In “U.S. OFAC Issues Interim Final Rule to Amend Reporting Regulations, Two Notable Changes for Banks” (Reuters Regulatory Intelligence, 10 May 2024), Amir Fadavi discusses the recent issuance by the U.S. Treasury’s Department Office of Foreign Assets Control (OFAC) of an interim final rule outlining planned amendments to its Reporting, Procedures, and Penalties Regulations. Amir highlights two key changes for financial institutions found in the interim final rule and discusses the possible implications of these changes.
Read the article in Reuters Regulatory Intelligence.
