The Office of Foreign Assets Control (OFAC) issued a press release to remind individuals, firms (including financial institutions), and entities to file the Annual Report of Blocked Property (ARBP). This report must include a list of all blocked property holdings as of June 30, 2023 and be submitted to OFAC by September 30, 2023. Persons, companies, and entities which do not hold blocked property as of the date specified do not have to file the report.
For those having to file the report, the enclosed xls file must be used for submission; upon completion, the file must be sent to ofacreport@treasury.gov or be filed via the OFAC Reporting System (ORS). OFAC has also attached corresponding guidelines on filing the 2023 blocked property report.
Other Features
asset freezing
banks
broker
building societies
capital management companies
financial resources
insurance
investment firms
reporting
sanctions
Date Published: 2023-07-03
Regulatory Framework: US Sanctions
Regulatory Type: procedure
ID 26974
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed san ...
ID 26592
The Office of Foreign Assets Control (OFAC) has published a press release to inform about ...
ID 26495
The Office of Foreign Assets Control, OFAC, has issued a press release to inform of variou ...
ID 26429
The Office of Foreign Assets Control (OFAC) has published a press release to inform about ...
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