Publication of Regulatory Amendments; Publication of Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act (TSRA)
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Key facts
Source:US Treasury OFAC (U.S. Government work, public domain)
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a significant restructuring of its enforcement and penalty documentation. The agency is consolidating various pieces of information regarding penalties and investigation rights, previously scattered throughout 31 CFR chapter V, into a single new section titled the Sanctions Penalties Regulations. This reorganization will involve updating existing regulations with cross-references and deleting more than 100 subparts.
In a separate regulatory update, OFAC is amending the Terrorism List Governments Sanctions Regulations. These changes follow the decision to rescind Syria's designation as a State Sponsor of Terrorism. As a result of this shift, the agency is removing and reserving a general license that was specifically designed for Syria, as the authorization is no longer required.
Additionally, OFAC has published its latest quarterly report detailing licensing activities conducted under the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA). This specific report covers the period from April through June 2026.
The report tracks the processing of license applications under Section 906 of the TSRA, which governs the export of certain goods to Iran. These authorized transactions are limited to specific categories, including medical devices, medicine, and agricultural commodities.
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