OFAC Amends Global Terrorism Sanctions
The Office of Foreign Assets Control this week amended the Global Terrorism Sanctions Regulations to implement a Sept. 9, 2019, counterterrorism executive order. The amendments, which take effect July 1, implement the provisions of executive order 13886, “Modernizing Sanctions To…
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Combat Terrorism” that amended sections 1(a) and 5 of Executive Order 13224. The change blocks all property and interests in property that are in the U.S. of persons listed in the amended Annex to E.O. 13224, foreign persons determined by the secretary of state to have committed or have attempted to commit acts of terrorism. It also makes certain "technical and conforming changes" to the regulations.