81 FR 76861 - Amendments to OFAC Regulations To Remove the Former Liberian Regime of Charles Taylor Sanctions Regulations and References to Fax-on-Demand Service

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 81, Issue 214 (November 4, 2016)

Page Range		76861-76863
FR Document		2016-26717

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is removing from the Code of Federal Regulations the Former Liberian Regime of Charles Taylor Sanctions Regulations as a result of the termination of the national emergency on which the regulations were based. OFAC also is amending the Reporting, Procedures and Penalties Regulations and Appendix A to chapter V by making technical changes including to remove references to OFAC's fax-on- demand service in order to reflect the discontinuation of that service.

Federal Register, Volume 81 Issue 214 (Friday, November 4, 2016)

[Federal Register Volume 81, Number 214 (Friday, November 4, 2016)]
[Rules and Regulations]
[Pages 76861-76863]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-26717]


=======================================================================
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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 501 and 593 and Appendix A to Chapter V


Amendments to OFAC Regulations To Remove the Former Liberian 
Regime of Charles Taylor Sanctions Regulations and References to Fax-
on-Demand Service

AGENCY: Office of Foreign Assets Control, Treasury

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is removing from the Code of Federal Regulations the 
Former Liberian Regime of Charles Taylor Sanctions Regulations as a 
result of the termination of the national emergency on which the 
regulations were based. OFAC also is amending the Reporting, Procedures 
and Penalties Regulations and Appendix A to chapter V by making 
technical changes including to remove references to OFAC's fax-on-
demand service in order to reflect the discontinuation of that service.

DATES: Effective: November 4, 2016.

FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's 
Office of Foreign Assets Control: Assistant Director for Licensing, 
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, 
tel.: 202-622-2490, or the Department of the Treasury's Office of the 
Chief Counsel (Foreign Assets Control), Office of the General Counsel, 
tel.: 202-622-2410.

[[Page 76862]]


SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac).

Background

Removal of the Former Liberian Regime of Charles Taylor Sanctions 
Regulations

    On July 22, 2004, the President signed Executive Order 13348, 
``Blocking Property of Certain Persons and Prohibiting the Importation 
of Certain Goods from Liberia'' (E.O. 13348), in which he declared a 
national emergency to deal with the unusual and extraordinary threat 
posed to United States foreign policy by the actions and policies of 
former Liberian President Charles Taylor and other persons, in 
particular their unlawful depletion of Liberian resources and their 
removal from Liberia and secreting of Liberian funds and property, 
which undermined Liberia's transition to democracy and the orderly 
development of its political, administrative, and economic institutions 
and resources. The President further noted that the Comprehensive Peace 
Agreement signed on August 18, 2003, and the related ceasefire had not 
yet been universally implemented throughout Liberia, and that the 
illicit trade in round logs and timber products was linked to the 
proliferation of and trafficking in illegal arms, which perpetuated the 
Liberian conflict and fueled and exacerbated other conflicts throughout 
West Africa.
    E.O. 13348 blocked all property and interests in property of the 
persons listed in the Annex to E.O. 13348 and any person determined: 
(1) To be or have been an immediate family member of Charles Taylor; 
(2) to have been a senior official of the former Liberian regime headed 
by Charles Taylor or otherwise to have been or be a close ally or 
associate of Charles Taylor or the former Liberian regime; (3) to have 
materially assisted, sponsored, or provided financial, material, or 
technological support for, or goods or services in support of, the 
unlawful depletion of Liberian resources, the removal of Liberian 
resources from that country, and the secreting of Liberian funds and 
property by any person whose property or interests in property are 
blocked pursuant to E.O. 13348; or (4) to be owned or controlled by, or 
acting or purporting to act for or on behalf of, directly or 
indirectly, any person whose property or interests in property are 
blocked pursuant to E.O. 13348. E.O. 13348 also prohibited the direct 
or indirect importation into the United States of any round log or 
timber product originating in Liberia.
    On May 23, 2007, OFAC issued the Former Liberian Regime of Charles 
Taylor Sanctions Regulations, 31 CFR part 593, as a final rule to 
implement E.O. 13348 (72 FR 28855, May 23, 2007).
    On November 12, 2015, the President issued Executive Order 13710, 
``Termination of Emergency With Respect to the Actions and Policies of 
Former Liberian President Charles Taylor'' (E.O. 13710). In E.O. 13710, 
the President found that the situation that gave rise to the 
declaration of a national emergency in E.O. 13348 had been 
significantly altered by Liberia's significant advances to promote 
democracy and the orderly development of its political, administrative, 
and economic institutions, including presidential elections in 2005 and 
2011, which were internationally recognized as freely held; the 2012 
conviction of, and 50-year prison sentence for, former Liberian 
President Charles Taylor and the affirmation on appeal of that 
conviction and sentence; and the diminished ability of those connected 
to former Liberian President Charles Taylor to undermine Liberia's 
progress. As a result, he terminated the national emergency declared in 
E.O. 13348 and revoked that order.
    Accordingly, OFAC is removing the Former Liberian Regime of Charles 
Taylor Sanctions Regulations from the Code of Federal Regulations. 
Pursuant to section 202 of the National Emergencies Act (50 U.S.C. 
1622) and section 1 of E.O. 13710, termination of the national 
emergency declared in E.O. 13348 shall not affect any action taken or 
proceeding pending that was not fully concluded or determined as of 
2:00 p.m. eastern standard time on November 12, 2015 (the effective 
date of E.O. 13710), any action or proceeding based on any act 
committed prior to the effective date, or any rights or duties that 
matured or penalties that were incurred prior to the effective date.

