TCO-GL-1
ExpiredAuthorizing the Wind Down of Transactions Involving Certain Persons Blocked on October 14, 2025
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Summary
This license authorizes all transactions prohibited by the Transnational Criminal Organizations Sanctions Regulations (TCOSR), 31 CFR part 590, that are ordinarily incident and necessary to the wind down of any transaction involving Prince Holding Group, Prince Bank Plc., Prince Huan Yu Real Estate Cambodia Group Co., Ltd, or any entity 50% or more owned by those persons. The authorization is time-limited and requires that any payment to a blocked person be made into a blocked account in accordance with the TCOSR. Transactions involving any other person blocked under the TCOSR are not covered unless separately authorized.
Authorized activities
- Wind down of transactions involving Prince Holding Group
- Wind down of transactions involving Prince Bank Plc.
- Wind down of transactions involving Prince Huan Yu Real Estate Cambodia Group Co., Ltd
- Wind down of transactions involving any entity 50% or more owned (directly or indirectly, individually or in aggregate) by the above persons
Conditions
Any payment to a blocked person must be made into a blocked account in accordance with the TCOSR. The license does not authorize transactions involving any person blocked under the TCOSR other than the specifically named blocked persons in paragraph (a), unless separately authorized.