U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) Updates Sanctions Regulations

Summary

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has amended its regulations to add, amend, or update general licenses for official business of the U.S. government and certain international organizations and entities, and clarified the 50 Percent Rule Interpretive in OFAC Sanctions Regulations.