Aggregated News From Investment Management Regulators

Reminder for the Annual Report of Blocked Property

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On July 1, 2020, the Office of Foreign Assets Control (OFAC) issued a recent action notice, reminding holders of property blocked pursuant to OFAC sanctions regulations published in Chapter V of Title 31 of the Code of Federal Regulations (C.F.R.) of the requirement to provide OFAC with an Annual Report of Blocked Property (ARBP).  Persons subject to this reporting requirement must submit a comprehensive report, as outlined in 31 C.F.R. § 501.603, of all blocked property held as of June 30 of the current year by September 30.

The annual reports must be filed using the mandatory spreadsheet form TD F 90-22.50.  Please send the completed form to [email protected].  Failure to submit a required report by September 30 constitutes a violation of the Reporting, Procedures and Penalties Regulations, 31 C.F.R. part 501.

For more information please review OFAC’s Guidance on Filing the ARBP.

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Regulator Information

Abbreviation: OFAC
Jurisdiction: United States

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