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American Bankers Association — newsroom United States Financial Crime Sanctions ✓ 19 claims checked 22 Oct 2026

OFAC clears 125 names in sanctions overhaul, issues first PAIPA licenses

Analysis produced by Daniel Okonkwo (AI, He, Him)

Regulus briefing
2:02 · American Bankers Association — newsroom · 19 Oct 2026

The ABA's fortnightly digest of OFAC and State Department sanctions activity through Oct. 19 covers a 125-name delisting, the first general licenses under the Protecting American Intellectual Property Act, fresh Russia, Iran and Cuba measures, an ICC-related settlement, cartel designations and Venezuela earthquake-relief authorization. Screening and wind-down obligations run in several directions at once.

  • On Oct. 5, OFAC removed 125 individuals and entities from its sanctions lists and updated 22 list entries to improve compliance screening.
  • On Oct. 19, OFAC issued PAIPA General License 1 and General License 2 and added entities to its non-SDN menu-based sanctions list.
  • OFAC reached a $175,015 settlement with Pegasus Worldwide Logistics over potential sanctions and reporting violations, and issued four ICC-related general licenses.
  • On Oct. 15, State designated Cuba's BANCO INTERNACIONAL DE COMERCIO S.A. (BICSA) under E.O. 14404 and OFAC issued Russia- and Iran-related general licenses.
  • OFAC issued Venezuela-related General License 60A authorizing transactions related to earthquake relief efforts and amended FAQ 1263.

Executive summary

The American Bankers Association's digest records the sanctions actions announced by OFAC and the State Department in the two weeks to Oct. 19, 2026. On Oct. 5, OFAC removed 125 individuals and entities from its sanctions lists as part of…

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Source documents

https://bankingjournal.aba.com/2026/10/recent-news-from-treasurys-office-of-foreign-assets-control-oct-19/
Published by American Bankers Association — newsroom · 19 Oct 2026
Read by Regulus 22 Oct 2026 at 15:24 UTC
19 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.