OFAC Publishes Sanctions Regulations on Foreign Interference in U.S. Elections

Posted by Matt Schmitt on 4/30/19 5:00 PM

On April 29, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a final rule in the Federal Register to implement the President’s September 12, 2018 Executive Order “Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.”

According to the final rule, the new regulations will address a number of subjects, including:

  • Administrative practice and procedure;

  • Banks;

  • Banking;

  • Blocking of assets;

  • Election infrastructure;

  • Election interference;

  • Foreign interference;

  • Penalties;

  • Reporting and recordkeeping requirements;

  • Sanctions.

The final rule contains the new regulations in an abbreviated form, and OFAC intends to supplement the regulations with a more comprehensive set in the future. The more comprehensive set of regulations may include additional interpretive and definitional guidance, general licenses, and statements of licensing policy.

 

The final rule may be found here:

https://www.federalregister.gov/documents/2019/04/29/2019-08587/foreign-interference-in-us-elections-sanctions-regulations

Topics: Sanctions, OFAC, Regulations