⚖️Overview of International Criminal Court-Related Sanctions Regulations
International Criminal Court-Related Sanctions Regulations
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adding regulations to implement a February 6, 2025 International Criminal Court-related Executive order. The rule also includes information relevant to a May 9, 2025 Executive order relating to requirements for final rules published in the Federal Register. OFAC intends to supplement these regulations with a more comprehensive set of regulations, which may include additional interpretive guidance and definitions, general licenses, and other regulatory provisions.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The text includes regulations concerning compliance requirements for U.S. businesses engaging in transactions potentially related to the International Criminal Court (ICC). Non-adherence could result in criminal penalties and the blocking of assets, creating significant operational impacts for affected businesses and financial institutions.