Treasury Slaps Sanctions on More Ships and Scoundrels

2026-11896 — Notice of OFAC Sanctions Action

On June 10, 2026, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) blocked the property of certain people by adding them to a special sanctions list. This means U.S. folks can’t do business with these individuals, and any money or property they have under U.S. control is frozen. These actions help keep bad actors from using the U.S. financial system.

2026-11761 — Publication of the List of Medical Devices Requiring Specific Authorization for the North Korea Sanctions Regulations

Starting June 11, 2026, certain medical devices can’t be sent to North Korea without special permission from the U.S. Treasury. This new list affects exporters who now need to get specific approval before shipping these devices, helping keep sanctions strong while allowing some medical aid. If you’re in the business of sending medical gear, watch your paperwork and timing to avoid costly delays!

2026-11615 — Publication of Venezuela Sanctions Regulations Web General Licenses 5U and 5V

The Treasury Department just made official two important updates to Venezuela sanctions rules, called General Licenses 5U and 5V. These licenses let certain financial transactions involving Venezuela’s 2020 bonds happen legally starting March 20, 2026, replacing older rules. If you deal with Venezuelan bonds, these changes could impact your money moves and timing, so keep an eye on the new dates and permissions!

2026-11616 — Publication of Venezuela Sanctions Regulations Web General Licenses 48A and 49A

The U.S. Treasury just made official two updated licenses (48A and 49A) that let certain U.S. businesses provide goods and services related to Venezuela’s oil, gas, and electricity sectors, even though sanctions are in place. These changes help companies work with Venezuela’s government and its oil giant PdVSA under clear rules, starting from March 13, 2026. If you’re involved in these industries, this means new opportunities with some important contract and payment rules to follow.

2026-11614 — Publication of Iran-Related Web General Licenses U and V

The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL U and GL V. These licenses let certain transactions happen that are usually banned under U.S. sanctions, but both had set expiration dates in 2026. If you’re involved in business or finance connected to Iran, these licenses gave you a temporary green light to operate within specific rules.

2026-11601 — Publication of International Criminal Court-Related Sanctions Regulations Web General License 11

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.

Previous: 2025-04525 — Canadian National Railway Company and Grand Trunk Corporation -Control-Iowa Northern Railway Company (General Oversight)

Canadian National Railway and Grand Trunk Corporation now control Iowa Northern Railway’s 218-mile rail system in Iowa. Starting January 2025, they’ll be watched closely for three years to make sure they follow the rules and keep things running smoothly. They must regularly report on their service and operations to keep everyone in the loop.

Next: 2025-04527 — Approval of Subzone Status; Cummins Inc.; Irvine, Pennsylvania

Cummins Inc. in Irvine, Pennsylvania just got the green light to become a special subzone under Foreign-Trade Zone 247. This means they can enjoy some cool trade benefits like easier importing and exporting, all within a 530-acre limit. The approval happened on March 13, 2025, and it’s a big win for local business and trade efficiency!