US extends Iran general licence for winding down transactions with Iraq Development Bank

30 October 2026

US extends Iran general licence for winding down transactions with Iraq Development BankBlackMac/Shutterstock.com

The US Office of Foreign Assets Control has issued amended Iran general licence FF-1, authorising the wind down of transactions involving International Development Bank for Investment and Finance. The bank, a.k.a. Iraq Development Bank,...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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