OFACSanctions / OFACSeptember 30, 2026

OFAC Formally Publishes Transnational Criminal Organizations Sanctions General License 2

OFAC has formally incorporated General License 2 under the Transnational Criminal Organizations (TCO) Sanctions Regulations into the official CFR record; it was previously available only on OFAC's website. Compliance officers at firms with exposure to TCO-sanctioned parties — which can include certain cartel-linked financial networks — should review GL 2 to understand what transactions remain permissible. This is particularly relevant for MSBs and payment processors operating in or near corridors with known TCO activity.

What to do

Review the text of TCO Sanctions GL 2 and confirm your sanctions screening and transaction monitoring procedures accurately reflect its scope and any conditions or limitations it imposes.

Who this affects

Bank / Credit UnionMoney Services BusinessPayments CompanyCrypto ExchangeFintech / Neobank

Does this affect your program?

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Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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