GL-FF-1
ActiveAuthorizing the Wind Down of Transactions Involving International Development Bank for Investment and Finance
Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.
Summary
This license authorizes all transactions prohibited by the Iranian Transactions and Sanctions Regulations (ITSR), 31 CFR part 560, that are ordinarily incident and necessary to the wind down of any transaction involving International Development Bank for Investment and Finance (a.k.a. Iraq Development Bank), or any entity in which Iraq Development Bank owns a 50 percent or greater interest, directly or indirectly. The authorization is valid through 12:01 a.m. eastern standard time, December 1, 2026. Any payment to a blocked person must be made into a blocked account in accordance with the ITSR. This license replaces and supersedes General License No. FF, dated October 15, 2026.
Conditions
Payments to a blocked person must be made into a blocked account in accordance with the ITSR. The license does not authorize any transactions otherwise prohibited by the ITSR, including transactions involving any person blocked pursuant to the ITSR other than the blocked persons described in paragraph (a), unless separately authorized.
Read the official OFAC General License ↗
Go from reference to results
Screen your payments and customers against OFAC — and see when GL-FF-1 applies.
- Continuous monitoring, with alerts to email and Slack
- Audit-grade decisions with four-eyes review
- Reproducible list-version pinning