[Federal Register Volume 90, Number 184 (Thursday, September 25, 2025)]
[Rules and Regulations]
[Pages 46056-46060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-18618]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 569


Amendment to the Syria-Related Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is changing the heading of the Syria-Related Sanctions 
Regulations to the Promoting Accountability for Assad and Regional 
Stabilization Sanctions Regulations and amending the renamed 
regulations to implement a January 15, 2025 Syria-related Executive 
order and a June 30, 2025 Syria-related Executive order.

DATES: This rule is effective September 25, 2025.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Regulatory Affairs, 202-622-4855; or https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: https://ofac.treasury.gov.

Background

    On June 5, 2020, OFAC issued the Syria-Related Sanctions 
Regulations, 31 CFR part 569 (85 FR 34510, June 5, 2020) (the 
``Regulations''), to implement Executive Order (E.O.) 13894 of October 
14, 2019, ``Blocking Property and Suspending Entry of Certain Persons 
Contributing to the Situation in Syria'' (84 FR 55851, October 17, 
2019), pursuant to authorities delegated to the Secretary of the 
Treasury in E.O. 13894. In E.O. 13894, the President determined that 
the situation in and in relation to Syria, and in particular certain 
actions by the Government of T[uuml]rkiye to conduct a military 
offensive in northeast Syria, undermined the campaign to defeat the 
Islamic State of Iraq and Syria (``ISIS''), endangered civilians, and 
further threatened to undermine the peace, security, and stability in 
the region, and thereby constituted an unusual and extraordinary threat 
to the national security and foreign policy of

[[Page 46057]]

the United States, and declared a national emergency to deal with that 
threat.
    On January 15, 2025, the President, invoking the authority of, 
inter alia, the International Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.) (IEEPA), issued E.O. 14142 of January 15, 2025, ``Taking 
Additional Steps with Respect to the Situation in Syria'' (90 FR 6709, 
January 17, 2025). In E.O. 14142, the President amended E.O. 13894 to 
account for changing circumstances on the ground in Syria by removing 
references to the Government of T[uuml]rkiye or the Turkish economy.
    On June 30, 2025, the President issued E.O. 14312 of June 30, 2025, 
``Providing for the Revocation of Syria Sanctions'' (90 FR 29395, July 
3, 2025) to, among other objectives, remove sanctions on Syria without 
providing relief to ISIS or other terrorist organizations, human rights 
abusers, those linked to chemical weapons or proliferation-related 
activities, or other persons that threaten the peace, security, or 
stability of the United States, Syria, and its neighbors. In E.O. 
14312, the President found that the circumstances that gave rise to the 
actions taken in the Executive orders imposing sanctions on Syria 
pursuant to the national emergency declared in E.O. 13338, related to 
the policies and actions of the former regime of Bashar al-Assad, had 
been transformed by developments over the six months preceding June 30, 
2025, including the positive actions taken by the new Syrian government 
under President Ahmed al-Sharaa, and terminated, effective July 1, 
2025, the national emergency underpinning the Syrian Sanctions 
Regulations, 31 CFR part 542 (70 FR 17201, April 5, 2005). As a result, 
OFAC removed the Syrian Sanctions Regulations from the Code of Federal 
Regulations on August 26, 2025.
    Section 4(a) of E.O. 14312 expands the scope of the national 
emergency declared in E.O. 13894, as amended in and relied on for 
additional steps taken in E.O. 14142, and further amends E.O. 13894 
(``E.O. 13894, as further amended'') to address the threat posed by, 
and to maintain sanctions against, perpetrators of war crimes and human 
rights violations and abuses, and the proliferation of narcotics 
trafficking networks in and in relation to Syria during the former 
regime of Bashar al-Assad and by those associated with it. Accordingly, 
certain persons previously sanctioned under E.O.s that were revoked by 
E.O. 14312 have been redesignated under E.O. 13894, as further amended. 
These persons are therefore subject to sanctions pursuant to the 
Regulations.
    Section 4(b) of E.O. 14312 also amends E.O. 13606 of April 22, 
2012, ``Blocking the Property and Suspending Entry into the United 
States of Certain Persons With Respect to Grave Human Rights Abuses by 
the Governments of Iran and Syria Via Information Technology'' (77 FR 
24571, April 24, 2012), to remove reference to the national emergency 
declared in E.O. 13338 of May 11, 2004, ``Blocking Property of Certain 
Persons and Prohibiting the Export of Certain Goods to Syria'' (69 FR 
26751, May 13, 2004) and instead invoke the national emergency declared 
in E.O. 13894, as further amended. As a result, certain persons 
designated in relation to Syria under E.O. 13606 are also subject to 
sanctions pursuant to the Regulations.

