U.S. Treasury's OFAC Updates Sanctions and Regulatory Frameworks
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued several updates, including the adoption of a final rule to update website and contact information in the Code of Federal Regulations (CFR). OFAC has also amended general licenses related to payments for legal services and corrected typographical errors in the CFR. Additionally, OFAC has updated the Specially Designated Nationals and Blocked Persons List, adding individuals and entities linked to Iran. The updates include the issuance of Russia-related General License 131H, authorizing certain transactions for the sale of Lukoil International GmbH, and amendments to related Frequently Asked Questions.