Updating Website and Contact Information, and Authorizations for Payments for Legal Services

Source: US OFAC news
Summary: This final rule from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updates website and contact information across multiple sanctions regulations under the Code of Federal Regulations (CFR). It also amends general licenses for legal service payments, replacing reporting requirements with recordkeeping obligations, and corrects typographical errors and cross-references in various sanctions programs, including those targeting Iran, Russia, Venezuela, and other jurisdictions.
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Source: US OFAC news
Summary: This final rule from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updates website and contact information across multiple sanctions regulations under the Code of Federal Regulations (CFR). It also amends general licenses for legal service payments, replacing reporting requirements with recordkeeping obligations, and corrects typographical errors and cross-references in various sanctions programs, including those targeting Iran, Russia, Venezuela, and other jurisdictions.
Read full article →

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