This update concerns OFAC sanctions list removals for Turkish entities and individuals, which falls outside the payments compliance taxonomy as it addresses geopolitical sanctions enforcement rather than payment services regulation.
While sanctions compliance affects payment institutions indirectly, this update does not target a specific payment service provider, EMI, bank, or PSP and lacks payment-specific regulatory content.
Specialism
The update explicitly concerns OFAC removing entities from the SDN List under Russia-related sanctions, directly addressing sanctions compliance and transaction restrictions for payment firms.
Low confidence — requires human review. While the removal affects transaction compliance, the update is primarily a sanctions list change rather than a specific regulatory reporting or supervision mandate.
2026-06-29 15:25:48·pdonofrio@vixio.com
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TITLE: United States Office of Foreign Assets Control Removes Russia-Related Designations from Sanctions List
BODY:
On June 29, 2026, the Office of Foreign Assets Control (OFAC) removed seven entities and individuals from its Specially Designated Nationals (SDN) List in connection with Russia-related sanctions under Executive Order 14024.
The removals included five Turkish companies and two Turkish individuals. The companies removed were Megasan Elektronik Ticaret ve Sanayi Anonim Sirketi, based in Istanbul; SSGCTM CNC Takim Tezgahlari Makine Sanayi ve Ticaret Limited Sirketi, located in Konya; Minyon Kesici Takimlar Makine Sanayi ve Ticaret Limited Sirketi, also in Konya; Hidropark Hidrolik Pnomatik San ve Tic Ltd Sti, based in Istanbul; and AYTT CNC Takim Tezgahlari Makine Sanayi ve Ticaret Limited Sirketi (also known as AYTT CNC Machine Tools San Trade Ltd Sti), located in Konya. The individuals removed were Recep Cetin Aydin and Gurhan Aydin, both from Konya. All entities and individuals were designated under Section 11 of Executive Order 14024, which addresses secondary sanctions risks related to Russia.
The removals affect entities and individuals previously subject to sanctions restrictions, meaning U.S. persons and entities may now engage in transactions with these designees, subject to other applicable laws and regulations. OFAC maintains the SDN List as a primary sanctions enforcement tool, and updates to the list are published regularly on OFAC's website. Entities and individuals should verify current designations before conducting transactions to ensure compliance with applicable sanctions regulations.
Russia-related Designations Removals | Office of Foreign Assets Control Skip to main content The .gov means it’s official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site. The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Enter Search Term(s): Specially Designated Nationals List (SDN List) Consolidated Sanctions List (Non-SDN Lists) Additional Sanctions Lists Search OFAC's Sanctions Lists Sanctions Programs and Country Information Recent Actions OFAC License Application Page Additional OFAC Resources Frequently Asked Questions Civil Penalties and Enforcement Information OFAC Reporting System Selected General Licenses Issued by OFAC Contact OFAC Russia-related Designations Removals Release Date 06/29/2026 Recent Actions Body Specially Designated Nationals List Update The following deletions have been made to OFAC's SDN List: MEGASAN ELEKTRONIK TICARET VE SANAYI ANONIM SIRKETI, One Block Umraniye Blok, No:16-72 Fatih Sultan Mahallesi, Istanbul 34771, Turkey; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Tax ID No. 6130759760 (Turkey); Business Registration Number 361943 (Turkey) [RUSSIA-EO14024]. SSGCTM CNC TAKIM TEZGAHLARI MAKINE SANAYI VE TICARET LIMITED SIRKETI, 17 P Fevzicakmak Mahallesi, Konya, Turkey; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 30 Dec 2022; Tax ID No. 7811027471 (Turkey); Business Registration Number 66182 (Turkey) [RUSSIA-EO14024]. MINYON KESICI TAKIMLAR MAKINE SANAYI VE TICARET LIMITED SIRKETI, 17/P Fevzi Cakmak Mahallesi, Konya 42050, Turkey; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 11 Jan 2017; Tax ID No. 1230499319 (Turkey); Business Registration Number 50623 (Turkey) [RUSSIA-EO14024]. HIDROPARK HIDROLIK PNOMATIK SAN VE TIC LTD STI, Mescit Mah. Ataturk Cad. Birmes San Sit B 10 Blok No. 12, Istanbul 34956, Turkey; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 16 Dec 2009; Business Registration Number 718052 (Turkey) [RUSSIA-EO14024]. AYTT CNC TAKIM TEZGAHLARI MAKINE SANAYI VE TICARET LIMITED SIRKETI (a.k.a. AYTT CNC MACHINE TOOLS SAN TRADE LTD STI), Ahmet Petekci Caddesi No. 17, P, Fevzicakmak Mahallesi, Karatay, Konya 42050, Turkey; Website www.aytcnc.com; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 13 Sep 2011; Tax ID No. 1250359686 (Turkey); Trade License No. 39813 (Turkey); Central Registration System Number 0125035968600016 (Turkey) [RUSSIA-EO14024]. AYTT CNC MACHINE TOOLS SAN TRADE LTD STI (a.k.a. AYTT CNC TAKIM TEZGAHLARI MAKINE SANAYI VE TICARET LIMITED SIRKETI), Ahmet Petekci Caddesi No. 17, P, Fevzicakmak Mahallesi, Karatay, Konya 42050, Turkey; Website www.aytcnc.com; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 13 Sep 2011; Tax ID No. 1250359686 (Turkey); Trade License No. 39813 (Turkey); Central Registration System Number 0125035968600016 (Turkey) [RUSSIA-EO14024]. AYDIN, Recep Cetin, Konya, Turkey; DOB 14 Nov 1996; POB Selcuklu, Turkey; nationality Turkey; Gender Male; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport U14618486 (Turkey) expires 05 Jun 2027; National ID No. 30442754582 (Turkey) (individual) [RUSSIA-EO14024]. AYDIN, Gurhan, Konya, Turkey; DOB 20 Jan 1964; POB Konya, Turkey; nationality Turkey; Gender Male; Secondary sanctions risk: See Section 11 of Executive Order 14024.; National ID No. 30481753270 (Turkey) (individual) [RUSSIA-EO14024] (Linked To: AYTT CNC TAKIM TEZGAHLARI MAKINE SANAYI VE TICARET LIMITED SIRKETI). Unrelated Administrative List Changes: None Filter by Category All Recent Actions Enforcement Actions General Licenses Miscellaneous Regulations and Guidance Sanctions List Updates Search All Recent Actions (enter keywords) Start Date (format: MM/DD/YYYY) End Date (format: MM/DD/YYYY) Search by Year (format: YYYY) Sign up for OFAC Recent Actions e-mail updates