| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published two Iran-related general licenses (GL AA and BB) to authorize wind-down activities. GL AA permits transactions involving La Nivernaise De Raffinage SAS and related entities until October 23, 2026, under Executive Order 13902. GL BB authorizes the wind-down of transactions previously permitted under specific Iran-related general licenses until September 8, 2026. These measures fall under sanctions regulations, not export control legislation. |
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Publication of Iran-Related Web General Licenses AA and BB
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published two Iran-related general licenses (GL AA and BB) to authorize wind-down activities. GL AA permits transactions involving La Nivernaise De Raffinage SAS and related entities until October 23, 2026, under Executive Order 13902. GL BB authorizes the wind-down of transactions previously permitted under specific Iran-related general licenses until September 8, 2026. These measures fall under sanctions regulations, not export control legislation. |
| Read full article → |
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