Regulatory Alerts2026-09-10 | 20260910Added
Iran-related and Counter Terrorism Designations; Licensing Policy Update under Operation Economic Outcast; Settlement Agreement between OFAC and an Individual
OFAC modified its Iran-specific licensing policy to establish a presumption of denial for applications, except where required by law or involving risks to life, limb, or environmental safety. An individual agreed to pay $1,427,230 to settle civil liability for providing management consulting services to an Iranian software company, receiving Iranian-origin dividends, and acquiring real property in Iran. Thirteen individuals and five entities were added to the Specially Designated Nationals List, subjecting them to secondary sanctions risk under Executive Order 13224 or Executive Order 13902.
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