OFAC Issues Regulations on ICC Sanctions

The Office of Foreign Assets Control released regulations Sept. 30 to implement a June executive order (see 2006110028) authorizing sanctions against the International Criminal Court. OFAC released the regulations in a final rule effective Oct. 1 in “abbreviated form” to provide “immediate guidance to the public.” The agency said it plans to soon publish a more “comprehensive set of regulations,” which may include guidance on definitions, general licenses and information on licensing policy.