The U.S. Treasury's Office of Foreign Assets Control (OFAC) on Oct. 15 designated 16 Iran-related individuals and several entities, including Iraq International Development Investment and Finance Bank, Iran’s Chabahar International Offshore Bank, Jaz

2026-10-16

The U.S. Treasury's Office of Foreign Assets Control (OFAC) on Oct. 15 designated 16 Iran-related individuals and several entities, including Iraq International Development Investment and Finance Bank, Iran’s Chabahar International Offshore Bank, Jazireh International Bank and multiple currency-exchange firms. OFAC also designated Cuba International Commercial Bank (BICSA). OFAC issued two Russia-related general licenses authorizing transactions linked to Lukoil retail fuel stations outside Russia and certain Lukoil-related entities in Bulgaria, and an Iran-related general license permitting an orderly wind-down of transactions involving Iraq International Development Investment and Finance Bank.