OFAC issues amended Iran General License FF-1 for wind-down of International Development Bank for Investment and Finance

Teaser: OFAC issued amended Iran General License FF-1, authorizing the wind down of transactions involving International Development Bank for Investment and Finance.

What's on the official record

On 29 October 2026, the Office of Foreign Assets Control (OFAC) published an action at https://ofac.treasury.gov/recent-actions/20261029 titled "Issuance of Amended Iran-related General License."

29 October — Iran General License FF-1. OFAC issued Iran General License FF-1, "Authorizing the Wind Down of Transactions Involving International Development Bank for Investment and Finance." The page cites no Executive Order and names no FAQ numbers. The page states no fixed or expiry date for the license.

Assessment

For a sanctions-or-trade-finance-committee, the record lets this reader check whether any exposure to International Development Bank for Investment and Finance falls within the wind-down authorization of Iran General License FF-1, and decide whether existing transactions require a wind-down plan or a specific-license application.

For an owner-or-operating-executive, the record lets this reader check whether any counterparty or account relationship touches International Development Bank for Investment and Finance, and decide whether to begin a documented wind-down before a lender or counterparty asks.

What would change this call

A subsequent OFAC action that revokes, replaces, or further amends Iran General License FF-1 — or that designates International Development Bank for Investment and Finance or related parties to the SDN List — would change this read.

What to check next

Check	Why
Full text of Iran General License FF-1 (PDF)	Confirm the exact scope, authorized parties, and any wind-down deadline the license text may state
SDN List status of International Development Bank for Investment and Finance	Determine whether the entity is blocked and whether the wind-down authorization is the operative relief
Prior Iran General License FF	Compare the amended FF-1 against the original to identify what changed
Any related OFAC FAQ	Confirm whether OFAC has issued guidance on the wind-down scope

Confidence

This note is drawn from the single OFAC recent-actions page for 29 October 2026. No other source was consulted.

Sources

[1] OFAC Recent Actions, "Amended Iran-related General License", 29 October 2026 — https://ofac.treasury.gov/recent-actions/20261029