Treasury Fixes Typos and Updates Sanctions Website
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
Department and Agencies
Related Federal Register Documents
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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
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