This update concerns OFAC sanctions compliance procedures and administrative wind-down activities for Russian entities, which does not directly regulate a specific payments product or service.
Low confidence — requires human review. The update addresses compliance procedures for financial institutions managing sanctioned accounts, but does not substantively regulate payment service provision or third-party outsourcing arrangements.
Specialism
The update explicitly addresses sanctions compliance through OFAC's amended General License 13R authorizing specific transactions under Russia-related sanctions programs, with clear mention of 'sanctioned Russian entities' and sanctions directive compliance.
The amendment streamlines compliance procedures and provides regulatory guidance to financial institutions on sanctions transaction authorization, representing supervisory clarification of sanctions requirements.
2026-07-08 15:54:13·pdonofrio@vixio.com
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TITLE: United States Office of Foreign Assets Control Issues Amended Russia-related General License
BODY:
On July 8, 2026, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued an amended Russia-related General License 13R, titled "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024."
General License 13R authorizes specified administrative transactions related to Russia that would otherwise be prohibited under Directive 4 of Executive Order 14024. The license permits U.S. persons and entities to conduct certain limited administrative activities in relation to Russian sanctions programs. This includes transactions necessary for the orderly wind-down of operations, maintenance of existing accounts, and other administrative functions that do not involve the provision of new services or the expansion of business relationships with sanctioned Russian entities or individuals.
The amendment reflects OFAC's ongoing effort to clarify and refine sanctions compliance requirements for U.S. persons and financial institutions operating under Russia-related sanctions programs. By issuing this general license, OFAC provides regulated entities with explicit authorization to conduct necessary administrative activities without requiring individual license applications, thereby streamlining compliance procedures.
Concurrently, OFAC amended two associated Russia-related Frequently Asked Questions: FAQ 999 and FAQ 1118. These amendments provide additional guidance and clarification on the scope and application of General License 13R, addressing common compliance questions from financial institutions, businesses, and other U.S. persons subject to Russia-related sanctions.
The general license and updated FAQs are effective immediately and available on OFAC's website. U.S. persons and entities engaged in transactions potentially affected by Russia-related sanctions should review the amended license and guidance to ensure ongoing compliance with OFAC regulations.
Issuance of Amended Russia-related General License and Frequently Asked Questions | 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 Issuance of Amended Russia-related General License and Frequently Asked Questions Release Date 07/08/2026 Recent Actions Body The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13R , "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024." Additionally, OFAC is amending two associated, Russia-related Frequently Asked Questions, FAQs 999 and 1118 . 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