GL-131E

GL-131E is a reference number appearing in OFAC's 28 April 2026 press release sb0477, 'Economic Fury Targets Iran Shadow Banking Facilitators'. The action designated 35 entities and individuals across Iran's shadow banking network, citing Executive Orders 13902 and 13224 as the legal basis. The designation targets the architecture of front companies, money-changers, and financial intermediaries used to move Iranian funds outside the formal banking system and beyond dollar-rail visibility.

The sb0477 action used the framing of Economic warfare rather than targeted financial enforcement, the same rhetorical register Hegseth deployed in his HASC Posture Statement the following morning. GL-131E represents one designation element within that broader action. The sanctions architecture it sits within is designed to collapse the informal payment rails that allow Iran to export oil and receive payment without touching dollar-denominated correspondent banking.

The timing of sb0477, issued one day before the 29 April Hegseth filing, reflects a coordinated Treasury-Pentagon messaging cadence: Treasury struck the financial infrastructure while the Pentagon disclosed the war's cost and formalised its branding in the same 24-hour window.