OFACSanctions / OFACSeptember 30, 2026

OFAC Consolidates Penalties and Recordkeeping Rules Across Sanctions Programs

OFAC is removing duplicative penalty provisions scattered across multiple sanctions program regulations and centralizing them in the Sanctions Penalties Regulations, while also reorganizing recordkeeping, reporting, and delegation-of-authority provisions. This is a structural housekeeping change but compliance officers need to update their policy references and internal procedures to point to the correct consolidated locations. Firms relying on program-specific penalty or recordkeeping language in their compliance manuals should revise those references.

What to do

Audit your internal sanctions compliance policies and procedures to update any citations to program-specific penalty or recordkeeping provisions, replacing them with references to the new consolidated Sanctions Penalties Regulations location.

Who this affects

Bank / Credit UnionCrypto ExchangeMoney Services BusinessPayments CompanyFintech / NeobankCrypto CustodianTrust Company

Does this affect your program?

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Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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