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OFAC amends GTSR, TCOSR, and HFSR regs

OFAC has announced it has amended the Global Terrorism Sanctions Regulations (GTSR), the Transnational Criminal Organizations Sanctions Regulations (TCOSR) and the Hizballah Financial Sanctions Regulations (HFSR).

  • OFAC is amending the GTSR and the TCOSR to implement and reference the Hizballah International Financing Prevention Amendments Act (HIFPAA) of 2018.
  • OFAC also is amending the GTSR to implement and reference the Sanctioning the Use of Civilians as Defenseless Shields Act of 2018 (Shields Act).
  • The amendments to the TCOSR are to implement Executive Order 13863 of March 15, 2019 (“Taking Additional Steps to Address the National Emergency with respect to Significant Transnational Criminal Organizations”).
  • Changes to the HFSR are to make certain technical and conforming changes and to update certain provisions.

The amendments were published today at 84 FR 35307 and are effective immediately.

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