Technical Changes

    On June 10, 2016, OFAC announced on its Web site that it was 
terminating its fax-on-demand service due to a lack of user demand. 
OFAC is making technical changes to its regulations including to 
reflect the discontinuation of the fax-on-demand service.
    The Reporting, Procedures and Penalties Regulations, 31 CFR part 
501 (RPPR), set forth standard reporting and recordkeeping requirements 
and license application and other procedures relevant to the economic 
sanctions programs administered by OFAC. OFAC is revising section 
501.603 of the RPPR, which covers reports on blocked property, and 
section 501.801 of the RPPR, which covers licensing, in each case to 
remove references to OFAC's fax-on-demand service and to make certain 
other technical changes.
    Appendix A to chapter V (Appendix A) sets forth information 
pertaining to OFAC's Specially Designated Nationals and Blocked Persons 
List. OFAC is making two revisions to Appendix A, in each case to 
remove references to OFAC's fax-on-demand service.

Public Participation

    Because parts 501 and 593 and Appendix A to 31 CFR chapter V 
involve a foreign affairs function, the provisions of Executive Order 
12866 and the Administrative Procedure Act (5 U.S.C. 553) requiring 
notice of proposed rulemaking, opportunity for public participation, 
and delay in effective date are inapplicable. Because no notice of 
proposed rulemaking is required for this rule, the Regulatory 
Flexibility Act (5 U.S.C. 601-612) does not apply.

Paperwork Reduction Act

    Pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3507), 
the collections of information contained in the RPPR have been approved 
by the Office of Management and Budget under control number 1505-0164. 
An agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless the collection of 
information displays a valid control number.

List of Subjects in 31 CFR Parts 501 and 593 and Appendix A to 
Chapter V

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Credit, Foreign trade, Imports, Liberia, Penalties, Reporting 
and recordkeeping requirements, Sanctions, Securities.

    For the reasons set forth in the preamble, and under the authority 
of 3 U.S.C. 301; 50 U.S.C. 1601-1651; E.O. 13348, 69 FR 44885, 3 CFR, 
2004 Comp., p. 189; E.O. 13710, 80 FR 71679, OFAC amends 31 CFR chapter 
V as follows:

PART 501--REPORTING, PROCEDURES AND PENALTIES REGULATIONS

0
1. The authority citation for part 501 continues to read as follows:

    Authority: 8 U.S.C. 1189; 18 U.S.C. 2332d, 2339B; 19 U.S.C. 
3901-3913; 21 U.S.C. 1901-1908; 22 U.S.C. 287c; 22 U.S.C. 2370(a), 
6009, 6032, 7205; 28 U.S.C. 2461 note; 31 U.S.C. 321(b); 50 U.S.C. 
1701-1706; 50 U.S.C. App. 1-44.

[[Page 76863]]

Subpart C--Reports

0
2. Amend Sec.  501.603 to revise the second sentence of paragraph 
(b)(2)(ii) to read as follows:


Sec.  501.603  Reports on blocked property.

* * * * *
    (b) * * *
    (2) * * *
    (ii) * * * Copies of Form TDF 90-22.50 may be obtained directly 
from the Office of Foreign Assets Control by downloading the form from 
the OFAC Reporting and License Application Forms page on OFAC's Web 
site (https://www.treasury.gov/resource-center/sanctions/Pages/forms-index.aspx). * * *
* * * * *

Subpart E--Procedures

0
3. Amend Sec.  501.801 to revise the penultimate sentence of paragraph 
(b)(2) to read as follows:


Sec.  501.801  Licensing.