Current Regulatory Action

    OFAC is now amending the Regulations to implement provisions of 
E.O. 13894, as further amended. OFAC is amending the Regulations to add 
E.O. 14142, E.O. 14312, and E.O. 13606 to the authorities citation. 
Additionally, OFAC is amending the authorities section by adding the 
following statutes: the Syria Human Rights Accountability Act of 2012 
(22 U.S.C 8791 et seq., Pub. L. 112-158, Title VII, sec. 705, 126 Stat. 
1268); Section 234 of the Countering America's Adversaries Through 
Sanctions Act (22 U.S.C. 9528(a)); the Caesar Syria Civilian Protection 
Act of 2019 (22 U.S.C. 8791 note, Pub. L. 116-92, Div. F, Title LXXIV, 
133 Stat. 2290); and the Illicit Captagon Trafficking Suppression Act 
of 2023 (50 U.S.C. 1701 note, Pub. L. 118-50, div. P, 138 Stat. 992). 
These statutes will be fully integrated into a more comprehensive set 
of regulations at a future date.
    Furthermore, OFAC is renaming the Syria-Related Sanctions 
Regulations as the Promoting Accountability for Assad and Regional 
Stabilization Sanctions Regulations to reflect the expanded scope of 
the national emergency set forth in E.O. 13894, as further amended. In 
addition to renaming the Regulations, OFAC is modifying the program tag 
used to identify the names of persons added to OFAC's Specially 
Designated Nationals and Blocked Persons List (SDN List) pursuant to 
E.O. 13894, or pursuant to any further Executive orders issued pursuant 
to the national emergency declared in E.O. 13894, including those 
persons redesignated under E.O. 13894, as further amended. OFAC is also 
adding new program tags to identify the names of persons added to the 
SDN List pursuant to E.O. 13606 and certain other statutory 
authorities. Finally, OFAC is updating appendix A to provide the 
regulated public the text of E.O. 13894, as further amended.
    The Regulations remain in abbreviated form at this time for the 
purpose of providing immediate guidance to the public. OFAC intends to 
supplement this part 569 with a more comprehensive set of regulations, 
which may include additional interpretive guidance and definitions, 
general licenses, and other regulatory provisions.

Public Participation

    Because the Regulations involve a foreign affairs function, the 
provisions of E.O. 12866 of September 30, 1993, ``Regulatory Planning 
and Review'' (58 FR 51735, October 4, 1993), as amended, and the 
Administrative Procedure Act (5 U.S.C. 553) requiring notice of 
proposed rulemaking, opportunity for public participation, and delay in 
effective date, as well as the provisions of E.O. 14192 of January 31, 
2025, ``Unleashing Prosperity Through Deregulation'' (90 FR 6065, 
February 6, 2025) and E.O. 14219 of February 19, 2025, ``Ensuring 
Lawful Governance and Implementing the President's `Department of 
Government Efficiency' Deregulatory Initiative'' (90 FR 10583, February 
25, 2025) are inapplicable. Because no notice of proposed rulemaking is 
required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601-
612) does not apply.

Executive Order 14294

    Section 5 of E.O. 14294 of May 9, 2025, ``Fighting 
Overcriminalization in Federal Regulations'' (90 FR 20367, May 14, 
2025) directs that all future notices of proposed rulemaking (NPRMs) 
and final rules published in the Federal Register, the violation of 
which may constitute criminal regulatory offenses, should include a 
statement identifying that the rule or proposed rule is a criminal 
regulatory offense and the authorizing statute. E.O. 14294 directs 
agencies to draft this statement in consultation with the Department of 
Justice.
    E.O. 14294 further directs that the regulatory text of all NPRMs 
and final rules with criminal consequences published in the Federal 
Register after May 9, 2025 should explicitly state a mens rea 
requirement for each element of a criminal regulatory offense, 
accompanied by citations to the relevant provisions of the authorizing 
statute.
    Willful violations of the regulations set forth in this final rule 
may be subject to criminal penalties pursuant to 50 U.S.C. 1705 and 
regulations promulgated thereunder. The statutory

[[Page 46058]]

authority for criminal liability requires a mens rea of willfulness as 
an element pursuant to 50 U.S.C. 1705(c). In drafting this statement, 
OFAC has consulted with the Department of Justice.

