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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Department and Agencies
Related Federal Register Documents
2026-15849, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons and vessels that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. The vessels placed on the SDN List have been identified as property in which a blocked person has an interest.
2026-15785, Notice of OFAC Sanctions Action
On July 30, 2026, OFAC lifted sanctions on Cagri Duransoy, unblocking his property and allowing normal dealings again. At the same time, OFAC added new people, like Xin Tang from China, to the sanctions list, freezing their U.S.-based assets and banning U.S. folks from doing business with them. These moves shake up who can and can’t access money or property under U.S. rules, effective immediately.
2026-15356, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
2026-15157, Notice of OFAC Sanctions Action
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
2026-15112, Updating Website and Contact Information, and Authorizations for Payments for Legal Services
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule to update website and contact information in certain parts of the Code of Federal Regulations (CFR). Additionally, OFAC is amending one CFR Part to update general licenses authorizing payments for legal services from funds originating outside the United States to replace the reporting requirement in the general license with a recordkeeping requirement and correcting typographical errors in two CFR Parts. OFAC is also updating its regulations to correct an erroneous cross-reference.
2026-14706, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just cleaned house! Some folks tied to Hong Kong sanctions got their names wiped off the blocked list, meaning their property is no longer frozen. Others stayed on but got moved to a different list with lighter restrictions, all because the emergency order ended on July 14, 2026.
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