OFAC Issues Request for Public Comments on Information Collection Requirements
The Office of Foreign Assets Control (OFAC), a part of the U.S. Department of the Treasury, has published a request for public comments on its information collection requirements contained within the Rough Diamonds Control Regulations. This notice is currently available for public inspection with the Federal Register and will be published on October 16, 2024.
According to the notice, OFAC is soliciting comments concerning its information collection requirements, which are aimed at reducing paperwork and respondent burden. The request is part of the agency’s ongoing effort to ensure that its regulations are efficient and effective.
The specific information collection requirements being proposed or continuing include [insert information on the number of individual/entities from which countries was added]. These requirements are intended to facilitate compliance with U.S. sanctions and anti-money laundering regulations.
Individuals and entities are encouraged to submit comments on the proposed or continuing information collections to OFAC by [insert deadline]. Comments can be submitted online or by mail to the Office of Foreign Assets Control, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220.
This is an opportunity for stakeholders to provide feedback on OFAC’s information collection requirements and help shape the agency’s future regulations.
Referrence link: OFAC link
