OFAC, the Office of Foreign Assets Control that runs US sanctions programmes, gazetted Iran-related General Licence CC and General Licence DD in the Federal Register on Friday 11 September 2026 as Document 2026-185761. The law firm Holland & Knight, reading the notice for clients, puts the expiry of General Licence CC at 00:01 Eastern time on Saturday 19 September and General Licence DD at 00:01 Eastern on Wednesday 23 September2. The 23 September date has not previously appeared in reporting.
A general licence is standing permission that nobody has to apply for, and a wind-down licence is the narrow version: a fixed period in which existing business may be closed out and nothing new begun. General Licence CC covers dealings with the three Golden Global institutions OFAC designated on 4 September over alleged transactions for the Revolutionary Guard's Quds Force. Golden Global Yatirim Bankasi denied the allegations to Turkey's disclosure platform the same evening, and the group's asset manager closed three funds to new subscriptions four days later.
General Licence DD covers aviation, and it permits only the settling up. It was issued on 8 September alongside the suspension of General Licence J-1, the standing carve-out that had let non-Iranian carriers pay to overfly Iran, take on fuel there and make emergency or temporary landings. A carrier holding an unpaid overflight invoice from before 8 September, a fuel bill from an Iranian airport, or an aircraft still on Iranian ground has until 23 September to clear it. Pay the same invoice on 24 September and it becomes a violation rather than a wind-down.
OFAC is retiring these exits on a published calendar rather than closing them in one stroke. OFAC adopted a presumption of denial for Iran licence applications on 10 September, so a counterparty that misses its window applies into a queue whose default answer is no.
