The guidance provides information for firms on:
- New Sanctions Authorities Targeting Foreign Financial Institutions;
- Examples of Activity that Could Expose Foreign Financial Institutions to Sanctions Risk;
- Identifying and Mitigating Sanctions Risks;
- Previous Guidance on Russia Sanctions and Export Controls Evasion; and
- Permissible Transactions.
Financial institutions should read the OFAC guidance and ensure that they remain compliant with their sanctions requirements.