Department of the Treasury· Rule
Reporting, Procedures and Penalties Regulations
effective in 90d
SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend the Reporting, Procedures and Penalties Regulations (the “Regulations”), to require electronic filing of certain submissions to OFAC and to describe and modify certain reporting requirements…
Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.