The US Treasury Department’s Office of Foreign Assets Control (OFAC) is removing duplicative provisions and reorganizing several parts of the Code of Federal Regulations. The changes eliminate more than 100 subparts from OFAC’s chapter and make information on delegated authority, recordkeeping and reporting requirements easier to find.
OFAC is also amending the Iranian Transactions and Sanctions Regulations to incorporate Executive Order 13902, issued on January 10, 2020, on sanctions targeting additional sectors of Iran.
The agency is publishing regulations to implement Executive Order 14404, issued on May 1, 2026, on sanctions against those responsible for repression in Cuba and threats to US national security and foreign policy. It is also amending the Cuban Assets Control Regulations to implement parts of the president’s foreign policy toward Cuba.
