Treasury Doubles Record-Keeping Requirement for Sanctions
Published Date: 3/21/2025
Rule
Summary
The Treasury’s OFAC just made a final rule that doubles how long you have to keep certain records—from 5 years to 10 years. This change affects anyone dealing with sanctions and helps catch violations within the legal time frame. If you’re involved, get ready to hold onto your paperwork longer starting now!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Sanctions Recordkeeping Doubled
OFAC’s final rule extends certain recordkeeping requirements from 5 years to 10 years. If you handle records related to sanctions administered by the Office of Foreign Assets Control, you must retain those records for 10 years instead of 5 years.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10259 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked some companies and ships tied to Iran’s oil and petrochemical businesses. This means any money or property they have in the U.S. is frozen, and Americans can’t do business with them. The action started on May 19, 2026, so watch out for these new rules if you’re involved in shipping or trade!
2026-09758 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just added some folks and groups to its blacklist, meaning their U.S.-based money and property are frozen. Americans can’t do business with these blocked people or companies starting immediately. This move aims to tighten the financial noose and keep bad actors from using U.S. resources.
2026-09631 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just added new people to its blacklist, meaning their money and property in the U.S. are frozen. Americans can’t do business with these folks anymore, starting May 7, 2026. This move aims to stop bad actors from using the U.S. financial system and sends a clear message: shady dealings won’t be tolerated!
2026-09251 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked three shipping companies linked to Iran’s oil business, freezing their U.S.-based assets and banning Americans from dealing with them. This move, effective April 24, 2026, aims to tighten the squeeze on Iran’s petroleum sector and stop shady money flows. If you’re a U.S. person, steer clear of these companies or their ships to avoid penalties!
2026-09249 — Notice of OFAC Sanctions Action
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) just added new people to its blacklist, meaning their money and property in the U.S. are frozen. Americans can’t do business with these folks anymore, starting May 1, 2026. This move aims to stop bad actors from using U.S. resources and sends a clear message about who’s off-limits.
2026-09094 — Publication of Iranian Transactions and Sanctions Regulations Web General Licenses
The Treasury’s Office of Foreign Assets Control (OFAC) is officially publishing two special permissions called General Licenses S and T, which let certain transactions with blocked Iranian vessels and people happen safely and legally. These licenses were active from December 18, 2025, to January 18, 2026, helping businesses avoid penalties while handling specific cargo and safety tasks. If you’re involved in shipping or trade with Iran, these rules mattered for a short but important time.
Previous / Next Documents
Previous: 2025-04858 — Special Local Regulation; Marine Events Within the Eleventh Coast Guard District-California Half Ironman Triathlon
On April 5, 2025, the Coast Guard will set special rules on the waters of Oceanside, California, to keep everyone safe during the California Half Ironman Triathlon. Boats can’t block or hang out in the race area unless they get special permission. This means water users should plan ahead to avoid delays or fines on race day.
Next: 2025-04880 — Fisheries of the Northeastern United States; Summer Flounder Fishery; Quota Transfer From North Carolina to Virginia
North Carolina is sharing some of its 2025 summer flounder fishing quota with Virginia to keep things fair and follow the rules. This means Virginia gets to catch more summer flounder next year, while North Carolina catches a bit less. Fishermen in both states should get ready for these new limits starting in 2025.