OFFICE OF FOREIGN ASSETS CONTROL ISSUES RULE: UPDATING WEBSITE AND CONTACT INFORMATION, AND AUTHORIZATIONS FOR PAYMENTS FOR LEGAL SERVICES

WASHINGTON, July 27 -- Office of Foreign Assets Control has issued a rule called: Updating Website and Contact Information, and Authorizations for Payments for Legal Services.

The rule was published in the Federal Register on July 27 by Bradley T. Smith, Director, Office of Foreign Assets Control.

Summary: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule to update website and contact information in certain parts of the Code of Federal Regulations (CFR). Additionally, OFAC is amending one CFR Part to update general licenses authorizing payments for legal services from funds originating outside the United States to replace the reporting requirement in the general license with a recordkeeping ...