Paperwork Reduction Act

    The collections of information related to the Regulations are 
contained in 31 CFR part 501 (the ``Reporting, Procedures and Penalties 
Regulations''). Pursuant to the Paperwork Reduction Act of 1995 (44 
U.S.C. 3507), those collections of information have been approved by 
the Office of Management and Budget under control number 1505-0164. An 
agency may not conduct or sponsor, and a person is not required to 
respond to, a collection of information unless the collection of 
information displays a valid control number.

List of Subjects in 31 CFR Part 569

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Credit, Foreign trade, Penalties, Reporting and recordkeeping 
requirements, Sanctions, Services, Syria.

    For the reasons set forth in the preamble, OFAC amends 31 CFR part 
569 as follows:

PART 569--PROMOTING ACCOUNTABILITY FOR ASSAD AND REGIONAL 
STABILIZATION SANCTIONS REGULATIONS

0
1. Revise the heading of part 569 to read as set forth above.

0
2. The authority citation for part 569 is revised to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et 
seq., 1701 et seq.; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 
890, as amended); 22 U.S.C. 8791 et seq. (Pub. L. 112-158, Title 
VII, sec. 705, 126 Stat. 1268); 22 U.S.C. 8791 note (Pub. L. 116-92, 
Div. F, Title LXXIV, 133 Stat. 2291); 22 U.S.C. 9528(a); 50 U.S.C. 
1701 note (Pub. L. 118-50, div. P, 138 Stat. 992); E.O. 13606, 77 FR 
24571, 3 CFR 2012 Comp., p. 243, E.O. 13894, 84 FR 55851, 3 CFR, 
2019 Comp., p. 382, E.O. 14142, 90 FR 6709, E.O. 14312, 90 FR 29395.

Subpart B--Prohibitions

0
3. Revise and republish Note 1, Note 2, and Note 4 to Sec.  569.201 to 
read as follows:
* * * * *
    Note 1 to Sec.  569.201. The names of persons designated or 
identified as blocked pursuant to E.O. 13894, E.O. 13606, or any 
further Executive orders issued pursuant to the national emergency 
declared in E.O 13894, whose property and interests in property 
therefore are blocked pursuant to this section, are published in the 
Federal Register and incorporated into OFAC's Specially Designated 
Nationals and Blocked Persons List (SDN List) using the following 
identifiers: for E.O. 13894: ``[PAARSSR-EO13894]''; for E.O. 13606: 
``[HRIT-SY]''; and for any further Executive orders issued pursuant 
to the national emergency declared in 13894: using the identifier 
formulation ``[PAARSSR-E.O.[E.O. number pursuant to which the 
person's property and interests in property are blocked]].'' The 
names of persons designated or identified as blocked pursuant to the 
Caesar Syria Civilian Protection Act of 2019 (``Caesar Act''), whose 
property and interests in property therefore are blocked pursuant to 
this section, are published in the Federal Register and incorporated 
into the SDN List with the identifier ``[SYRIA-CAESAR].'' Certain 
transactions with persons blocked pursuant to this section may 
result in the imposition of secondary sanctions pursuant to the 
Caesar Act, and therefore such blocked persons' entries on the SDN 
List will be updated to include the descriptive prefix text 
``Secondary sanctions risk:'', followed by information about the 
applicable secondary sanctions authority. The SDN List is accessible 
through the following page on OFAC's website: www.treasury.gov/sdn. 
Additional information pertaining to the SDN List can be found in 
appendix A to this chapter. See Sec.  569.406 concerning entities 
that may not be listed on the SDN List but whose property and 
interests in property are nevertheless blocked pursuant to this 
section.
    Note 2 to Sec.  569.201. Section 203 of the of the International 
Emergency Economic Powers Act (50 U.S.C. 1702) authorizes the 
blocking of property and interests in property of a person during 
the pendency of an investigation. Except as described in note 3 to 
this section, the names of persons whose property and interests in 
property are blocked pending investigation pursuant to this section 
are published in the Federal Register and incorporated into the SDN 
List using the following identifiers: for E.O. 13894: ``[BPI-
PAARSSR-EO13894]''; for E.O. 13606: ``[BPI-HRIT-SY]''; for the 
Caesar Syria Civilian Protection Act of 2019: ``[BPI-CAESAR]''; or 
for any further Executive orders issued pursuant to the national 
emergency declared in E.O. 13894: using the identifier formulation 
``[BPI-PAARSSR-EO[E.O. number pursuant to which the person's 
property and interests in property are blocked pending 
investigation]].''
* * * * *
    Note 4 to Sec.  569.201. The names of persons determined by the 
Secretary of State to meet the criteria for the imposition of non-
blocking sanctions pursuant to E.O. 13894, or any further Executive 
orders issued pursuant to the national emergency declared in E.O. 
13894, will be incorporated into a data file containing OFAC's 
Consolidated Non-SDN data and will also be provided in a human 
readable format on the following page on OFAC's website: 
www.treasury.gov/cons. These listings will include specific 
information on the sanctions imposed on such persons pursuant to 
E.O. 13894, or any further Executive orders issued pursuant to the 
national emergency declared in E.O. 13894. However, for any persons 
determined to meet the criteria for the imposition of blocking 
sanctions pursuant to E.O. 13894, or any further Executive orders 
issued pursuant to the national emergency declared in E.O. 13894, 
where the Secretary of State chooses to impose the blocking 
sanctions described in E.O. 13894, or any further Executive orders 
issued pursuant to the national emergency declared in E.O. 13894, 
such persons' names will instead be incorporated into OFAC's SDN 
List using the identifier ``[PAARSSR-EO[E.O. number pursuant to 
which the person's property and interests in property are 
blocked]]''. The names of persons determined to meet the criteria 
for the imposition of sanctions pursuant to E.O. 13894, or any 
further Executive orders issued pursuant to the national emergency 
declared in E.O. 13894, will be published in the Federal Register 
along with the applicable sanctions that have been imposed on such 
persons under that section.
* * * * *

