Treasury Quietly Issued ICC Sanctions Wind-Down License
Published Date: 6/10/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 11, which lets certain people wrap up business with specific blocked individuals linked to the International Criminal Court sanctions. This special permission was active from December 18, 2025, until January 17, 2026, and required payments to be held in blocked U.S. accounts. If you dealt with Gocha Lordkipanidze, Erdenebalsuren Damdin, or their companies, this was your green light to finish up safely and legally.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Wind-down authorization for named blocked persons
If you dealt with Gocha Lordkipanidze, Erdenebalsuren Damdin, or any entity 50% or more owned by them, OFAC authorized transactions ordinarily incident and necessary to wind down those dealings from December 18, 2025 through 12:01 a.m. Eastern Standard Time on January 17, 2026, provided that any payment to a blocked person was placed into a blocked interest-bearing account located in the United States.
Exclusion: other blocked persons not authorized
GL 11 did not authorize transactions involving any person blocked under the International Criminal Court-Related Sanctions Regulations other than the specific persons named in the license. If you sought to wind down transactions with other blocked persons, GL 11 did not provide authorization.
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Related Federal Register Documents
2026-20683, Notice of OFAC Sanctions Actions
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