Treasury Department Publishes Iran-Related General Licenses

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The U.S. Department of the Treasury has published two important general licenses related to Iran. These licenses are called General License AA and General License BB. They were issued by the Office of Foreign Assets Control, also known as OFAC.

What Are General Licenses?

General licenses allow certain activities that are usually banned by sanctions. In this case, the licenses are related to Iran. These licenses were first available on OFAC’s website when they were issued.

General License AA

General License AA allows some activities that are usually not allowed. These are activities involving La Nivernaise De Raffinage SAS. This license is for transactions that need to be completed or wound down. It is also for keeping operations going. The activities must have been in place as of August 24, 2026. The license is valid until October 23, 2026.

General License BB

General License BB allows for winding down certain other transactions. These transactions were previously okay under other general licenses. The license is valid until September 8, 2026. Payments to blocked persons must go into special accounts in the United States.

Who Authorizes These Licenses?

Bradley T. Smith, the Director of the Office of Foreign Assets Control, authorized these licenses. The licenses were officially dated August 24, 2026.

Important Dates

  • General Licenses AA and BB were issued on August 24, 2026.
  • License AA is valid until October 23, 2026.
  • License BB is valid until September 8, 2026.

For more information, people can contact OFAC through their website.

This news impacts businesses and individuals involved with certain activities in Iran. It allows them to legally wind down operations or continue specific transactions for a limited time.


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This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.