Treasury Blocks Two India-Based Individuals Over Iran-Linked Companies
Published Date: 11/9/2026
Notice
Summary
The U.S. Treasury’s OFAC just blocked two people from India, Ashwani Kumar Dhiman and Jaspreet Preeti Shahid, because they’re linked to companies involved with Iran. This means any money or property they have under U.S. control is frozen, and Americans can’t do business with them. The action started on November 4, 2026, so watch out for these new restrictions!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Named persons and firms blocked
On November 4, 2026, OFAC added specific individuals (including Ashwani Kumar Dhiman and Jaspreet Preeti Shahid) and multiple named companies to the Specially Designated Nationals (SDN) List. All property and interests in property of these listed persons that are subject to U.S. jurisdiction are blocked (frozen).
U.S. persons barred from dealing
The notice states that U.S. persons are generally prohibited from engaging in transactions with the listed individuals and entities. These prohibitions took effect with the action issued on November 4, 2026.
Secondary sanctions risk highlighted
For many of the listed entries the notice includes the phrase 'Secondary sanctions risk: See Section 2 of E.O. 13902,' indicating those persons may trigger secondary sanctions under Executive Order 13902. This status was published by OFAC on November 4, 2026.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-22802, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC updated its sanctions lists on November 4, 2026, adding new details about people and groups tied to Iran under the EO13902 program. These updates mean certain individuals and entities now face stricter financial restrictions, blocking their access to U.S. money and markets. If you’re involved with these names, watch out—these changes could impact your business or transactions immediately.
2026-21944, Notice of OFAC Sanctions Action
On July 14, 2026, OFAC blocked the property and interests of certain people and ships, including the Iranian vessels Arkanoor 2 and Arkanoor 3, because they’re linked to sanctioned companies. This means U.S. folks can’t do business with them, and any assets they have under U.S. control are frozen. These actions help keep the financial system safe and signal serious consequences for breaking the rules.
2026-21733, Notice of OFAC Sanctions Action
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.
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