights Violations and Repression

The Council of the EU imposed restrictive measures on eight individuals responsible for serious human rights violations, repression of civil society, and undermining democracy in Russia. The designations include judges, prosecutors, and penal colony administrators involved in politically motivated trials and detention of activists including Aleksei Gorinov and journalist Maria Ponomarenko. Listed individuals are subject to asset freezes and travel bans preventing entry or transit through EU territory.

EU Designates Islamic Revolutionary Guard Corps as Terrorist Organisation

The Council of the EU formally designated the Islamic Revolutionary Guard Corps (IRGC) of Iran on its terrorist list under Common Position 2001/931/CFSP. The designation triggers asset freezes and prohibits EU operators from making funds or economic resources available to the group. This brings the total to 13 persons and 23 groups and entities subject to EU counter-terrorism restrictive measures.