OFACSanctions / OFACSeptember 23, 2026

OFAC Formally Publishes Iran-Related General Licenses Y and Z

OFAC has published two Iran-related general licenses — GL Y and GL Z — in the Federal Register, formalizing authorizations previously posted on OFAC's website. Given that Iran sanctions are among the highest-risk programs for crypto and fintech firms, compliance officers should carefully review these GLs to understand what transactions are permitted and ensure their screening systems are calibrated accordingly.

What to do

Immediately review the full text of Iran GL Y and GL Z and assess whether any customer activity, transaction type, or product falls within the authorized scope, updating your Iran sanctions compliance procedures and SAR/blocking policies as needed.

Who this affects

Crypto ExchangeCrypto CustodianWallet ProviderMoney Services BusinessPayments CompanyFintech / NeobankBank / Credit UnionTrust CompanyBroker-Dealer / RIA

Does this affect your program?

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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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