Treasury Freezes Panama-Based Individuals’ Assets Over Iran Sanctions Ties
Published Date: 10/26/2026
Notice
Summary
The U.S. Treasury’s OFAC just blocked two Panama-based individuals named Karnakis Kosmas and their related property because of ties to Iran sanctions. This means all their U.S.-connected assets are frozen, and Americans can’t do business with them. The action took effect on October 21, 2026, signaling a serious financial freeze for those involved.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Named Individuals and Entities Blocked; U.S. Persons Barred
On October 21, 2026, OFAC added five Panama-based individuals (KARNAKIS KOSMAS Ioanis; KARNAKIS KOSMAS Konstantinos; ORTEGA JONES Pedro; ORTEGA JONES Roberto; KARNAKIS KOSMAS Sofianos) and three entities (KARNAKIS AND KARNAKIS; ROXETTE MARITIME SHIPPING AND TRADING S.A.; AMIGOZ SINGAPORE PTE. LTD.) to the Specially Designated Nationals (SDN) List. 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.
Entities Designated for Petroleum/Petrochemical Activity
OFAC designated certain entities under E.O. 13902 for operating in Iran’s petroleum and petrochemical sectors, including KARNAKIS AND KARNAKIS (operating in petroleum and petrochemical sectors), ROXETTE MARITIME SHIPPING AND TRADING S.A. (petrochemical sector), and AMIGOZ SINGAPORE PTE. LTD. (petroleum sector). These entities' property and interests in property subject to U.S. jurisdiction are blocked as of October 21, 2026.
Nine Vessels Identified and Blocked
OFAC identified nine vessels as property in which blocked parties have an interest and treated them as blocked as of October 21, 2026. The listed vessels include ANEMOS; GLORIS; PRIDE; DESTINY; FLAMINGO 1; HARMONY; PRINCE; WHALES DIAMOND; and WHALES PEARL, each linked to designated entities (for example, linked to ROXETTE MARITIME SHIPPING AND TRADING S.A. or WHALES SHIPPING LINE LLC).
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-21423, Notice of OFAC Sanctions Actions
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2026-21398, Notice of OFAC Sanctions Action
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2026-21445, Notice of OFAC Sanctions Action
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The U.S. Treasury’s OFAC just removed Jorge Jesus Rodriguez Gomez from its sanctions list, meaning his property and money are no longer blocked by the U.S. government. This change took effect on October 14, 2026, freeing him from restrictions and allowing normal financial activities again. If you had dealings with him, this update could impact your transactions and money flow.
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The U.S. Treasury’s OFAC just took one person off their special sanctions list, meaning their property is no longer blocked by U.S. rules. This change affects Theint Win Htet from Burma and takes effect starting October 9, 2026. If you had money or business tied to her, you can now deal with it freely under U.S. law.
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