Treasury says property of newly designated individuals and entities in the U.S. or controlled by U.S. persons is blocked and must be reported to OFAC

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enforcement

OFAC's designation causes the named persons' property/interests in the U.S. or controlled by U.S. persons to be blocked and subject to OFAC reporting requirements.

Source summary

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated multiple Iranian officials and affiliates for involvement in violent repression and corruption, including Interior Minister Eskandar Momeni Kalagari and businessman Babak Morteza Zanjani. For the first time, OFAC also designated two UK-registered digital asset exchanges tied to Zanjani and IRGC-linked wallets for operating in Iran’s financial sector and assisting the IRGC. The designations invoke several executive orders and block the property of listed persons, while the Treasury reiterated support for Iranian internet access under an existing general license (GL D-2).

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Latest fact check

The U.S. Department of the Treasury press release for January 30, 2026 explicitly states that "all property and interests in property of the designated or blocked persons ... that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC." OFAC's implementing regulations (31 C.F.R. § 501.603) require U.S. persons holding blocked property to file initial reports (generally within 10 business days) and an Annual Report of Blocked Property and specify the information to be provided. OFAC's OFAC Reporting System (ORS) page instructs that all persons subject to OFAC's reporting requirements must use ORS to file these mandatory reports. Verdict: True — the Treasury press release accurately reflects the legal effect of the designations, and OFAC regulations and its reporting system confirm that U.S. persons with blocked property must report it to OFAC.

Sources

Timeline

Update · Jan 30, 2026, 11:49 PMTrue
The U.S. Department of the Treasury press release for January 30, 2026 explicitly states that "all property and interests in property of the designated or blocked persons ... that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC." OFAC's implementing regulations (31 C.F.R. § 501.603) require U.S. persons holding blocked property to file initial reports (generally within 10 business days) and an Annual Report of Blocked Property and specify the information to be provided. OFAC's OFAC Reporting System (ORS) page instructs that all persons subject to OFAC's reporting requirements must use ORS to file these mandatory reports. Verdict: True — the Treasury press release accurately reflects the legal effect of the designations, and OFAC regulations and its reporting system confirm that U.S. persons with blocked property must report it to OFAC.
Original article · Jan 30, 2026
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