OFAC Removes Syrian Sanctions Regulations
The Office of Foreign Assets Control is officially removing its Syrian Sanctions Regulations from the Code of Federal Regulations after President Donald Trump earlier this year ended the national emergency that authorized those sanctions (see 2506300055 and 2507010012). The change is effective Aug. 26.
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OFAC said its removal of the Syrian Sanctions Regulations won't affect any pending Syria-related penalty proceedings or enforcement actions that weren't "finally concluded or determined" by July 1, along with enforcement action based on a possible sanctions violation that took place before July 1. It also won't affect "any rights or duties that matured or penalties that were incurred" before July 1.
The agency plans to issue a separate rulemaking to rename the Syria Sanctions Regulations the "Promoting Accountability for Assad and Regional Stabilization Sanctions Regulations" and to incorporate other "relevant authorities," it said. Those sanctions regulations will target people and entities associated with Syria's former Bashar Assad regime, including those involved in war crimes, human rights violations, narcotics trafficking and more.