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Background

On September 4, 2026, OFAC issued GL CC to authorize certain transactions otherwise prohibited by Executive Order (E.O.) 13902 of January 10, 2020, “Imposing Sanctions With Respect to Additional Sectors of Iran” (85 FR 2003, January 14, 2020) that are ordinarily incident and necessary to the wind down of transactions involving certain entities through 12:01 a.m. eastern daylight time, September 19, 2026. On September 8, 2026, OFAC issued GL DD to authorize, through 12:01 a.m. eastern daylight time, September 23, 2026, certain transactions otherwise prohibited by the Iranian Transactions and Sanctions Regulations (ITSR), 31 CFR part 560, that are ordinarily incident and necessary to the wind down of transactions that were previously authorized by the general licenses listed in GL DD. These GLs were made available on OFAC's website ( ofac.treasury.gov) when they were issued. The text of these GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13902 of January 10, 2020

(“Imposing Sanctions With Respect to Additional Sectors of Iran”)

GENERAL LICENSE CC

Authorizing the Wind Down of Transactions Involving Certain Persons Blocked on September 4, 2026

(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order (E.O.) 13902 that are ordinarily incident and necessary to the wind down of any transaction involving one or more of the following blocked persons are authorized through 12:01 a.m. eastern daylight time, September 19, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States:

(1) Golden Global Yatirim Bankasi Anonim Sirketi;

(2) Golden Global Varlik Kiralama Anonim Sirketi;

(3) Golden Global Portfoy Yonetimi Anonim Sirketi; or

(4) Any entity in which one or more of the above persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest.

(b) This general license does not authorize any transactions otherwise prohibited by E.O. 13902, including transactions involving any person blocked pursuant to E.O. 13902 other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

Dated: September 4, 2026.

OFFICE OF FOREIGN ASSETS CONTROL

Iranian Transactions and Sanctions Regulations

31 CFR part 560

GENERAL LICENSE DD

Authorizing the Wind Down of Certain Civil Aviation-Related and Other Transactions Previously Authorized Under the Iranian Transactions and Sanctions Regulations

(a) Except as provided in paragraph (b), all transactions prohibited by the Iranian Transactions and Sanctions Regulations, 31 CFR part 560 (the ITSR), that are ordinarily incident and necessary to the wind down of any transaction previously authorized by one or more of the following general licenses are authorized through 12:01 a.m. eastern daylight time, September 23, 2026, provided that any payment to a blocked person is made into a blocked, interest-bearing account located in the United States in accordance with the ITSR:

(1) 31 CFR § 560.522 (“Allowable payments for overflights of Iranian airspace”);

(2) 31 CFR § 560.529 (“Bunkering and emergency repairs”); or

(3) Iran General License J-1 (“Authorizing the reexportation of certain civil aircraft to Iran on temporary sojourn and related transactions”).

(b) This general license does not authorize any other transactions or activities prohibited by any other Executive order or by any other part of 31 CFR chapter V, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

91 FR 57795