Subpart E--Licenses, Authorizations, and Statements of Licensing 
Policy


Sec.  569.501  [Amended]

0
4. Amend Sec.  569.501 by removing ``Syria-related sanctions page'' and 
adding in its place ``Promoting Accountability for Assad and Regional 
Stabilization Sanctions page''.

Subpart H--Procedures

0
5. Revise and republish Sec.  569.802 to read as follows:


Sec.  569.802  Delegation of certain authorities of the Secretary of 
the Treasury.

    Any action that the Secretary of the Treasury is authorized to take 
pursuant to Executive Order 13894 of October 14, 2019 (E.O. 13894), and 
any further Executive orders relating to the national emergency 
declared therein, and any action that the Secretary of the Treasury is 
authorized to take pursuant to the Presidential Memorandum of October 
9, 2012: Delegation of Certain Functions and Authorities under the Iran 
Threat Reduction and Syria Human Rights Act of 2012; the Presidential 
Memorandum of September 29, 2017: Memorandum on Delegation of Certain 
Functions and Authorities Under the Countering America's Adversaries 
Through Sanctions Act of 2017, the Ukraine Freedom Support Act of 2014, 
and the Support for the Sovereignty, Integrity, Democracy, and Economic 
Stability of Ukraine Act of 2014; the Presidential Memorandum of March 
31, 2020: Delegation of Certain Functions and Authorities Under the 
National Defense Authorization Act for Fiscal Year 2020; or the 
Presidential Memorandum of September 13, 2024: Delegation of Certain 
Sanctions-Related Authorities Under Public Law 118-50, may be taken by 
the Director of OFAC or by any other

[[Page 46059]]

person to whom the Secretary of the Treasury has delegated authority so 
to act.

