OFAC has amended the Reporting, Procedures and Penalties Regulations, 31 CFR part 501 (RPPR) which set out reporting and recordkeeping requirements for those holding blocked assets. Notice. Changes include: Requirement for financial and non-financial institutions to report to OFAC after rejecting transactions that could be prohibited by sanctions; In addition to wire transfers, transactions now include good and services, securities, …
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...
United States