Suspension of Certain Iranian Transactions and Sanctions Regulations General Licenses

Date issued: Aug. 24 2026

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TURBOFAC Commentary (96 words)

Notes:

1) See Iran General License BB, and comments thereto, and the GLs referenced in this notice. Note in addition that, now that these GLs generally aimed at benefitting ordinary non-blocked Iranians have been “suspended indefinitely,” non-U.S. persons engaging in transactions occurring outside of U.S. jurisdiction that would have been authorized by one or more of the GLs can no longer benefit from FAQ # 7 as a secondary sanctions safe harbor. This may be of particular concern in the remittance context, since substantially all Iranian banks are subject to secondary sanctions through EO 13902.