OFAC authorizes drinking water transactions for a sanctioned company under cyber sanctions rules
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The Treasury Department’s Office of Foreign Assets Control (OFAC) published General License No. 2 on April 23, 2026. This document officially makes public an authorization that was already in effect online. It allows certain financial and trade activities involving Anco Water Supply Co. Ltd. that are otherwise banned under federal cyber-related sanctions.
Why it matters: This action clarifies compliance requirements for businesses and financial institutions that need to process payments or move goods for basic water services in sanctioned jurisdictions. It ensures that critical humanitarian infrastructure can function without violating broader national security sanctions related to cyber activities.
Who it affects
- Financial institutions processing international transfers involving Anco Water Supply Co. Ltd.
This rule was issued by the Office of Foreign Assets Control within the Treasury Department; you should verify the full text and any updates at OFAC’s website before relying on this summary for legal or business decisions.
Agency: Treasury Department, Foreign Assets Control Office
Source: Federal Register — read the official document