Publication of Yemen Sanctions Regulations

On November 9, 2012, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued the new Yemen Sanctions Regulations, 31 CFR part 552, to implement Executive Order 13611 of May 16, 2012, “Blocking Property of Persons Threatening the Peace, Security, or Stability of Yemen.”  These regulations were published as a final rule at 77 FR 67276 (November 9, 2012).  In keeping with its usual practice, OFAC published the regulations in abbreviated form at this time but intends to supplement this part 552 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy.