2026-15112RuleWallet

Updating Website and Contact Information, and Authorizations for Payments for Legal Services

Published Date: 7/27/2026

Rule

Summary

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule to update website and contact information in certain parts of the Code of Federal Regulations (CFR). Additionally, OFAC is amending one CFR Part to update general licenses authorizing payments for legal services from funds originating outside the United States to replace the reporting requirement in the general license with a recordkeeping requirement and correcting typographical errors in two CFR Parts. OFAC is also updating its regulations to correct an erroneous cross-reference.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Legal-fee payments: reporting → recordkeeping

If you are a U.S. person who receives payments for legal services from funds originating outside the United States, you no longer must submit the prior reporting required by the general license. Instead, starting July 27, 2026, you must retain records for ten years and furnish them to OFAC on demand showing who the funds came from and the amounts, and, if applicable, names of related service providers, a description of services, and amounts paid.

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Key Dates

Published Date
Rule Effective
7/27/2026
7/27/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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