OFAC FAQ (Current) # 1257 - Iran Sanctions

Date issued: Jun. 02 2026

TURBOFAC Commentary (138 words)

Notes:

See related designation notice at https://home.treasury.gov/news/press-releases/sb0519. The purpose of the FAQ appears to be signaling that there is some intent to impose secondary sanctions on non-U.S. persons for dealings involving the various digital asset exchanges sanctioned (including pursuant to the standard “material support” provision. Note that OFAC regards these entities as “Iranian financial institutions.” Accordingly, transactions involving these entities, which were blocked pursuant to the ITSR (560.211) and EO 13902, can qualify for Iran GL L (covering “transactions and activities that are authorized, exempt, or otherwise not prohibited under the [ITSR] involving Iranian financial institutions blocked pursuant to Executive Order (E.O.) 13902…including transactions and activities authorized by a general or specific license issued pursuant to the ITSR”). Consistent with FAQ # 7, transactions qualifying for GL L are presumptively not “sanctionable”.