# 2026-19424: Treasury Publishes Now-Expired Iran Sanctions Get-Out-of-Jail-Free Licenses

2026-19424, Publication of Iran-Related Web General Licenses Y and Z, is a Federal Register rule from Treasury Department, Foreign Assets Control Office published 2026-09-23, effective 2026-07-10; PRIA reads it as touching household money (as of 2026-09-30).

- Canonical: https://policyrisk.com/federal-register/2026-19424
- As of: 2026-09-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-19424
- Title: Publication of Iran-Related Web General Licenses Y and Z
- Type: Rule
- Agencies: Treasury Department; Foreign Assets Control Office
- Citation: 91 FR 60304
- Published: 2026-09-23
- Effective: 2026-07-10
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-30

## In one line

Treasury Publishes Now-Expired Iran Sanctions Get-Out-of-Jail-Free Licenses

## Summary

The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL Y and GL Z. These licenses let certain transactions happen that were otherwise blocked by sanctions, but both expired recently—GL Y on August 9, 2026, and GL Z on September 12, 2026. If you were dealing with Smart Global Limited or related entities, these licenses gave you a limited time to wrap up business without penalties.

## Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two Iran-related general licenses (GLs): GLs Y and Z. These GLs were previously made available on OFAC's website.

## Effects PRIA read

- Wind-down authorization for Smart Global: benefit, low. If you did business with Smart Global Limited, General License Y (issued July 10, 2026) allowed transactions ordinarily incident and necessary to wind down those dealings through 12:01 a.m. Eastern daylight time on August 9, 2026. Any payment to a blocked person under this license had to be deposit…
- Temporary authorizations for listed vessels and persons: benefit, medium. General License Z (issued July 14, 2026) allowed, through 12:01 a.m. Eastern daylight time on September 12, 2026, transactions ordinarily incident and necessary to wind down financial transactions, to safely dock/anchor and depart ports (excluding ports in or under control of Iran or the Russian Fe…
- Limits on new contracts and Iran-related transactions: cost, medium. General License Z does not authorize entry into any new commercial contracts involving the property or interests of any blocked persons, and it does not authorize transactions or activities prohibited by E.O. 13902 or by other Executive Orders or parts of 31 CFR chapter V, including transactions in…

## Related documents

- [2026-20683](https://policyrisk.com/federal-register/2026-20683): Notice of OFAC Sanctions Actions, 2026-10-08
- [2026-20526](https://policyrisk.com/federal-register/2026-20526): Notice of OFAC Sanctions Actions, 2026-10-07
- [2026-20525](https://policyrisk.com/federal-register/2026-20525): Notice of OFAC Sanctions Action, 2026-10-07
- [2026-20475](https://policyrisk.com/federal-register/2026-20475): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20425](https://policyrisk.com/federal-register/2026-20425): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20395](https://policyrisk.com/federal-register/2026-20395): Notice of OFAC Sanctions Action, 2026-10-06

## Sources
- [2026-19424 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/23/2026-19424/publication-of-iran-related-web-general-licenses-y-and-z)
- [2026-19424 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-23/pdf/2026-19424.pdf)

## Related
- [Previous: 2026-19423, Publication of the Democratic Republic of the Congo Sanctions Regulations Web G…](https://policyrisk.com/federal-register/2026-19423)
- [Next: 2026-19428, Safety Zone; Brandon Road Lock and Dam to Lake Michigan Including Des Plaines R…](https://policyrisk.com/federal-register/2026-19428)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-19424 (as of 2026-09-30).