North Korea Sanctions Regulations
Rule published April 10, 2020 · 85 FR 20158
- Document number
- FR Doc. 2020-07497
- Type
- Rule
- Published
- April 10, 2020
- Citation
- 85 FR 20158 (pages 20,158–20,163)
- Action
- Final rule.
- Effective
- April 10, 2020
- Dates
- This rule is effective April 10, 2020.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the North Korea Sanctions Regulations to implement the Treasury-administered provisions of the North Korea Sanctions and Policy Enhancement Act of 2016, as amended by the Countering America's Adversaries Through Sanctions Act and the National Defense Authorization Act for Fiscal Year 2020. Specifically, OFAC is incorporating blocking and correspondent account sanctions provisions, adding a new prohibition that is applicable for persons that are owned or controlled by a U.S. financial institution and established or maintained outside the United States, adding new statutory exemptions relevant to certain newly added prohibitions, making technical and conforming edits to three definitions, revising an interpretive provision, and updating the authorities and delegation sections of the regulations. OFAC is also amending the definition of luxury goods.
Regulations cited
- 31 CFR part 510 (today: North Korea Sanctions Regulations) · Other documents citing it · eCFR as of April 10, 2020
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
Text
The text of this document is not held yet. Read the official PDF