In short
- OFAC issued Iran-related General License EE and Russia-related General License 13S, both announced on 8 October 2026.
- OFAC deleted two vessels, HAKUNA MATATA (IMO 9354167) and PINOCCHIO (IMO 9400112), from its SDN List on 8 October 2026.
What happened
OFAC updated its SDN List on 8 October 2026, adding numerous individuals, entities, and vessels linked to Iran and Russia-related sanctions. Entities such as SAMUDRA MARINE SERVICES PRIVATE LIMITED and NOORZAD PETROKIMYA URUNLERI NAKLIYE SANAYI VE TICARET LIMITED SIRKETI, as well as vessels like ARGO MARIS (IMO 9041643), were newly designated.
OFAC also issued Iran-related General License EE, authorizing the wind down of transactions involving Samudra Marine Services Private Limited, and Russia-related General License 13S, authorizing certain administrative transactions prohibited by Directive 4 under Executive Order 14024. Two vessels, HAKUNA MATATA and PINOCCHIO, were removed from the SDN List.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Iran-related General License EE, "Authorizing the Wind Down of Transactions Involving Samudra Marine Services Private Limited.
In numbers
- IMO 9354167 HAKUNA MATATA vessel registration identification
Designated in this action
Organization, regulator US — —
What compliance teams should check
- Screen all clients and counterparties against the updated OFAC SDN List as of 8 October 2026, including new entries such as SAMUDRA MARINE SERVICES PRIVATE LIMITED and NOORZAD PETROKIMYA URUNLERI NAKLIYE SANAYI VE TICARET LIMITED SIRKETI.
- Review and apply Iran-related General License EE for any wind-down transactions involving Samudra Marine Services Private Limited.
- Update vessel screening protocols to reflect the addition of ARGO MARIS (IMO 9041643) and the removal of HAKUNA MATATA (IMO 9354167) and PINOCCHIO (IMO 9400112) from the SDN List.
Why it matters
OFAC's actions on 8 October 2026 significantly expand the scope of Iran and Russia-related sanctions, affecting a wide range of entities, individuals, and vessels. Compliance officers must promptly update screening systems and internal controls to ensure no prohibited transactions occur with newly designated parties. The issuance of General Licenses EE and 13S provides specific authorizations that must be carefully interpreted and applied, especially for wind-down activities and administrative transactions. Failure to comply with these updates could result in regulatory penalties and reputational risk.
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