UK issues interim necessities general licence for 5 Iranian entities
23 October 2025
The UK Office of Financial Sanctions Implementation has issued general licence INT/2025/7628424 (publication notice) which authorises 5 Iranian entities sanctioned under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 to make payments for:
- Remuneration, allowances and contractual/statutory redundancy payments to UK employees and directors.
- Pensions for UK employees and directors.
- Fees and other costs related to IT services.
- Fees and costs related to accountancy services for the designated person’s operations in the UK.
The Iranian entities are:
- Bank Melli; including Melli Bank PLC
- Bank Sederat Iran
- Bank Tejarat
- Persia International Bank plc
- Iran Insurance Company
Users of the GL must report any payments made during a calendar month to OFSI within 14 days after the end of that month. Users and other persons or relevant UK institutions are under a record keeping requirement. The licence expires at 23.59 (UK time) on 22 April 2026. All UK GLs are on our UK Licensing page.
