On January 5, 2016, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published two Kingpin Act General Licenses: General License 3B, “Authorizing Certain Transactions and Activities to Wind Down Operations Involving La Estrella and El Siglo Newspapers”, and General License 4E, “Authorizing Certain Transactions involving the Panamanian Mall and Associated Complex, Soho Panama, S.A. (a.k.a. Soho Mall Panama).” 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.
