OFAC Issues Iran General Licenses for Safe Transaction Wrap-Ups by September
Published Date: 9/11/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published two Iran-related licenses, GL CC and GL DD, letting certain blocked transactions be wrapped up safely by mid-September 2026. These licenses affect businesses and individuals dealing with specific Iranian entities, giving them a clear deadline to finish their transactions without penalties. It’s a smooth exit plan with no surprise costs, just a firm timeline to follow.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Temporary wind-down allowed for Golden Global
OFAC authorizes transactions that are normally blocked by Executive Order 13902 if they are only to wind down dealings with Golden Global Yatirim Bankasi Anonim Sirketi; Golden Global Varlik Kiralama Anonim Sirketi; Golden Global Portfoy Yonetimi Anonim Sirketi; or any entity 50% or more owned by them. These wind-down transactions are allowed only through 12:01 a.m. eastern daylight time, September 19, 2026, and any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States.
Short-term wind-down for certain Iran aviation payments
OFAC authorizes transactions ordinarily incident and necessary to wind down transactions previously allowed under parts of the Iranian Transactions and Sanctions Regulations, including 31 CFR 560.522 (overflight payments), 31 CFR 560.529 (bunkering and emergency repairs), and Iran General License J-1. These wind-down transactions are authorized only through 12:01 a.m. eastern daylight time, September 23, 2026, and require that any payment to a blocked person be made into a blocked, interest-bearing U.S. account in accordance with the ITSR.
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
2026-20683, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just updated its sanctions list on October 5, 2026. Some people had their blocked property unlocked and were removed from the blacklist, while others had their info updated but remain blocked. These changes affect who can access money or property under U.S. rules, so watch for the latest details if you’re involved.
2026-20526, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just updated its sanctions lists by unblocking some people and removing their names from the banned list. They also cleaned up duplicate entries and updated info on others who remain blocked. These changes affect individuals and entities tied to sanctions, with some unblocked as of July 27, 2026, meaning their assets are no longer frozen.
2026-20525, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the property of Faouzi Barika and others linked to Hamas, making it illegal for Americans to do business with them. This action, effective October 2, 2026, freezes their assets under U.S. law to stop support for terrorism. If you’re a U.S. person, watch out—any dealings with these folks are off-limits and could have serious consequences.
2026-20475, Notice of OFAC Sanctions Action
On October 1, 2026, the U.S. Treasury’s OFAC added new individuals and companies to its blacklist, freezing their U.S.-based assets. This means Americans can’t do business with these blocked parties, cutting off their access to U.S. money and markets. The move aims to tighten financial controls and protect U.S. interests.
2026-20425, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the property of Rafael Buenrostro Martin and others for their roles in illegal drug trade and terrorism. From September 29, 2026, Americans can’t do business with these folks, freezing their assets under U.S. law. This move aims to cut off their money flow and stop bad activities fast and firmly.
2026-20395, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked all property linked to A7 NETWORK, a criminal group operating in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. This means Americans can’t do business with them anymore, effective October 1, 2026. It’s a big move to stop shady international crime and protect U.S. interests.
Previous / Next Documents
Previous: 2026-18572, Publication of Venezuela Sanctions Regulations Web General Licenses 50A and 51A
The Treasury’s Office of Foreign Assets Control (OFAC) officially published two updated general licenses, 50A and 51A, that let certain companies do business related to Venezuela’s oil and gas sector despite sanctions. These licenses, effective since early 2026, replace older versions and allow specific transactions with Venezuelan entities under clear U.S. legal rules. If you’re involved in these sectors, these changes could impact your contracts and payments starting now.
Next: 2026-18583, Fisheries of the Exclusive Economic Zone Off Alaska; Blackspotted and Rougheye Rockfish in the Central Aleutian and Western Aleutian Districts of the Bering Sea and Aleutian Islands Management Area
Starting September 9, 2026, fishermen in the Central and Western Aleutian districts can’t keep blackspotted and rougheye rockfish because the catch limit for 2026 is reached or nearly reached. This temporary closure helps protect these fish and keeps the fishing fair for everyone. The rule lasts until December 31, 2026, and mainly affects those using certain fishing gear in the Bering Sea and Aleutian Islands area.