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Technical Amendments to Counter-Terrorism Sanctions Regulations Implemented by OFAC

sanctions-ofac · OFAC · Rule · Published 2013-06-27 · Effective 2013-06-27 · 78 FR 38574

Document

Document number
2013-15424
Federal Register citation
78 FR 38574
CFR reference
31 CFR 594
Type
Rule
Action
Final rule.
Category
sanctions-ofac
Sub-agency
OFAC
Publication date
2013-06-27
Effective date
2013-06-27

Abstract

The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury is amending the Global Terrorism Sanctions Regulations and the Terrorism Sanctions Regulations (the "TSR") to clarify the scope of prohibitions on the making of donations contained in the underlying Executive orders and that a person whose property and interests in property are blocked pursuant to those programs has an interest in all property and interests in property of an entity in which it owns, directly or indirectly, a 50 percent or greater interest. In addition, OFAC is amending the TSR to add a definition of the term "financial, material, or technological support" and to set at 180 days the maximum term of maturity for instruments in which funds may be invested or held within a blocked interest-bearing account. Finally, OFAC is correcting a clerical error within the Foreign Terrorist Organizations Sanctions Regulations.

Source

Authoritative
Federal Register document
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