Data / Federal rules / 2024-20674
Reporting, Procedures and Penalties
The Foreign Assets Control Office published this final rule in the Federal Register on September 13, 2024. It took effect on March 12, 2025. Comments closed on October 15, 2024.
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What the agency says
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend the Reporting, Procedures and Penalties Regulations (the "Regulations"), extending recordkeeping requirements for certain transactions from five to 10 years, consistent with the statute of limitations for violations of certain sanctions administered by the Office of Foreign Assets Control (OFAC).
Key facts
- Document number
- 2024-20674
- Type
- Final rule
- Action
- Interim final rule; request for comments
- Agency
- Treasury Department; Foreign Assets Control Office
- Published
- September 13, 2024
- Takes effect
- March 12, 2025
- Comments due
- October 15, 2024
- Dates
- Effective date: This interim final rule is effective March 12, 2025.
- Code of Federal Regulations
- 31 CFR 501
- Topics
- Administrative practice and procedure; Banks, banking; Exports; Foreign trade; Licensing and registration; Penalties; Reporting and recordkeeping requirements
- Pages
- 3
Other documents from the Foreign Assets Control Office
| Document | Type | Published |
|---|---|---|
| Publication of an Iran-Related Determination 2026-20839 | Final rule | Oct 13 |
| Publication of Venezuela Sanctions Regulations Web General License 60 2026-20831 | Final rule | Oct 13 |
| Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 131E, 131F, and 131G 2026-20014 | Final rule | Sep 30 |
| Publication of Venezuela Sanctions Regulations Web General License 5W 2026-20012 | Final rule | Sep 30 |
| Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 2 2026-20011 | Final rule | Sep 30 |
| Publication of Iran-Related Web General Licenses X and X1 2026-20010 | Final rule | Sep 30 |
| Publication of Venezuela Sanctions Regulations Web General Licenses 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A 2026-20009 | Final rule | Sep 30 |
| Publication of Venezuela Sanctions Regulations Web General Licenses 52, 53, 54, 55, 56, 57, and 58 2026-20008 | Final rule | Sep 30 |
Everything from the Foreign Assets Control Office · Rules on administrative practice and procedure · Rules on banks, banking · Rules on exports · Published in September 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.