OFACSanctions / OFACJune 10, 2026

OFAC Formally Publishes Two New Iran General Licenses (U and V)

OFAC has published Iran-related General Licenses U and V in the Federal Register, formalizing authorizations that were previously posted only on OFAC's website. These GLs define specific categories of transactions that are permitted notwithstanding Iran sanctions. All firms subject to Iran sanctions obligations — including crypto exchanges, payment processors, and banks — should review the scope of GLs U and V to understand what, if any, transactions are now explicitly authorized.

What to do

Review the full text of Iran General Licenses U and V, update your sanctions compliance policies to reflect the formally published authorizations, and ensure your transaction monitoring and screening systems are calibrated accordingly.

Who this affects

Crypto ExchangeCrypto CustodianMoney Services BusinessBank / Credit UnionPayments CompanyFintech / NeobankTrust 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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