March 9, 2020

OFAC removes Terrorism Sanctions Regulations pursuant to September 2019 Executive Order

Effective March 10, 2020, the Terrorism Sanctions Regulations, 31 CFR part 595, have been removed from the Code of Federal Regulations, as a result of the termination of the national emergency upon which the regulations were based. 

The regulations were promulgated in February 1996 following issuance of Executive Order 12947 in January 1995, which prohibited transactions with terrorists who threaten to disrupt the Middle East peace process.  Subsequently, Executive Orders 13099 and 13372 were issued in 1998 and 2005, respectively, to expand and clarify the measures taken in response to the national emergency declared in Executive Order 12947.  On September 9, 2019, Executive Order 13886 was issued to modernize the anti-terrorism sanctions regime and terminate the national

OFAC press release | Final Rule