Publication of Iran-Related Web General Licenses AA and BB

Issuing agencies

Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two Iran-related general licenses (GLs): GLs AA and BB, which were previously made available on OFAC's website upon issuance.

Full Text

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<title>Federal Register, Volume 91 Issue 165 (Thursday, August 27, 2026)</title>
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[Federal Register Volume 91, Number 165 (Thursday, August 27, 2026)]
[Rules and Regulations]
[Page 55265]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17491]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Chapter V


Publication of Iran-Related Web General Licenses AA and BB

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general licenses.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing two Iran-related general licenses (GLs): 
GLs AA and BB, which were previously made available on OFAC's website 
upon issuance.

DATES: GLs AA and BB were issued on August 24, 2026. See SUPPLEMENTARY 
INFORMATION for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Regulatory Affairs, 202-622-4855; or <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.

Background

    On August 24, 2026, OFAC issued GL AA 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, or maintenance 
of operations, involving certain entities through 12:01 a.m. eastern 
daylight time, October 23, 2026. OFAC also issued GL BB to authorize, 
through 12:01 a.m. eastern daylight time, September 8, 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 BB. These 
GLs were made available on OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) 
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 AA

Authorizing Certain Activities Involving La Nivernaise De Raffinage SAS

    (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, 
or the maintenance of operations, contracts, or other agreements in 
effect as of August 24, 2026, involving La Nivernaise De Raffinage SAS 
(``LNR''), or any entity in which LNR owns, directly or indirectly, a 
50 percent or greater interest, are authorized through 12:01 a.m. 
eastern daylight time, October 23, 2026.
    (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: August 24, 2026.

OFFICE OF FOREIGN ASSETS CONTROL

Iranian Transactions and Sanctions Regulations

31 CFR Part 560

GENERAL LICENSE BB

Authorizing the Wind Down of Certain 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 8, 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 560.544 (``Certain educational activities by U.S. 
persons in third countries authorized'');
    (2) 31 CFR 560.550 (``Certain noncommercial, personal remittances 
to or from Iran authorized'');
    (3) 31 CFR 560.554 (``Importation and exportation of services 
related to conferences in the United States or third countries 
authorized'');
    (4) Iran General License F (``Authorizing certain services in 
support of professional and amateur sports activities and exchanges 
involving the United States and Iran''); or
    (5) Iran General License G (``Certain academic exchanges and the 
exportation or importation of certain educational services 
authorized'').
    (b) This general license does not authorize any other transactions 
or activities prohibited by the ITSR, any other Executive order, or any 
other part of 31 CFR chapter V, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: August 24, 2026.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2026-17491 Filed 8-26-26; 8:45 am]
BILLING CODE 4810-AL-P


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