25 Sep 2025
🏛️New Amendments to Syria-Related Sanctions Regulations and Their Impact
Amendment to the Syria-Related Sanctions Regulations
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is changing the heading of the Syria-Related Sanctions Regulations to the Promoting Accountability for Assad and Regional Stabilization Sanctions Regulations and amending the renamed regulations to implement a January 15, 2025 Syria-related Executive order and a June 30, 2025 Syria-related Executive order.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The amendments to the Syria-Related Sanctions Regulations introduce compliance and regulatory requirements for businesses engaging in trade or financial transactions involving Syria. The removal of certain sanctions indicates potential changes in market access, while the enforcement of new regulations imposes risks of penalties for non-compliance.