Libyan Sanctions Regulations

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Office of Foreign Assets Control 31 CFR Part 570 AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Final rule. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Libyan Sanctions Regulations and reissuing them in their entirety to further implement a February 25, 2011 Libya-related Executive order and to implement an April 19, 2016 Libya-related Executive order. This final rule replaces the regulations that were published in abbreviated form on July 1, 2011, and includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. Due to the number of regulatory sections being updated or added, OFAC is reissuing the Libyan Sanctions Regulations in their entirety. DATES: This rule is effective October 3, 2022. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 202-622-4855; or Assistant Director for Sanctions Compliance & Evaluation, 202-622-2490. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC's website: www.treasury.gov/​ofac . Background On July 1, 2011, OFAC issued the Libyan Sanctions Regulations, 31 CFR part 570 ( 76 FR 38562 , July 1, 2011) (the “Regulations”), to implement Executive Order (E.O.) 13566 of February 25, 20…