OFAC Formally Publishes Two Iran Sanctions General Licenses (S & T)
OFAC has formally published in the Federal Register two general licenses — GLs S and T — under the Iranian Transactions and Sanctions Regulations that were previously available only on its website. Compliance teams should review the scope of these GLs to confirm whether any permitted activities apply to their operations and to update internal sanctions policies accordingly.
What to do
- Review the full text of Iran GLs S and T on OFAC's website, assess whether any transactions your firm processes may qualify for the authorizations provided, and update your Iran sanctions compliance procedures to reflect the formally published GL terms.
Who this affects
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Source
Read the official publicationThis radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.