Regulatory Alerts2026-05-01 | 20260501Iran-related Designations; Issuance of Iran-related General License and Frequently Asked Question; Publication of Iran-related OFAC Alert
The U.S. Department of the Treasury's Office of Foreign Assets Control issued General License W, FAQ 1250, and an OFAC Alert regarding sanctions risks at the Strait of Hormuz. OFAC designated multiple Iranian individuals, entities, and a vessel to the SDN List for facilitating Iran's illicit oil trade and shadow banking networks. These actions block property and interests in property of the listed persons and subject them to secondary sanctions under Executive Orders 13902 and 13846.
Share