OFAC issues Iran-related designations, Cuba designation, and new and amended general licenses and FAQs

What's on the official record

Action date: 15 October 2026. Recent-actions path: https://ofac.treasury.gov/recent-actions/20261015.

15 October — Russia-related General Licenses. OFAC issued Russia-related General License 128D, "Authorizing Certain Transactions Involving Lukoil Retail Service Stations Located Outside of Russia," and Russia-related General License 130B, "Authorizing Transactions Involving Certain Lukoil Entities in Bulgaria." The page cites no Executive Order for these licenses.

15 October — Iran-related General License FF. OFAC issued Iran-related General License FF, "Authorizing the Wind Down of Transactions Involving International Development Bank for Investment and Finance." The page cites no Executive Order for this license.

15 October — Frequently Asked Questions. OFAC issued one new Cuba-related FAQ, FAQ 1276 (/faqs/1276), and one amended Russia-related FAQ, FAQ 1225 (/faqs/1225). The page cites no Executive Order for these FAQs.

15 October — SDN List additions, individuals. OFAC added 16 individuals to the SDN List under the Iran program, tag [IRAN-EO13902], citing Executive Order 13902: Azadeh Abdolalipur; Farzad Allahyar; Sadegh Bavi; Nazanin Borji; Seyyed Abbas Hosseini Parsa; Abolhasan Jalali; Milad Katebi; Mansureh Mirmohammadi; Zhila Mohammadi; Khaled Mohiesnejad; Ensiyeh Mullah Mohammadi; Soheil Najafzadeh; Sorush Najafzadeh; Sayyed Ruhollah Razavi; Amir Sabeti; and Fatemeh Vasighi Meraji.

15 October — SDN List additions, entities. OFAC added 10 entities to the SDN List under the Iran program, tag [IRAN-EO13902], citing Executive Order 13902: Abolhasan Jalali and Partners Exchange Company; Bavi and Partners Exchange Company; Chabahar International Bank Overseas Company; Elitesphere Trading Co., Limited; Farzanegan Energy Pars Company; International Development Bank for Investment and Finance; Jazireh International Bank Company; Seyyed Abbas Hosseini Parsa and Partners Qeshm General Partnership Company; Soheil and Sorush Najafzadeh and Partners Company; and Tejarat Gostar Atlas Parsian Kish Company.

15 October — Cuba designation. OFAC added one entity to the SDN List under the Cuba program, tag [CUBA-EO14404], citing Executive Order 14404: Banco Internacional de Comercio S.A. (a.k.a. "BICSA"), a financial institution and state-owned enterprise in Havana, Cuba.

15 October — Unrelated Administrative List Changes. None.

Assessment

For a sanctions or trade-finance committee, the record lets you check whether any counterparty, beneficiary, or intermediary in a payment chain matches the 16 Iran-program individuals or the 11 entities OFAC added on 15 October 2026, and whether any exposure touches the Cuba-program designation of Banco Internacional de Comercio S.A. (BICSA). The record also lets you decide whether to hold or enhance diligence on transactions involving the Lukoil retail service stations and Bulgaria entities covered by Russia-related GLs 128D and 130B, and on wind-down activity involving International Development Bank for Investment and Finance under Iran-related GL FF.

For an owner or operating executive, the record lets you check whether your business, suppliers, or customers appear among the newly designated Iran-program exchange houses, banks, and trading companies, or the Cuba-program bank BICSA. The record also lets you decide whether to stay in or exit any relationship that relies on the general licenses OFAC issued or amended on 15 October 2026, and to fix any screening gap before a buyer or lender checks.

What would change this call

A subsequent OFAC action that adds, removes, or amends any of the 16 individuals, 11 entities, or the general licenses and FAQs published on 15 October 2026 would change this call. A correction to the entity or individual counts on the recent-actions page would also change it.

What to check next

Confidence

Filed 25 October 2026 from the record dated 15 October 2026. All facts are drawn from the single OFAC recent-actions page at https://ofac.treasury.gov/recent-actions/20261015; no other source was consulted.

Sources

[1] OFAC Recent Actions, "Iran-related Designations; Cuba Designation; Issuance of New and Amended General Licenses and Frequently Asked Questions", 15 October 2026, https://ofac.treasury.gov/recent-actions/20261015.