OFAC Final Rule Makes Technical Amendments to Counter-Terrorism Sanctions Regulations
The Office of Foreign Assets Control (OFAC) issued a final rule amending the Global Terrorism Sanctions Regulations and the Terrorism Sanctions Regulations (TSR), effective June 27. The technical amendments clarify the scope of prohibitions on making donations, and amends the…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
TSR to add a definition of the term “financial, material, or technological support.” Another amendment to TSR sets the maximum term of maturity for instruments in which funds may be invested or held within a blocked interest-bearing account at 180 days. Lastly, an amendment corrects a clerical error within the Foreign Terrorist Organizations Sanctions Regulations.