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OFAC issues General License No. 3 authorizing certain transactions involving Denizbank A.S.

09 October 2014

On October 6, 2014, the Office of Foreign Assets Control (OFAC) issued General License No. 3 authorizing transactions involving DenizBank A.S. (DenizBank) (and any entity in which DenizBank owns, directly or indirectly, a 50 percent or greater interest) that were otherwise prohibited by Directive 1 issued under Executive Order 13662, Blocking Property of Additional Persons Contributing to the Situation in Ukraine (E.O. 13662).

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