Treasury updates website links and changes how legal service payments are tracked
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Table of Contents
The Office of Foreign Assets Control (OFAC) is issuing a final rule to update its official website addresses and contact information within the Code of Federal Regulations. This ensures that the agency’s regulatory text points to current, functional digital resources.
Why it matters: This is primarily an administrative cleanup. The change from reporting to recordkeeping for legal service payments reduces the immediate paperwork burden on those making the payments, though they must still maintain documentation.
Who it affects
- Legal professionals and firms handling international funds
This action was taken by the Treasury Department’s Office of Foreign Assets Control; readers should consult the Federal Register before relying on these regulatory changes.
Agency: Treasury Department, Foreign Assets Control Office
Source: Federal Register — read the official document