OFAC Sets Deadline to Wrap ICC Sanctions Transactions
Published Date: 9/23/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 12, letting people wrap up certain blocked transactions involving specific individuals by September 17, 2026. This means if you’re dealing with these folks or their companies, you have a limited time to finish up payments, which must be held in special U.S. accounts. The license was first issued on August 18, 2026, giving a clear deadline to avoid penalties.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Payments must go to U.S. blocked accounts
If you make a payment to one of the listed blocked persons during the wind-down period, any payment must be deposited into a blocked interest-bearing account located in the United States in accordance with the International Criminal Court-Related Sanctions Regulations. This condition applies for transactions authorized through 12:01 a.m. Eastern daylight time on September 17, 2026.
Temporary wind-down authorization for blocked persons
You are allowed to finish (wind down) transactions that involve Abdoulaye Seye, Tomoko Akane, or any entity 50 percent or more owned by them through 12:01 a.m. Eastern daylight time on September 17, 2026. This authorization was issued on August 18, 2026 and covers only transactions that are ordinarily incident and necessary to wind down those dealings.
No authorization for other blocked persons
This general license does not authorize any transactions involving persons blocked under the International Criminal Court-Related Sanctions Regulations other than Abdoulaye Seye, Tomoko Akane, or entities 50 percent or more owned by them. If you are dealing with other blocked persons, you do not have permission under GL 12 to wind down those transactions.
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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
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Next: 2026-19422, Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y
The Treasury’s Office of Foreign Assets Control (OFAC) published two updated licenses, 5X and 5Y, that let certain people legally deal with Venezuela’s 2020 8.5% bond starting August 4, 2026. These licenses replace older ones and open up new financial opportunities while keeping other sanctions in place. If you’re involved in Venezuela bond transactions, these changes could impact your business starting this summer.