September 24, 2026: OFAC Update Part 1: New regs just for enforcement


The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is consolidating previously existing information regarding enforcement procedures and penalties, including the rights of U.S. persons being investigated for violations, that are currently located in individual parts of 31 CFR chapter V into a new part, the Sanctions Penalties Regulations.  Following publication of this part, OFAC will update parts within 31 CFR chapter V to replace existing penalties information with cross-references to the Regulations, resulting in the deletion of over 100 subparts from existing regulations.

Here they are (I’ll spin up Claude to summarize and compare to what used to be later):


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