* * * * *
    (b) * * *
    (2) * * * The form, which requires information regarding the date 
of the blocking, the financial institutions involved in the transfer, 
and the beneficiary and amount of the transfer, may be obtained from 
the OFAC Reporting and License Application Forms page on OFAC's Web 
site (https://www.treasury.gov/resource-center/sanctions/Pages/forms-index.aspx) or the Office of Foreign Assets Control, Licensing 
Division, U.S. Department of the Treasury, 1500 Pennsylvania Avenue 
NW., Freedman's Bank Building, Washington, DC 20220. * * *
* * * * *

PART 593--[REMOVED]

0
4. Remove part 593.

Appendix A to Chapter V--[AMENDED]

0
5. The authority citation for appendix A to chapter V continues to read 
as follows:

    Authority: 3 U.S.C. 301; 8 U.S.C. 1182, 1189; 18 U.S.C. 2339 B; 
21 U.S.C. 1901-1908; 22 U.S.C. 287 c; 31 U.S.C. 321(b); 50 U.S.C. 
App. 1-44; Public Law 110-286, 122 Stat. 2632 (50 U.S.C. 1701 note); 
Public Law 111-195, 124 Stat. 1312 (22 U.S.C. 8501-8551); Public Law 
112-81, 125 Stat. 1298 (22 U.S.C. 8513a); Public Law 112-158, 126 
Stat. 1214 (22 U.S.C. 8701-8795); Public Law 112-208, 126 Stat. 
1502; Public Law 113-278, 128 Stat. 3011 (50 U.S.C. 1701 note).


0
6. Amend appendix A to chapter V as follows:
0
a. Remove the third introductory paragraph, which states: ``Finally, 
the public may obtain information on blocking, designation, 
identification, and delisting actions through OFAC's fax-on-demand 
service, at 202/622-0077.''
0
b. Remove the fifth sentence of note 5, which states: ``Information 
also is available by fax through OFAC's fax-on-demand service, at 202/
622-0077.''

John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2016-26717 Filed 11-3-16; 8:45 am]
BILLING CODE 4810-AL-P

Federal Register / Vol. 81, No. 214 / Friday, November 4, 2016 / Rules and Regulations 76861

