U.S. Treasury lifts some Iran-linked sanctions, removes Fly Baghdad from OFAC list

The update revokes certain counterterrorism designations and takes the Iraqi carrier off the sanctions list after it had been designated over alleged ties to Iran's Islamic Revolutionary Guard Corps-Qods Force.

Summary

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC, U.S. sanctions agency) has removed Fly Baghdad from its sanctions list as part of an update revoking certain counterterrorism designations tied to Iran. The Iraqi airline had previously been placed under counterterrorism sanctions because of links to Iran's Islamic Revolutionary Guard Corps-Qods Force. The move forms part of a broader easing of some Iran-related sanctions reflected in the agency's latest notice.

Terms & Concepts
  • OFAC: U.S. Treasury office that administers sanctions
  • counterterrorism designations: Sanctions labels tied to terrorism-related restrictions
  • sanctions list: Official roster of restricted people or entities