The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Syrian Sanctions Regulations, 31 C.F.R. Part 542 to, among other things, implement the relevant provisions of a May 1, 2012 Executive order regarding foreign sanctions evaders with respect to Syria and Iran, and certain provisions of the Iran Threat Reduction and Syria Human Rights Act of 2012, the Countering America’s Adversaries Through Sanctions Act, and the Caesar Syria Civilian Protection Act of 2019. In addition to new prohibitions, OFAC is adding several relevant definitions and interpretations and one new general license. OFAC is also incorporating, with amendments, one general license; updating six general licenses; and publishing a list of areas of northeast and northwest Syria in which activities are authorized under General License 22. The rule will be published in the Federal Register on Thursday, June 6, 2024.
OFAC is also issuing a new Syria Frequently Asked Question (FAQ 1180) and amending a number of Syria Frequently Asked Questions (FAQs 205, 231, 232, 934, and 938).