d’Ivoire and Liberia were promulgated 7201 et seq.; 22 U.S.C. 7210; E.O. 13026, 61 Comp., p. 899; E.O. 13222, 66 FR 44025, 3
in part to fulfill U.S. obligations and FR 58767, 3 CFR, 1996 Comp., p. 228; E.O. CFR, 2001 Comp., p. 783; E.O. 13338, 69 FR
serve collective security interests by 13222, 66 FR 44025, 3 CFR, 2001 Comp., p. 26751, 3 CFR, 2004 Comp., p 168;
783; Notice of August 4, 2016, 81 FR 52587 Presidential Determination 2003–23, 68 FR
implementing United Nations Security
(August 8, 2016). 26459, 3 CFR, 2004 Comp., p. 320;
Council arms embargoes. Furthermore, Presidential Determination 2007–7, 72 FR
arms embargoes were imposed on Sri Supplement No. 1 to Part 738— 1899, 3 CFR, 2006 Comp., p. 325; Notice of
Lanka and Vietnam by the United States [Amended] May 3, 2016, 81 FR 27293 (May 5, 2016);
to advance national and regional Notice of August 4, 2016, 81 FR 52587
■ 2. Supplement No. 1 to part 738
stability and security. Termination of (August 8, 2016).
‘‘Commerce Country Chart’’ is amended
these embargoes under the EAR
by removing the footnote notation § 746.1 [Amended]
recognizes progress in the security
number 1 from ‘‘Cote d’Ivoire’’ and
situations in Cote d’Ivoire and Liberia, ■ 8. Section 746.1 is amended by
‘‘Liberia’’.
changes in legislative mandates related removing ‘‘Cote d’Ivoire (Ivory Coast),’’
to Sri Lanka, and the evolution of U.S. PART 740—[AMENDED] and ‘‘Liberia,’’ from the list of countries
relations with Vietnam, and updates the in paragraph (b)(2).
EAR to bring it in line with those ■ 3. The authority citation for part 740 Dated: October 28, 2016.
changes, including with international continues to read as follows: Kevin J. Wolf,
authorities supported by the United Authority: Authority: 50 U.S.C. 4601 et Assistant Secretary for Export
States and which already are in effect. seq.; 50 U.S.C. 1701 et seq.; 22 U.S.C. 7201 Administration.
Lastly, these updates and the et seq.; E.O. 13026, 61 FR 58767, 3 CFR, 1996
[FR Doc. 2016–26535 Filed 11–3–16; 8:45 am]
recognition of India as a member of the Comp., p. 228; E.O. 13222, 66 FR 44025, 3
CFR, 2001 Comp., p. 783; Notice of August BILLING CODE 3510–33–P
MTCR help to prevent confusing the
public as to the status of the named 4, 2016, 81 FR 52587 (August 8, 2016).
destinations for purposes of export Supplement No. 1 to Part 740—
controls under the EAR. No other law DEPARTMENT OF THE TREASURY
[Amended]
requires that a notice of proposed
■ 4. Supplement No. 1 to part 740, Office of Foreign Assets Control
rulemaking and an opportunity for
public comment be given for this rule. Country Group D, is amended by:
■ a. Removing the entries for ‘‘Cote 31 CFR Parts 501 and 593 and
Because a notice of proposed
d’Ivoire’’, ‘‘Liberia’’ and ‘‘Sri Lanka’’; Appendix A to Chapter V
rulemaking and an opportunity for
public comment are not required to be and
■ b. Removing the ‘‘X’’ under column Amendments to OFAC Regulations To
given for this rule by 5 U.S.C. 553, or Remove the Former Liberian Regime of
by any other law, the analytical D:5 ‘‘U.S. Arms Embargoed Countries’’
for ‘‘Vietnam’’. Charles Taylor Sanctions Regulations
requirements of the Regulatory and References to Fax-on-Demand
