Updating Website and Contact Information, and Authorizations for Payments for Legal Services
What happened
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is updating website and contact information in many parts of the Code of Federal Regulations. OFAC is changing one part to replace a reporting requirement with a recordkeeping requirement for payments for legal services from outside the U.S. It is also correcting errors and an incorrect reference in two other parts. This rule is effective July 27, 2026, and was signed by Donald Trump.
Why it matters
The changes aim to streamline how individuals and organizations interact with OFAC by providing updated contact details. The shift from reporting to recordkeeping for legal service payments could simplify compliance for those handling such transactions. Correcting typographical errors and cross-references improves the accuracy and clarity of the regulations for all users.
Who it affects
- ›Individuals contacting OFAC
- ›Businesses working with blocked property
- ›Legal service providers
- ›Entities involved in sanctions regulations
- ›Those paying for legal services
The receipts are official. The summary is ours.
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