Deadline Approaching for OFAC Blocked Property Reports

Companies should prepare for the annual Sept. 30 deadline for filing reports on blocked property to the Office of Foreign Assets Control, Davis Wright said in a client alert last week. The law firm also noted that an interim final rule issued by OFAC in May requires filers of blocked property to now only submit those documents electronically instead of through mail, along with other "new requirements" for reports of blocked property and rejected transactions (see 2405080023).