Department of the Treasury· Rule
Reporting, Procedures and Penalties Regulations
effective in 0d
SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this final rule to adopt, without change, an interim final rule to amend the Reporting, Procedures and Penalties Regulations (the “Regulations”), extending certain recordkeeping requirements from five to 10 years, consistent…
Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.