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Reporting, Procedures and Penalties

sanctions-ofac · OFAC · Rule · Published 2024-09-13 · Effective 2025-03-12 · 89 FR 74832

Document

Document number
2024-20674
Federal Register citation
89 FR 74832
CFR reference
31 CFR 501
Type
Rule
Action
Interim final rule; request for comments.
Category
sanctions-ofac
Sub-agency
OFAC
Publication date
2024-09-13
Effective date
2025-03-12

Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend the Reporting, Procedures and Penalties Regulations (the "Regulations"), extending recordkeeping requirements for certain transactions from five to 10 years, consistent with the statute of limitations for violations of certain sanctions administered by the Office of Foreign Assets Control (OFAC).

Source

Authoritative
Federal Register document
Machine
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