Treasury Scrubs Duplicate Penalties from Sanctions Rulebook
Published Date: 9/30/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) is cleaning up its rules by removing repeated penalty info and pointing everyone to one clear place for penalty details. They’re also reorganizing key info like authority and recordkeeping at the start of each section to make things easier to find. This change affects anyone dealing with OFAC sanctions and takes effect on September 30, 2026, with no new costs involved.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Some parts get updated or added penalties
For certain OFAC parts the penalties information is effectively changed: descriptions of United Nations Participation Act (UNPA) criminal penalties that had omitted amounts in parts 510, 547, and 594 are updated to include penalties mandated in the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (22 U.S.C. 8514), and part 576 (previously an UNPA program) is updated to include UNPA penalty information. Additionally, parts 569, 579, 586, and 587 had only abbreviated penalty text and parts 562 and 591 had none; this rule points readers for those parts to the more comprehensive penalties information in part 505. These changes take effect on September 30, 2026.
Penalties moved into one rules section
If you deal with OFAC sanctions under 31 CFR parts 510, 525, 526, 528, 535, 536, 539, 544, 546, 547, 548, 549, 551, 552, 553, 555, 558, 560, 561, 562, 566, 569, 570, 576, 578, 579, 582, 583, 584, 586, 587, 588, 589, 590, 591, or 594, the penalty provisions that used to appear in each part’s subpart G have been removed and readers are now directed to 31 CFR part 505 (the Sanctions Penalties Regulations) for penalties and findings of violation. This change takes effect on September 30, 2026.
No new costs; effective date
OFAC states this cleanup and reorganization rule is effective September 30, 2026, and that it involves no new costs for those subject to the regulations. You should look to 31 CFR part 505 for penalty details starting on that date.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-20014, Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 131E, 131F, and 131G
The Treasury’s Office of Foreign Assets Control (OFAC) published three updated licenses (131E, 131F, and 131G) that let certain businesses negotiate and enter contracts related to Lukoil International GmbH despite existing sanctions. These licenses replace each other in sequence from April to June 2026, allowing specific transactions that were previously blocked. If you’re involved with Lukoil or its affiliates, these changes could impact your deals and deadlines through May 2026 and beyond.
2026-20010, Publication of Iran-Related Web General Licenses X and X1
The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL X and GL X1. GL X started on June 21, 2026, but was replaced by GL X1 on July 7, which then expired on July 17, 2026. These licenses allowed certain transactions that are usually banned, affecting businesses and individuals dealing with Iran, but the short time frame means the money impact was limited.
2026-20011, Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 2
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 2, letting people wind down business with CCU Commercial Bank Plc. until July 23, 2026. This means certain transactions that were blocked before are now allowed temporarily, as long as payments to blocked accounts follow the rules. If you’re dealing with CCU Bank or its big owners, this gives you a clear deadline to wrap things up without breaking the law.
2026-20012, Publication of Venezuela Sanctions Regulations Web General License 5W
Starting June 19, 2026, certain financial transactions involving Venezuela’s 2020 8.5% bond are now allowed, thanks to a new license called GL 5W. This update replaces the old GL 5V and opens the door for more legal dealings with this bond, but other sanctions still apply. If you’re involved in these bonds, keep an eye on the dates and rules to stay in the clear!
2026-20032, Notice of OFAC Sanctions Action
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has 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 from August 7, 2026. This move helps keep bad actors from using the U.S. financial system and sends a clear message about following the rules.
2026-20008, Publication of Venezuela Sanctions Regulations Web General Licenses 52, 53, 54, 55, 56, 57, and 58
The Treasury’s Office of Foreign Assets Control (OFAC) has officially published seven new general licenses (GLs 52-58) that let certain U.S. businesses do specific transactions with Venezuelan companies, especially those linked to the state oil company PdVSA. These licenses, issued between March and May 2026, clarify what’s allowed under Venezuela sanctions, helping companies avoid penalties while doing business. If you’re involved in trade or finance with Venezuela, these updates are key to keeping your operations smooth and legal.
Previous / Next Documents
Previous: 2026-20006, Publication of Venezuela Sanctions Regulations Web General Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A
The Treasury’s Office of Foreign Assets Control (OFAC) just made official seven updated general licenses that let certain U.S. businesses do specific transactions with Venezuelan oil and petrochemical products, which were previously restricted. These updates replace older versions and have been effective since June 10, 2026, helping companies navigate sanctions while keeping trade moving. If you’re involved in Venezuelan energy or related sectors, these changes could impact your operations and finances.
Next: 2026-20008, Publication of Venezuela Sanctions Regulations Web General Licenses 52, 53, 54, 55, 56, 57, and 58
The Treasury’s Office of Foreign Assets Control (OFAC) has officially published seven new general licenses (GLs 52-58) that let certain U.S. businesses do specific transactions with Venezuelan companies, especially those linked to the state oil company PdVSA. These licenses, issued between March and May 2026, clarify what’s allowed under Venezuela sanctions, helping companies avoid penalties while doing business. If you’re involved in trade or finance with Venezuela, these updates are key to keeping your operations smooth and legal.