OFAC Updates ICC-Related Sanctions Regulations
The Office of Foreign Assets Control issued a final rule that adds to its regulations implementing President Donald Trump's February executive order authorizing sanctions against the International Criminal Court (see 2502070022). The rule, effective July 1, incorporates several previously issued general licenses into the regulations. The agency said it plans to issue a "more comprehensive set of regulations" in the future, "which may include additional interpretive guidance and definitions, GLs, and other regulatory provisions."
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The final rule also includes new language to align with Trump's May order that directed all agencies to specify whether any new rules involve criminal offenses (see 2505120013). OFAC said "willful violations of the regulations set forth in this final rule may be subject to criminal penalties pursuant to 50 U.S.C. 1705 and regulations promulgated thereunder. The statutory authority for criminal liability requires a mens rea of willfulness as an element pursuant to 50 U.S.C. 1705(c)." The agency "consulted" with DOJ "in drafting this statement," it said.