Treasury frees two planes from sanctions freezer
Published Date: 8/7/2026
Notice
Summary
The U.S. Treasury’s OFAC updated its sanctions list by unblocking one company and two aircraft, meaning their U.S. assets are now free to use. Meanwhile, they updated info on a person from Iraq who remains blocked, keeping their assets frozen. These changes took effect on August 5, 2026, impacting who can access money or property under U.S. rules.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
One Entity and Two Aircraft Unblocked
On August 5, 2026, OFAC removed one named entity and two aircraft from the Specially Designated Nationals and Blocked Persons (SDN) List, which means their property and interests in property subject to U.S. jurisdiction are unblocked and may be used in the United States. If you are the owner or a business dealing with that entity or those aircraft, U.S. restrictions that previously froze their U.S. assets were lifted on that date.
Al-Shabbani SDN Entry Updated — Assets Still Blocked
On August 5, 2026, OFAC updated the SDN List entry for Basheer Abdulkadhim Alwan Al-Shabbani (DOB 01 May 1986; nationality Iraq; Passport A14930891 expires 27 Jan 2027; alt. Passport A9836915 expires 19 Aug 2024; National ID AA2889593 expires 21 Oct 2026). His property and interests in property subject to U.S. jurisdiction continue to be blocked under Executive Order 13224 as amended.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
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.