US Suspends Personal Remittance Transfers to and From Iran

25/08/2026

US Suspends Personal Remittance Transfers to and From Iran

WASHINGTON, Aug 25: The US Treasury Department has indefinitely suspended a general license that allowed certain noncommercial personal remittances to and from Iran, according to a notice issued Monday.

The measure affects people in the United States who send money to family members in Iran through channels previously permitted under US sanctions.

Transactions required to wind down existing arrangements will remain allowed until September 8, subject to applicable conditions. After that deadline, individuals seeking to make otherwise prohibited transfers will need to apply to the Treasury Department’s Office of Foreign Assets Control (OFAC) for a specific license.

The move represents a further tightening of US sanctions-related restrictions on financial transactions involving Iran.