OFAC Issues Hostages and Wrongful Detention Sanctions Regs
The Office of Foreign Assets Control this week issued a final rule to implement a 2022 executive order that created new sanctions against terrorist organizations, criminal groups and others who take hostages (see 2207190045). The rule describes various prohibitions, gives…
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licensing information, provides definitions, outlines penalties and recordkeeping requirements, and more. The Hostages and Wrongful Detention Sanctions Regulations are effective July 11.