Syrian sanctions amended and reissued

Treasury's Office of Foreign Assets Control (OFAC) has published a Final Rule in the Federal Register amending and reissuing in their entirety the Syrian Sanctions Regulations (31 CFR Part 542). The Final Rule implements a series of executive orders issued to take additional steps with respect to the national emergency with respect to Syria. These new regulations implement the blocking prohibitions in these executive orders, and add numerous sections to the regulations, including prohibitions, definitions, interpretations, and licensing provisions.