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Central African Republic Sanctions Regulations Issued; More Comprehensive Rules to Come Later

Tuesday, July 08, 2014
Sandler, Travis & Rosenberg Trade Report

The Treasury Department’s Office of Foreign Assets Control has issued a final rule that, effective July 7, implements Executive Order 13667 of May 12, 2014 (“Blocking Property of Certain Persons Contributing to the Conflict in the Central African Republic”). OFAC states that these regulations are being published in abbreviated form at this time to provide immediate guidance to the public and that it intends to supplement them with a more comprehensive set of regulations that may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy.

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