OFAC Reissues Western Balkans Sanctions, Removes Outdated Regs
The Office of Foreign Assets Control has issued a final rule, effective June 29, 2011, which amends and reissues in their entirety the Western Balkans Stabilization Regulations at 31 CFR Part 588, to codify Executive Order 13304 which amended EO…
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13219 and blocks property and transactions with certain persons who threaten international stabilization efforts in the Western Balkans. OFAC has also issued a final rule which removes certain sanctions regulations at 31 CFR Parts 585, 586, and 587 relating to the former Federal Republic of Yugoslavia, as the national emergencies with respect to which these regulations had been issued were terminated, and all related Executive Orders that had been implemented by these regulations were revoked. The removal rule is available here.