OFAC promulgates Mali sanctions regulations
On February 4, 2020, the Office of Foreign Assets Control of the US Department of the Treasury approved new regulations to implement Executive Order 13882, “Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Mali.” The new regulations, 31 CFR Part 555, take effect on February 7, 2020. Executive Order 13882 reflects a determination that the situation in Mali constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States. The new regulations confirm the ongoing validity of the designations made pursuant to the executive order and the ability of the government to block property of persons during the pendency of an investigation; it describes the procedures to be followed by persons seeking the unblocking of funds or reconsideration of their status as persons whose property is blocked.