Flexibility Act, 5 U.S.C. 601 et seq., are PART 742—[AMENDED] Service
not applicable. Therefore, this
regulation is issued in final form and is ■ 5. The authority citation for part 742 AGENCY: Office of Foreign Assets
made effective immediately upon continues to read as follows: Control, Treasury
publication. Authority: 50 U.S.C. 4601 et seq.; 50 ACTION: Final rule.
List of Subjects U.S.C. 1701 et seq.; 22 U.S.C. 3201 et seq.;
42 U.S.C. 2139a; 22 U.S.C. 7201 et seq.; 22 SUMMARY: The Department of the
15 CFR Part 738 U.S.C. 7210; Sec. 1503, Pub. L. 108–11, 117 Treasury’s Office of Foreign Assets
Stat. 559; E.O. 12058, 43 FR 20947, 3 CFR, Control (OFAC) is removing from the
Exports.
1978 Comp., p. 179; E.O. 12851, 58 FR 33181, Code of Federal Regulations the Former
15 CFR Part 740 3 CFR, 1993 Comp., p. 608; E.O. 12938, 59 Liberian Regime of Charles Taylor
FR 59099, 3 CFR, 1994 Comp., p. 950; E.O. Sanctions Regulations as a result of the
Administrative practice and
13026, 61 FR 58767, 3 CFR, 1996 Comp., p. termination of the national emergency
procedure, Exports, Reporting and 228; E.O. 13222, 66 FR 44025, 3 CFR, 2001
recordkeeping requirements. on which the regulations were based.
Comp., p. 783; Presidential Determination
OFAC also is amending the Reporting,
15 CFR Part 742 2003–23, 68 FR 26459, 3 CFR, 2004 Comp.,
p. 320; Notice of November 12, 2015, 80 FR Procedures and Penalties Regulations
Exports, Terrorism. 70667 (November 13, 2015); Notice of August and Appendix A to chapter V by making
4, 2016, 81 FR 52587 (August 8, 2016). technical changes including to remove
15 CFR Part 746 references to OFAC’s fax-on-demand
Exports, Reporting and recordkeeping § 742.5 [Amended] service in order to reflect the
requirements. ■ 6. Section 742.5 is amended by discontinuation of that service.
Accordingly, parts 738, 740, 742 and removing the clause ‘‘, and India as an DATES: Effective: November 4, 2016.
746 of the Export Administration MTCR adherent,’’ from the first sentence FOR FURTHER INFORMATION CONTACT: The
Regulations (15 CFR parts 730–774) are of paragraph (d). Department of the Treasury’s Office of
amended as follows: Foreign Assets Control: Assistant
PART 746—[AMENDED]
PART 738—[AMENDED] Director for Licensing, tel.: 202–622–
■ 7. The authority citation for 15 CFR 2480, Assistant Director for Regulatory
Affairs, tel.: 202–622–4855, Assistant
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■ 1. The authority citation for part 738 part 746 continues to read as follows:
continues to read as follows: Director for Sanctions Compliance &
Authority: 50 U.S.C. 4601 et seq.; 50
Authority: Authority: 50 U.S.C. 4601 et U.S.C. 1701 et seq.; 22 U.S.C. 287c; Sec 1503,
Evaluation, tel.: 202–622–2490, or the
seq.; 50 U.S.C. 1701 et seq.; 10 U.S.C. 7420; Pub. L. 108–11, 117 Stat. 559; 22 U.S.C. 6004; Department of the Treasury’s Office of
10 U.S.C. 7430(e); 22 U.S.C. 287c; 22 U.S.C. 22 U.S.C. 7201 et seq.; 22 U.S.C. 7210; E.O. the Chief Counsel (Foreign Assets
3201 et seq.; 22 U.S.C. 6004; 42 U.S.C. 2139a; 12854, 58 FR 36587, 3 CFR, 1993 Comp., p. Control), Office of the General Counsel,
15 U.S.C. 1824a; 50 U.S.C. 4305; 22 U.S.C. 614; E.O. 12918, 59 FR 28205, 3 CFR, 1994 tel.: 202–622–2410.

