On May 2, 2014, the Department of Treasury's Office of
Foreign Assets Control ("OFAC") published in the Federal
Register a final rule amending the Syrian Sanctions Regulations, 31
C.F.R. Part 542, and reissuing them in their entirety (the
"Amended Regulations"). The Amended Regulations implement
six Executive Orders (the "Executive Orders") issued
since the Syrian Sanctions Regulations were first established on
April 5, 2005. In addition, the Amended Regulations incorporate
several new general licenses that had previously only been posted
on OFAC's website. The Amended Regulations also reflect updates
to certain provisions and other technical and conforming
changes.
Specifically, section 542.201 was expanded to include the
blocking prohibitions required under the Executive Orders, new
sections 542.206 through 542.210 were added to include additional
prohibitions required under Executive Order 13582, and eleven
sections were added to Subpart C to define key terms used
