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US adds Iran-linked individuals and entities to sanctions list

The US Treasury’s OFAC also issued new licences and updated guidance related to Russia, Iran and Cuba.

OFAC added 15 people and several Iran-linked entities, as well as Cuba’s Banco Internacional de Comercio S.A., to its SDN List. The agency also issued new general licences and updated FAQs.

Source: Управление по контролю за иностранными активами

The US Treasury Department building in Washington
The US Treasury Department, whose OFAC announced the new designations. Illustrative photo. Photo: Jackelberry / Pixabay, Pixabay Content License

The US Treasury Department’s Office of Foreign Assets Control (OFAC) added 15 individuals and several entities linked to Iran to its Specially Designated Nationals and Blocked Persons List. Cuba’s Banco Internacional de Comercio S.A. was also added.

OFAC issued Iran-related General License FF, authorizing the wind-down of transactions involving International Development Bank for Investment and Finance.

The agency also issued Russia-related General License 128D, authorizing certain transactions involving Lukoil retail service stations outside Russia, and General License 130B for transactions involving certain Lukoil entities in Bulgaria.

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OFAC published a new Cuba-related Frequently Asked Question, FAQ 1276, and amended Russia-related FAQ 1225.

Those added to the list include Azadeh Abdolalipur, Farzad Allahyar, Sadegh Bavi and Seyyed Abbas Hosseini Parsa. Several Iranian companies and financial institutions were also designated.

Source: Управление по контролю за иностранными активами

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