Treasury reissues Libyan Sanctions Regulations

Financial Crimes Department of Treasury OFAC OFAC Sanctions OFAC Designations Libya Of Interest to Non-US Persons

On September 30, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced a final rule reissuing the Libyan Sanctions Regulations, which were previously published in abbreviated form in 2011. The reissuance of the Libyan Sanctions Regulations includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. The rule is effective immediately.