GL-CC

Active

Authorizing the Wind Down of Transactions Involving Certain Persons Blocked on September 4, 2026

Status
Active
Program
IRAN
Effective
2026-09-04
Expires
2026-09-19

Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.

Summary

General License CC, issued under Executive Order 13902, authorizes transactions otherwise prohibited by E.O. 13902 that are ordinarily incident and necessary to the wind down of transactions involving three named Golden Global entities and any entity 50% or more owned by them. The authorization is time-limited and requires that any payment to a blocked person be made into a blocked, interest-bearing account in the United States. Transactions involving other persons blocked under E.O. 13902 are not covered unless separately authorized.

Authorized activities

  • Wind down of transactions involving Golden Global Yatirim Bankasi Anonim Sirketi
  • Wind down of transactions involving Golden Global Varlik Kiralama Anonim Sirketi
  • Wind down of transactions involving Golden Global Portfoy Yonetimi Anonim Sirketi
  • Wind down of transactions involving any entity 50% or more owned (directly or indirectly, individually or in aggregate) by one or more of the above listed persons

Conditions

Any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. The license does not authorize transactions involving any person blocked pursuant to E.O. 13902 other than the specifically listed blocked persons, unless separately authorized.

Read the official OFAC General License ↗