# Reporting, Procedures and Penalties
> **OFAC** · Interim final rule; request for comments. · Published 2024-09-13 · Effective 2025-03-12 · 89 FR 74832
## Document
- **Document number:** 2024-20674
- **Category:** sanctions-ofac
- **Sub-agency:** OFAC
- **Federal Register citation:** 89 FR 74832
- **CFR reference:** 31 CFR 501
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2024/09/13/2024-20674/reporting-procedures-and-penalties)
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