0
6. Appendix A is revised to read as follows:

Appendix A to Part 569--Executive Order 13894, as Further Amended 
Executive Order 13894 of October 14, 2019, as Further Amended by 
Executive Order 14142 of January 15, 2025 and Executive Order 14312 of 
June 30, 2025 Blocking Property and Suspending Entry of Certain Persons 
Contributing to the Situation in Syria

    By the authority vested in me as President by the Constitution 
and the laws of the United States of America, including the 
International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) 
(IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) 
(NEA), section 212(f) of the Immigration and Nationality Act of 1952 
(8 U.S.C. 1182(f)), and section 301 of title 3, United States Code,
    I, DONALD J. TRUMP, President of the United States of America, 
find that the situation in and in relation to Syria undermines the 
campaign to defeat the Islamic State of Iraq and Syria, or ISIS, 
endangers civilians, and further threatens to undermine the peace, 
security, and stability in the region, and thereby constitutes an 
unusual and extraordinary threat to the national security and 
foreign policy of the United States. I hereby declare a national 
emergency to deal with that threat. I hereby determine and order:
    Section 1. (a) All property and interests in property that are 
in the United States, that hereafter come within the United States, 
or that are or hereafter come within the possession or control of 
any United States person of the following persons are blocked and 
may not be transferred, paid, exported, withdrawn, or otherwise 
dealt in:
    (i) any person determined by the Secretary of the Treasury, in 
consultation with the Secretary of State:
    (A) to be responsible for or complicit in, or to have directly 
or indirectly engaged in, or attempted to engage in, any of the 
following in or in relation to Syria:
    (1) actions or policies that further threaten the peace, 
security, stability, or territorial integrity of Syria; or
    (2) the commission of serious human rights abuse;
    (B) to be a former government official of the former regime of 
Bashar al-Assad or a person who acted for or on behalf of such an 
official;
    (C) to have engaged in, or attempted to engage in, activities or 
transactions that have materially contributed to, or pose a 
significant risk of materially contributing to, the illicit 
production and international illicit proliferation of captagon;
    (D) to be responsible for or complicit in, to have directly or 
indirectly engaged in, or to be responsible for ordering, 
controlling, or otherwise directing, instances in which a United 
States national ((i) as defined in 8 U.S.C. 1101(a)(22) or 8 U.S.C. 
1408, or (ii) a lawful permanent resident with significant ties to 
the United States) went missing in Syria during the former regime of 
Bashar al-Assad;
    (E) to have materially assisted, sponsored, or provided 
financial, material, or technological support for, or goods or 
services to or in support of,
    (1) the former regime of Bashar al-Assad;
    (2) any activity described in subsections (a)(i)(A)-(a)(i)(D) of 
this section; or
    (3) any person whose property and interests in property are 
blocked pursuant to this order;
    (F) to be owned or controlled by, or to have acted or purported 
to act for or on behalf of, directly or indirectly, any person whose 
property and interests in property are blocked pursuant to this 
order; or
    (G) to be an adult family member of a person designated under 
subsections (a)(i)(A)-(a)(i)(D) of this section.
    (b) The prohibitions in subsection (a) of this section apply 
except to the extent provided by statutes, or in regulations, 
orders, directives, or licenses that may be issued pursuant to this 
order, and notwithstanding any contract entered into or any license 
or permit granted before the date of this order.
    Sec. 2. (a) The Secretary of State, in consultation with the 
Secretary of the Treasury and other officials of the United States 
Government as appropriate, is hereby authorized to impose on a 
foreign person any of the sanctions described in subsections (b) and 
(c) of this section, upon determining that the person, on or after 
the date of this order:
    (i) is responsible for or complicit in, has directly or 
indirectly engaged in, or attempted to engage in, or financed the 
obstruction, disruption, or prevention of efforts to promote a Syria 
