OFAC sanctions Iran network and issues General License W
→Sanctions teams must screen May 1 Iran SDNs and check GL W coverage
Change
OFAC added Iran-related parties to the Specially Designated Nationals (SDN) List on May 1, 2026, issued General License W, published FAQ 1250, and released an Iran-specific alert.
Why it matters
Iran sanctions screening now includes new SDN entries and a General License W wind-down authority with defined limits. Iran-linked payments, trade finance, and maritime exposure require immediate blocked-versus-authorised treatment against the updated list.
Implications
- → Sanctions screening teams must add May 1 Iran SDN entries to active filters immediately — delayed screening creates blocked-property exposure on matched transactions.
- → Payments and trade-finance teams must verify General License W coverage before processing wind-down activity — transactions outside GL W scope remain blocked.
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Source
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