GENERAL LICENSE FF-1

Authorizing the Wind Down of Transactions Involving International Development Bank for Investment and Finance

(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (ITSR), that are ordinarily incident and necessary to the wind down of any transaction involving International Development Bank for Investment and Finance, a.k.a. Iraq Development Bank (“Iraq Development Bank”), or any entity in which Iraq Development Bank owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern standard time, December 1, 2026, provided that any payment to a blocked person must be made into a blocked account in accordance with the ITSR.

(b) This general license does not authorize any transactions otherwise prohibited by the ITSR, including transactions involving any person blocked pursuant to the ITSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.

(c) Effective October 29, 2026, General License No. FF, dated October 15, 2026, is replaced and superseded in its entirety by this General License No. FF-1.

Bradley T. Smith
Director
Office of Foreign Assets Control

Dated: October 29, 2026

Lineage: No known changes

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Supersedes

General License dated 2026-10-15Not in RegAlert
“Effective October 29, 2026, General License No. FF, dated October 15, 2026, is replaced and superseded in its entirety by this General License No. FF-1.”