that is stable, unified, and at peace with itself and its neighbors, 
including:
    (A) the convening and conduct of a credible and inclusive 
Syrian-led constitutional process;
    (B) the preparation for and conduct of supervised elections, 
pursuant to the new constitution, that are free and fair and to the 
highest international standards of transparency and accountability; 
or
    (C) the development of a Syrian government that is 
representative and reflects the will of the Syrian people;
    (ii) is an adult family member of a person designated under 
subsection (a)(i) of this section; or
    (iii) is responsible for or complicit in, or has directly or 
indirectly engaged in, or attempted to engage in, the expropriation 
of property, including real property, for personal gain or political 
purposes in Syria.
    (b) When the Secretary of State, in accordance with the terms of 
subsection (a) of this section, has determined that a person meets 
any of the criteria described in that subsection and has selected 
one or more of the sanctions set forth below to impose on that 
person, the heads of relevant departments and agencies, in 
consultation with the Secretary of State, as appropriate, shall 
ensure that the following actions are taken where necessary to 
implement the sanctions selected by the Secretary of State:
    (i) agencies shall not procure, or enter into a contract for the 
procurement of, any goods or services from the sanctioned person; or
    (ii) the Secretary of State shall direct the denial of a visa 
to, and the Secretary of Homeland Security shall exclude from the 
United States, any alien that the Secretary of State determines is a 
corporate officer or principal of, or a shareholder with a 
controlling interest in, a sanctioned person.
    (c) When the Secretary of State, in accordance with the terms of 
subsection (a) of this section, has determined that a person meets 
any of the criteria described in that subsection and has selected 
one or more of the sanctions set forth below to impose on that 
person, the Secretary of the Treasury, in consultation with the 
Secretary of State, shall take the following actions where necessary 
to implement the sanctions selected by the Secretary of State:
    (i) prohibit any United States financial institution that is a 
U.S. person from making loans or providing credits to the sanctioned 
person totaling more than $10,000,000 in any 12-month period, unless 
such person is engaged in activities to relieve human suffering and 
the loans or credits are provided for such activities;
    (ii) prohibit any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which the 
sanctioned person has any interest;
    (iii) prohibit any transfers of credit or payments between 
banking institutions or by, through, or to any banking institution, 
to the extent that such transfers or payments are subject to the 
jurisdiction of the United States and involve any interest of the 
sanctioned person;
    (iv) block all property and interests in property that are in 
the United States, that hereafter come within the United States, or 
that are or hereafter come within the possession or control of any 
United States person of the sanctioned person, and provide that such 
property and interests in property may not be transferred, paid, 
exported, withdrawn, or otherwise dealt in;
    (v) prohibit any United States person from investing in or 
purchasing significant amounts of equity or debt instruments of the 
sanctioned person;
    (vi) restrict or prohibit imports of goods, technology, or 
services, directly or indirectly, into the United States from the 
sanctioned person; or
    (vii) impose on the principal executive officer or officers, or 
persons performing similar functions and with similar authorities, 
of the sanctioned person the sanctions described in subsections 
(c)(i)-(c)(vi) of this section, as selected by the Secretary of 
State.
    (d) The prohibitions in subsections (b) and (c) of this section 
apply except to the extent provided by statutes, or in regulations, 
orders, directives, or licenses that may be issued pursuant to this 
order, and notwithstanding any contract entered into or any license 
or permit granted before the date of this order.
    Sec. 3. (a) The Secretary of the Treasury, in consultation with 
the Secretary of State, is hereby authorized to impose on a foreign 
financial institution the sanctions described

