# 2026-00948: Treasury Gives Criminal-Tied Firms Deadline to Settle Affairs

2026-00948, Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 1, is a Federal Register rule from Treasury Department, Foreign Assets Control Office published 2026-01-20, effective 2025-10-14 (as of 2026-06-11).

- Canonical: https://policyrisk.com/federal-register/2026-00948
- As of: 2026-06-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00948
- Title: Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 1
- Type: Rule
- Agencies: Treasury Department; Foreign Assets Control Office
- Citation: 91 FR 2303
- Published: 2026-01-20
- Effective: 2025-10-14
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-11

## In one line

Treasury Gives Criminal-Tied Firms Deadline to Settle Affairs

## Summary

The Treasury Department is giving certain companies linked to transnational criminal groups a deadline to wrap up their business by November 13, 2025. This special permission lets folks finish transactions with these blocked groups safely, but only under strict rules. If you’re dealing with Prince Holding Group or its related companies, you’ve got a little time to settle up without breaking the law!

## Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Transnational Criminal Organizations Sanctions Regulations: GL 1. This GL was previously made available on OFAC's website.

## Effects PRIA read

- Temporary Wind‑Down Permission for Specific Entities: benefit, medium. If you are completing transactions with Prince Holding Group, Prince Bank Plc., Prince Huan Yu Real Estate Cambodia Group Co., Ltd, or any entity 50% or more owned by them, OFAC authorizes transactions ordinarily incident and necessary to wind down those transactions through 12:01 a.m. eastern stan…
- Payments Must Go Into Blocked Accounts: cost, low. Any payment to a blocked person under this wind‑down authorization must be made into a blocked account in accordance with the Transnational Criminal Organizations Sanctions Regulations (31 CFR part 590). If you make payments to the named blocked persons while winding down, you must route those paym…
- No Relief for Other Blocked Persons: cost, low. This general license does not authorize transactions involving any person blocked under the TCOSR other than the listed entities (Prince Holding Group; Prince Bank Plc.; Prince Huan Yu Real Estate Cambodia Group Co., Ltd; or entities 50%+ owned by them). Transactions with other blocked persons rema…

## Related documents

- [2026-20683](https://policyrisk.com/federal-register/2026-20683): Notice of OFAC Sanctions Actions, 2026-10-08
- [2026-20526](https://policyrisk.com/federal-register/2026-20526): Notice of OFAC Sanctions Actions, 2026-10-07
- [2026-20525](https://policyrisk.com/federal-register/2026-20525): Notice of OFAC Sanctions Action, 2026-10-07
- [2026-20475](https://policyrisk.com/federal-register/2026-20475): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20425](https://policyrisk.com/federal-register/2026-20425): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20395](https://policyrisk.com/federal-register/2026-20395): Notice of OFAC Sanctions Action, 2026-10-06

## Sources
- [2026-00948 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/20/2026-00948/publication-of-transnational-criminal-organizations-sanctions-regulations-web-general-license-1)
- [2026-00948 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-20/pdf/2026-00948.pdf)

## Related
- [Previous: 2026-00947, Publication of Russian Harmful Foreign Activities Sanctions Regulations Web Gen…](https://policyrisk.com/federal-register/2026-00947)
- [Next: 2026-00952, Publication of Russian Harmful Foreign Activities Sanctions Regulations Web Gen…](https://policyrisk.com/federal-register/2026-00952)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-00948 (as of 2026-06-11).