OFAC Publishes Near-Final Rules on Yemen Transactions
The Treasury Department Office of Foreign Assets Control issued regulations implementing the May 16 executive order on "Blocking Property of Persons Threatening the Peace, Security, or Stability of Yemen," but said it intends to supplement them with a more comprehensive…
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set of regulations in the future. The new rules were effective Nov. 9. (See ITT's Online Archives 12051708). Sec. 552.101 was published in abbreviated form to provide immediate guidance to the public, OFAC said. OFAC said a more-comprehensive set of regulations may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy. Further information: 202-622-2490.