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Publication of Final Rule in the Federal Register, amending and reissuing in their entirety the Burmese Sanctions Regulations

Yesterday, the Department of the Treasury's Office of Foreign Assets Control (OFAC) published a final rule in the Federal Register, amending and reissuing in their entirety the Burmese Sanctions Regulations, 31 C.F.R. part 537 (the Regulations), to implement a series of Executive orders that the President has issued to modify the scope of and take additional steps with respect to the national emergency declared in Executive Order 13047 of May 22, 1997.  To implement the blocking and other prohibitions in these Executive orders, OFAC is amending the Regulations to add and remove prohibitions, definitions, and interpretations.  OFAC also is incorporating into the Regulations several general licenses that previously had been posted only on the Burma page of OFAC’s website, as well as removing certain general licenses and statements of licensing policy as no longer relevant.
Last Updated: 7/1/2014 4:28 PM