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I do not think it means what you think it means… (thank you, Princess Bride)

Amendment of the definition of the term “Applicable Schedule Amount” within the Economic Sanctions Enforcement Guidelines

Release date
04/09/2021

Body

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the definition of “applicable schedule amount” contained in appendix A to 31 CFR part 501​.  This technical amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on April 12, 2021. 

Links:

OFAC Notice

Final Rule

Categories: Civil Monetary Penalties Enforcement Actions Enforcement Guidelines OFAC Updates

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