Treasury Drops New Sanctions Hammer on International Criminal Court Operations
Published Date: 7/1/2025
Rule
Summary
The Treasury’s OFAC is rolling out new rules tied to the International Criminal Court starting February 6, 2025. These rules affect people and businesses connected to the ICC and set the stage for more detailed guidelines coming soon. Watch out for important deadlines and possible money-related restrictions that could impact you by May 9, 2025.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
OFAC implements ICC-related sanctions
You may be affected if you are a person or business connected to the International Criminal Court. The Treasury’s OFAC is adding regulations to implement an International Criminal Court-related Executive Order effective February 6, 2025, and the rule references possible money-related restrictions tied to May 9, 2025.
OFAC will issue further guidance and licenses
OFAC says it will supplement these regulations with a more comprehensive set of rules that may include interpretive guidance, definitions, general licenses, and other regulatory provisions. Those future publications could change how the regulations are applied once they are released.
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