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Federal Register / Vol. 81, No. 214 / Friday, November 4, 2016 / Rules and Regulations 76863

Subpart C—Reports ■ a. Remove the third introductory BSA has been delegated to the Director
paragraph, which states: ‘‘Finally, the of FinCEN.1
■ 2. Amend § 501.603 to revise the public may obtain information on
II. Discussion of Changes
second sentence of paragraph (b)(2)(ii) blocking, designation, identification,
to read as follows: and delisting actions through OFAC’s In 2010, FinCEN reorganized the
fax-on-demand service, at 202/622– BSA’s implementing regulations
§ 501.603 Reports on blocked property. previously appearing in part 103 of title
0077.’’
* * * * * ■ b. Remove the fifth sentence of note 5, 31 of the Code of Federal Regulations by
(b) * * * which states: ‘‘Information also is transferring them to a new chapter in
(2) * * * available by fax through OFAC’s fax-on- title 31—chapter X.2 When chapter X
(ii) * * * Copies of Form TDF 90– demand service, at 202/622–0077.’’ was published, BSA reporting forms
22.50 may be obtained directly from the were specific to particular segments of
Office of Foreign Assets Control by John E. Smith, the financial industry, and the names of
downloading the form from the OFAC Acting Director, Office of Foreign Assets those industry-specific forms currently
Reporting and License Application Control. appear in chapter X. FinCEN has since
Forms page on OFAC’s Web site [FR Doc. 2016–26717 Filed 11–3–16; 8:45 am] revised a number of forms so that they
(https://www.treasury.gov/resource- BILLING CODE 4810–AL–P may be used by a range of industry
center/sanctions/Pages/forms- segments and no longer carry industry-
index.aspx). * * * specific designations. The transition
DEPARTMENT OF THE TREASURY from industry-specific forms began by
* * * * *
replacing the various currency
Financial Crimes Enforcement Network transaction reports previously used by
Subpart E—Procedures
different industry segments, with an
■ 3. Amend § 501.801 to revise the 31 CFR Parts 1010, 1020, 1021, 1022, industry-wide, single BSA form for
penultimate sentence of paragraph (b)(2) 1023, 1024, 1025, and 1026 currency transactions—the Bank
to read as follows: RIN 1506–AB32 Secrecy Act Currency Transaction
Report. FinCEN has also replaced the
§ 501.801 Licensing. Technical Amendments to Various five industry-specific suspicious activity
* * * * * Bank Secrecy Act Regulations reports with a combined suspicious
(b) * * * activity report, the Bank Secrecy Act
(2) * * * The form, which requires AGENCY: Financial Crimes Enforcement
Network (‘‘FinCEN’’), Treasury. Suspicious Activity Report, which is
information regarding the date of the now used by various financial industry
blocking, the financial institutions ACTION: Final rule.
segments. This final rule revises the
involved in the transfer, and the SUMMARY: FinCEN is issuing this final BSA regulations by updating them to
beneficiary and amount of the transfer, rule to make a number of technical reflect the names of the new reports.
may be obtained from the OFAC amendments. This final rule updates A number of recordkeeping
Reporting and License Application various sections of the regulations requirements in 31 CFR chapter X refer
Forms page on OFAC’s Web site implementing the Bank Secrecy Act to the use of a type of data storage
(https://www.treasury.gov/resource- (‘‘BSA’’) by removing or replacing media—microfilm—that is no longer in
center/sanctions/Pages/forms- outdated references to obsolete BSA wide use (or in many cases not even
index.aspx) or the Office of Foreign forms, removing references to outdated available) for copies of records required
Assets Control, Licensing Division, U.S. recordkeeping storage media, and to be kept. This final rule removes those
Department of the Treasury, 1500 replacing several other outdated terms outdated references. If, however, a
Pennsylvania Avenue NW., Freedman’s and references. financial institution continues to use
Bank Building, Washington, DC 20220. microfilm for copies, the rule change
DATES: Effective November 4, 2016.
* * * does not require the financial institution
FOR FURTHER INFORMATION CONTACT:
* * * * * to use a different type of media for
FinCEN Resource Center at 1–800–767– copies, nor does it require existing
PART 593—[REMOVED] 2825 or 1–703–905–3591 (not a toll free copies that were made on microfilm to
number) and select option 3 for be transferred to newer types of media.
■ 4. Remove part 593. regulatory questions. Email inquiries Finally, this final rule replaces several
can be sent to FRC@fincen.gov. other outdated terms or references
Appendix A to Chapter V—[AMENDED]
SUPPLEMENTARY INFORMATION: where appropriate such as the reference
■ 5. The authority citation for appendix I. Statutory and Regulatory Background to filing reports with the Commissioner
A to chapter V continues to read as of Internal Revenue (‘‘IRS’’). Effective
follows: The BSA, Titles I and II of Public Law July 1, 2011, all BSA reports are
91–508, as amended, codified at 12 electronically filed with FinCEN, not
Authority: 3 U.S.C. 301; 8 U.S.C. 1182,
U.S.C. 1829b, 12 U.S.C. 1951–1959, and the IRS.
1189; 18 U.S.C. 2339 B; 21 U.S.C. 1901–1908;
22 U.S.C. 287 c; 31 U.S.C. 321(b); 50 U.S.C. 31 U.S.C. 5311–5314 and 5316–5332,
App. 1–44; Public Law 110–286, 122 Stat. authorizes the Secretary of the Treasury III. Administrative Procedure Act and
2632 (50 U.S.C. 1701 note); Public Law 111– (‘‘Secretary’’), among other things, to Effective Date
195, 124 Stat. 1312 (22 U.S.C. 8501–8551); issue regulations requiring persons to Under 5 U.S.C. 553(b)(3)(B) of the
keep records and file reports that are
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Public Law 112–81, 125 Stat. 1298 (22 U.S.C. Administrative Procedure Act (‘‘APA’’),
8513a); Public Law 112–158, 126 Stat. 1214 determined to have a high degree of an agency may, for good cause, find
(22 U.S.C. 8701–8795); Public Law 112–208, usefulness in criminal, tax, regulatory, (and incorporate the finding and a brief
126 Stat. 1502; Public Law 113–278, 128 Stat. and counter-terrorism matters. The
3011 (50 U.S.C. 1701 note).
statement of reasons in the rules issued)
regulations implementing the BSA
■ 6. Amend appendix A to chapter V as appear at 31 CFR chapter X. The 1 Treasury Order 180–01 (Sept. 26, 2002).
follows: Secretary’s authority to administer the 2 See 75 FR 5806 (Oct. 26, 2010).

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Document Created: 2018-02-14 08:26:41
Document Modified: 2018-02-14 08:26:41

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Rules and Regulations
Action		Final rule.
Dates		Effective: November 4, 2016.
Contact		The Department of the Treasury's Office of Foreign Assets Control: Assistant Director for Licensing, tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490, or the Department of the Treasury's Office of the Chief Counsel (Foreign Assets Control), Office of the General Counsel, tel.: 202-622-2410.
FR Citation		81 FR 76861
CFR Citation		31 CFR 501 31 CFR 593
CFR Associated		Administrative Practice and Procedure; Banks; Banking; Blocking of Assets; Credit; Foreign Trade; Imports; Liberia; Penalties; Reporting and Recordkeeping Requirements; Sanctions and Securities

81 FR 76861 - Amendments to OFAC Regulations To Remove the Former Liberian Regime of Charles Taylor Sanctions Regulations and References to Fax-on-Demand Service

DEPARTMENT OF THE TREASURYOffice of Foreign Assets Control

Federal Register Volume 81, Issue 214 (November 4, 2016)

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control