10 Sep 2025
🚢New General License for Iranian Transactions and Sanctions Regulations
Publication of Iranian Transactions and Sanctions Regulations Web General License
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued in the Iran sanctions program: GL Q. This GL was previously made available on OFAC's website.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The regulation introduces a General License (GL Q) that permits specific transactions involving the blocked vessel M.V. Tinos I, thus allowing businesses to engage in limited activities (e.g., repairs, docking) that were previously prohibited under sanctions. This impacts compliance and operational strategies for affected industries.