Regulatory Alerts2026-07-10 | 20260710_33Added · Updated
Iran-related and Counter Terrorism Designations; Issuance of Iran-related General License
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Iran General License Y, authorizing the wind down of transactions involving Smart Global Limited. OFAC also added eight individuals and six entities to the Specially Designated Nationals and Blocked Persons List for their links to Iranian financial networks and the Islamic Revolutionary Guard Corps. The designated parties are subject to asset blocking and secondary sanctions under Executive Orders 13902, 13876, and 13224.