2026-11417NoticeWallet

Treasury Blacklists Iranian Businessman, Frees Others

Published Date: 6/8/2026

Notice

Summary

The U.S. Treasury’s OFAC just added Amir Hossein Rad from Iran to its sanctions blacklist, blocking all his U.S.-related property and banning Americans from doing business with him. At the same time, some folks got their names removed from the list, meaning their assets are now unblocked. These changes took effect on June 2, 2026, so watch out for new rules and restrictions that could impact money and deals fast!

Analyzed Economic Effects

3 provisions identified: 1 benefits, 2 costs, 0 mixed.

Listed Persons’ U.S. Property Blocked

On June 2, 2026, the Office of Foreign Assets Control (OFAC) added individuals (including Amir Hossein Rad, DOB 21 Mar 1986) and entities (including NOBITEX, WALLEX, BITPIN, and RAMZINEX) to the SDN List. All property and interests in property subject to U.S. jurisdiction of these listed persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

Certain Designees Subject to Secondary Sanctions

OFAC notes that some of the designated individuals and entities (for example, Amir Hossein Rad and NOBITEX) are labeled “Subject to Secondary Sanctions” under section 1(b) of Executive Order 13224 (as amended). That designation signals secondary sanctions risk tied to dealings with those designees.

Some Names Removed; Property Unblocked

OFAC also published that one or more persons have been removed from the SDN List and that their property and interests in property subject to U.S. jurisdiction have been unblocked, with the action issued on June 2, 2026.

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Key Dates

Effective Date
Published Date
6/2/2026
6/8/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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