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OFACSanctions / OFACOctober 13, 2026

OFAC Publishes Updated Iran Sector Determination Under 2020 Executive Order

OFAC has formally published in the Federal Register a sector determination under the January 2020 Iran-related Executive Order, which authorizes broad secondary sanctions on designated sectors of the Iranian economy. Compliance officers should review the determination to confirm whether any newly covered sectors affect their customers, counterparties, or transaction flows. Crypto firms are particularly exposed given Iran's documented use of digital assets to evade sanctions.

What to do

  • Review the full OFAC sector determination text to identify any newly sanctioned Iranian sectors, then update your sanctions screening policies, customer risk ratings, and transaction monitoring rules accordingly.

Who this affects

Crypto ExchangeCrypto CustodianWallet ProviderMoney Services BusinessPayments CompanyFintech / NeobankBank / Credit UnionBroker-Dealer / RIATrust Company

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This 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.

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OFAC Updates SDN List: One Person Unblocked, Identifying Info Revised

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