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On May 2, 2014, the Office of Foreign Assets Control (OFAC) published in the Federal Register a final rule which amends the Syrian Sanctions Regulations (the Regulations) and reissues them in their entirety, in order to implement Executive Order (EO) 13399 of April 25, 2006, “Blocking Property of Additional Persons in Connection With the National Emergency With Respect to Syria,” EO 13460 of February 13, 2008, “Blocking Property of Additional Persons in Connection With the National Emergency With Respect to Syria,” EO 13572 of April 29, 2011, “Blocking Property of Certain Persons with Respect to Human Rights Abuses in Syria,” EO 13573 of May 18, 2011, “Blocking Property of Senior Officials of the Government of Syria,” EO 13582 of August 17, 2011, “Blocking Property of the Government of Syria and Prohibiting Certain Transactions with Respect to Syria,” and EO 13606 of April 22, 2012, “Blocking the Property and Suspending Entry Into the United States of Certain Persons with Respect to Grave Human Rights Abuses by the Governments of Iran and Syria via Information Technology.”
OFAC is also incorporating into the Regulations several new general licenses, some of which have, until now, appeared only on OFAC’s Web site on the Syria sanctions page. Finally, OFAC is updating certain provisions of the Regulations and making other technical and conforming changes. The effective date of the final rule is May 2, 2014. |
US – OFAC revises and reissues Syrian Sanctions Regulations
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