On October 1, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published a Determination Pursuant to Executive Order 13902 for the automotive and rail sectors of the Iranian economy, and posted the matching Specially Designated Nationals (SDN) List additions on its October 1, 2026 recent actions page. The same notice publishes an amended Iran-related FAQ 831.
US banks and money transmitters that clear payments touching Iranian automotive or rail counterparties, non-US exporters and trading houses of vehicle parts and heavy equipment selling into Iran, freight forwarders and marine insurers covering Iranian rail cargo, and global vehicle-parts suppliers with exposure to Iran Khodro, SAIPA, Pars Khodro, Zamyad or HEPCO must immediately screen the October 1, 2026 SDN additions, block any U.S.-nexus property of those persons, and stop new dealings with persons operating in the Iranian automotive and rail sectors identified under E.O. 13902, or US persons must block and report that property, non-US persons that engage in significant transactions with the designated persons face secondary sanctions, and IEEPA civil penalties apply to prohibited dealings.
What did OFAC add on October 1, 2026?
The determination identifies the automotive and rail sectors of the Iranian economy under Executive Order 13902, and the SDN update places the principal Iranian vehicle makers and the state railway on the list under the program tag IRAN-EO13902. Many of those entries carry the line "Additional Sanctions Information - Subject to Secondary Sanctions."
| Person added | Place named on the list | Program tag |
|---|---|---|
| Iran Khodro Company | Tehran | IRAN-EO13902 |
| SAIPA Iranian Automobile Manufacturing Company | Tehran | IRAN-EO13902 |
| Pars Khodro, Zamyad, Iran Khodro Diesel | Tehran | IRAN-EO13902 |
| Heavy Equipment Production Company (HEPCO) | Tehran and Arak | IRAN-EO13902 |
| Islamic Republic of Iran Railway Company | Tehran | IRAN-EO13902 |
| Raja Passenger Trains Company | Tehran | IRAN-EO13902 |
| Sherkat-e Rah Ahan-e Khamle-o-Naghle | Tehran | IRAN-EO13902 |
| Troy Trading Arac Parcalari Sanayi ve Ticaret Limited Sirketi | Istanbul | IRAN-EO13902 |
| Integrated Auto Parts LLC | Dubai | IRAN-EO13902 |
| PT Golden Motorcycle International | Jakarta | IRAN-EO13902 |
The same update adds Hong Kong firms Bonasol Group, Dominion Trading Group, East Concord Development, Hessenberg, KGT Trading, Meizi and Tanex Global Trading under IRAN-EO13902. Tech-Trade International Impex GmbH (Hilden, Germany, trade license HRB 82099), Silver Line Metal Trading LLC, Traco International FZE, Shanghai Ruimi and Fidar Foolad Radman are tagged IRAN-EO13871. A7 Network, a criminal organization with locations in Russia, Kyrgyzstan, Nigeria and Zimbabwe, is added under the transnational criminal organizations tag, separate from the sector determination.
Who is exposed beyond the named Iranian firms?
Exposure follows the payment path and the goods path. US banks and money transmitters that clear payments touching Iran Khodro, SAIPA, the Islamic Republic of Iran Railway Company, Raja Passenger Trains or a named intermediary must block any U.S.-nexus property. Non-US exporters and trading houses of vehicle parts and heavy equipment selling into Iran, including firms in Hong Kong, the UAE, Turkey and Indonesia, are in the secondary-sanctions population the new entries flag. Freight forwarders and marine insurers covering Iranian rail cargo, and global vehicle-parts suppliers with exposure to Iran Khodro, SAIPA, Pars Khodro, Zamyad or HEPCO, are in the same set.
Tech-Trade International Impex GmbH is linked to Esfahan's Mobarakeh Steel Company. An auto-only screen misses it and the IRAN-EO13871 individuals Mehnoosh Poursaraf Hamedani and Ramin Keshvardoust.
What must screening and payments change, and by when?
The action is immediate. There is no wind-down date on the October 1, 2026 notice. Load the new names, aliases and registration numbers before the next payment run.
- Add the October 1, 2026 SDN names and the aliases printed on the notice, including Iran Khodro, SAIPA, HEPCO, the Islamic Republic of Iran Railway Company and Raja Passenger Trains.
- Add the Hong Kong, UAE, Turkish, Indonesian, Chinese and German intermediaries named on the notice, with their registration numbers.
- Block any U.S.-nexus property of those persons and stop new dealings with persons operating in the Iranian automotive and rail sectors identified under E.O. 13902.
- Re-run open orders, letters of credit and freight cover against the new names before the next shipment or premium.
- Read the amended FAQ 831 against existing Iran-related procedures and record what the amendment changes in the written screening standard.
Continuous, per-jurisdiction monitoring of OFAC recent actions is what surfaces a sector determination on the day the list file changes.
What happens if a dealing continues?
US persons must block property of the designated persons and report it. Non-US persons that engage in significant transactions with them face secondary sanctions. Prohibited dealings are subject to civil penalties under the International Emergency Economic Powers Act (IEEPA). The October 1, 2026 notice does not state a dollar figure for those penalties, and it does not publish a general license that would authorize a continued shipment to the newly named automotive or rail persons.
Confirm whether any open counterparty, bank, forwarder or insurer matches a name on the October 1, 2026 SDN update, block any U.S.-nexus property, and brief sanctions and treasury on the E.O. 13902 automotive and rail determination. Obsidian keeps that official action and the names to screen in one place.
