On October 15, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added 16 individuals and 11 entities to the Specially Designated Nationals and Blocked Persons List (SDN List) and issued new and amended general licenses and frequently asked questions. US banks and USD correspondent banks, US persons and foreign financial institutions dealing with International Development Bank, Chabahar International Bank or Jazireh International Bank, fuel suppliers and payment processors serving Lukoil retail service stations located outside of Russia, and counterparties of certain Lukoil entities in Bulgaria covered by the new Russia license title must immediately screen and block the new SDN names and any entity they own 50 percent or more, and report blocked property, or property of the designated persons that is in the United States or in the possession or control of US persons stays blocked, unlicensed transactions by US persons or within the United States are prohibited, and strict-liability civil penalties apply under IEEPA and 31 CFR part 501, with secondary-sanctions exposure where the SDN entries state it.
The October 15, 2026 recent action tags the Iran additions [IRAN-EO13902] and tags Banco Internacional de Comercio S.A. (BICSA) [CUBA-EO14404]. It also issues Iran-related General License FF, Russia-related General License 128D, Russia-related General License 130B, one new Cuba-related FAQ 1276, and one amended Russia-related FAQ 1225. That page gives the licenses and FAQs by title only. The block on the new names is immediate.
What names did OFAC add on October 15, 2026, and under which tags?
OFAC added 16 individuals and 10 Iran-related entities under [IRAN-EO13902], plus BICSA under [CUBA-EO14404].
Every individual entry carries "Additional Sanctions Information - Subject to Secondary Sanctions." Several are linked to Farab Soroush Afagh Qeshm Company or to the Qeshm and Tehran partnership companies also added as entities.
| Entity | Tag | Place and identifier on the page |
|---|---|---|
| International Development Bank for Investment and Finance (مصرف التنمية الدولي للاستثمار والتمويل) | [IRAN-EO13902] | Baghdad. SWIFT/BIC IDBQIQBA. Also "Iraq Development Bank." |
| Chabahar International Bank Overseas Company | [IRAN-EO13902] | Chabahar, Iran. Financial institution. Secondary-sanctions line on the entry. |
| Jazireh International Bank Company | [IRAN-EO13902] | Kish, Iran. Financial institution. Secondary-sanctions line on the entry. |
| Elitesphere Trading Co., Limited | [IRAN-EO13902] | Hong Kong. Business Registration Number 76961842. |
| Banco Internacional de Comercio S.A. (BICSA) | [CUBA-EO14404] | Havana. SWIFT/BIC BIDCCUHH. State-owned financial institution. |
Six more Iran entities sit on the same page: two exchange companies typed as other monetary intermediation, two Razavi-linked companies (Farzanegan Energy Pars and Tejarat Gostar Atlas Parsian Kish), and the Qeshm and Tehran partnership companies. The SDN section ends with "Unrelated Administrative List Changes: None."
What licenses and FAQs does the same page issue, by title?
The page names three general licenses and two FAQs and does not reproduce their operative paragraphs.
- Iran-related General License FF, "Authorizing the Wind Down of Transactions Involving International Development Bank for Investment and Finance."
- Russia-related General License 128D, "Authorizing Certain Transactions Involving Lukoil Retail Service Stations Located Outside of Russia."
- Russia-related General License 130B, "Authorizing Transactions Involving Certain Lukoil Entities in Bulgaria."
- One new Cuba-related FAQ 1276, and one amended Russia-related FAQ 1225.
The recent-actions text does not state an end date, a named Bulgarian company, a replaced prior license, or the operational terms of either FAQ.
Who must screen and block, and what sits outside a listed name?
US banks, USD correspondent banks and US persons must screen the 27 new names. Foreign financial institutions dealing with International Development Bank, Chabahar International Bank Overseas Company or Jazireh International Bank Company are in the same screen: the page names all three as financial institutions.
Under the OFAC 50 Percent Rule, an entity owned 50 percent or more in the aggregate by blocked persons is blocked even when unlisted. Fuel suppliers and payment processors for Lukoil retail service stations located outside of Russia, and counterparties of the certain Lukoil entities in Bulgaria named only in the General License 130B title, should read 128D and 130B before treating a payment as outside the block. A dealing the license text does not authorize stays prohibited. General License FF, by its title, covers International Development Bank for Investment and Finance and does not name the other two banks.
What follows if a dealing is not licensed?
Property of a designated person that is in the United States, or in the possession or control of a US person, is blocked and must be reported to OFAC. A transaction by a US person, or within the United States, is prohibited unless a license authorizes it. Civil penalties under IEEPA (50 U.S.C. 1701) and 31 CFR part 501 attach without intent. Where an SDN entry states "Additional Sanctions Information - Subject to Secondary Sanctions," a foreign financial institution takes that exposure under [IRAN-EO13902]. BICSA's entry does not carry that line. It carries [CUBA-EO14404], SWIFT BIDCCUHH, and a Havana address.
Continuous per-jurisdiction monitoring is how a screening team sees an SDN addition on the day OFAC posts it.
Reload the October 15, 2026 SDN delta, including the 50 percent test, before the next payment run. Report blocked property of the new names. Read General License FF, General License 128D, General License 130B, FAQ 1276 and FAQ 1225 before relying on a wind-down or a Lukoil payment. Do not treat a title on the recent-actions page as the license text.
