Department of the Treasury· Rule
Reporting, Procedures and Penalties Regulations
effective in 30d
SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this final rule to amend the Reporting, Procedures and Penalties Regulations (the “Regulations”). OFAC published an interim final rule with a request for comments on May 10, 2024 (“May 2024 Interim Final Rule”). In this final…
Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.