OFAC FAQ (Current) # 34 - Blocking and Rejecting Transactions

Date issued: Oct. 26 2026

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TURBOFAC Commentary (65 words)

Notes:

[10-26-26 Update – FAQ amended with non-substantive clarifying amendments]

See e.g. 510.505 (substantially identical in over 20 different programs). The reference to Iraq was to the now-repealed comprehensive embargo on Iraq (part 575), not the current Iraq Stabilization and Insurgency Sanctions Regulations (part 576), for which there is a GL. See 576.505 (Entries in certain accounts for normal service charges authorized).