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 SDN List, issued General License W for wind-downs and published FAQ 1250 with a Hormuz alert.
Why it matters
Iran sanctions screening now layers new SDN entries with General License W wind-down terms. Iran-linked payments, trade finance and maritime exposure require blocked-versus-authorised treatment ahead of the GL W expiry.
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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