Global Magnitsky Designations; Counter Terrorism and Iran-related Designations and Designation Update; Publication of Legal Payments Rule

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adopting a final rule amending multiple CFR parts to update general licenses authorizing payments for legal services from funds originating outside the United States. Specifically, OFAC is replacing the reporting requirement in the general license with a recordkeeping requirement in applicable parts of 31 CFR chapter V. Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List. Please visit the URL below to view this actionRead More