[[Page 46060]]

in subsection (b) of this section upon determining that the foreign 
financial institution knowingly conducted or facilitated any 
significant financial transaction for or on behalf of any person 
whose property and interests in property are blocked pursuant to 
section 1 of this order.
    (b) With respect to any foreign financial institution determined 
by the Secretary of the Treasury, in accordance with this section, 
to meet the criteria set forth in subsection (a) of this section, 
the Secretary of the Treasury may prohibit the opening, and prohibit 
or impose strict conditions on the maintaining, in the United States 
of a correspondent account or a payable-through account by such 
foreign financial institution.
    (c) The prohibitions in subsection (b) of this section apply 
except to the extent provided by statutes, or in regulations, 
orders, directives, or licenses that may be issued pursuant to this 
order, and notwithstanding any contract entered into or any license 
or permit granted before the date of this order.
    Sec. 4. The unrestricted immigrant and nonimmigrant entry into 
the United States of aliens determined to meet one or more of the 
criteria in subsection 1(a) or 2(a) of this order, or aliens for 
which the sanctions under subsection 2(b)(ii) have been selected, 
would be detrimental to the interests of the United States, and the 
entry of such persons into the United States, as immigrants or 
nonimmigrants, is hereby suspended, except where the Secretary of 
State determines that the entry of the person into the United States 
would not be contrary to the interests of the United States, 
including when the Secretary so determines, based on a 
recommendation of the Attorney General, that the person's entry 
would further important United States law enforcement objectives. In 
exercising this responsibility, the Secretary of State shall consult 
the Secretary of Homeland Security on matters related to 
admissibility or inadmissibility within the authority of the 
Secretary of Homeland Security. Such persons shall be treated in the 
same manner as persons covered by section 1 of Proclamation 8693 of 
July 24, 2011 (Suspension of Entry of Aliens Subject to United 
Nations Security Council Travel Bans and International Emergency 
Economic Powers Act Sanctions). The Secretary of State shall have 
the responsibility for implementing this section pursuant to such 
conditions and procedures as the Secretary has established or may 
establish pursuant to Proclamation 8693.
    Sec. 5. I hereby determine that the making of donations of the 
types of articles specified in section 203(b)(2) of IEEPA (50 U.S.C. 
1702(b)(2)) by, to, or for the benefit of any person whose property 
and interests in property are blocked pursuant to section 1 of this 
order would seriously impair my ability to deal with the national 
emergency declared in this order, and I hereby prohibit such 
donations as provided by section 1 of this order.
    Sec. 6. The prohibitions in sections 1 and 2 of this order 
include:
    (a) the making of any contribution or provision of funds, goods, 
or services by, to, or for the benefit of any person whose property 
and interests in property are blocked pursuant to this order; and
    (b) the receipt of any contribution or provision of funds, 
goods, or services from any such person.
    Sec. 7. (a) Any transaction that evades or avoids, has the 
purpose of evading or avoiding, causes a violation of, or attempts 
to violate any of the prohibitions set forth in this order is 
prohibited.
    (b) Any conspiracy formed to violate any of the prohibitions set 
forth in this order is prohibited.
    Sec. 8. For the purposes of this order:
    (a) The term ``entity'' means a partnership, association, trust, 
joint venture, corporation, group, subgroup, or other organization;
    (b) the term ``foreign financial institution'' means any foreign 
entity that is engaged in the business of accepting deposits, 
making, granting, transferring, holding, or brokering loans or 
credits, or purchasing or selling foreign exchange, securities, 
commodity futures or options, or procuring purchasers and sellers 
thereof, as principal or agent. The term includes depository 
institutions, banks, savings banks, money service businesses, trust 
companies, securities brokers and dealers, commodity futures and 
options brokers and dealers, forward contract and foreign exchange 
merchants, securities and commodities exchanges, clearing 
corporations, investment companies, employee benefit plans, dealers 
in precious metals, stones, or jewels, and holding companies, 
affiliates, or subsidiaries of any of the foregoing. The term does 
not include the international financial institutions identified in 
22 U.S.C. 262r(c)(2), the International Fund for Agricultural 
Development, the North American Development Bank, or any other 
international financial institution so notified by the Secretary of 
the Treasury;
    (c) the term ``knowingly,'' with respect to conduct, a 
circumstance, or a result, means that a person has actual knowledge, 
or should have known, of the conduct, the circumstance, or the 
result;
    (d) the term ``person'' means an individual or entity;
    (e) the term ``United States person'' or ``U.S. person'' means 
any United States citizen, permanent resident alien, entity 
organized under the laws of the United States or any jurisdiction 
within the United States (including foreign branches), or any person 
in the United States; and
    Sec. 9. For those persons whose property and interests in 
property are blocked pursuant to this order who might have a 
constitutional presence in the United States, I find that because of 
the ability to transfer funds or other assets instantaneously, prior 
notice to such persons of measures to be taken pursuant to this 
order would render those measures ineffectual. I therefore determine 
that for these measures to be effective in addressing the national 
emergency declared in this order, there need be no prior notice of a 
listing or determination made pursuant to this order.
    Sec. 10. The Secretary of the Treasury, in consultation with the 
Secretary of State, is hereby authorized to take such actions, 
including the promulgation of rules and regulations, and to employ 
all powers granted to the President by IEEPA as may be necessary to 
carry out the purposes of this order. The Secretary of the Treasury 
may, consistent with applicable law, redelegate any of these 
functions within the Department of the Treasury. All departments and 
agencies of the United States shall take all appropriate measures 
within their authority to implement this order.
    Sec. 11. The Secretary of the Treasury, in consultation with the 
Secretary of State, is hereby authorized to submit the recurring and 
final reports to the Congress on the national emergency declared in 
this order, consistent with section 401(c) of the NEA (50 U.S.C. 
1641(c)), and section 204(c) of IEEPA (50 U.S.C. 1703(c)).
    Sec. 12. (a) Nothing in this order shall be construed to impair 
or otherwise affect:
    (i) the authority granted by law to an executive department or 
agency, or the head thereof; or
    (ii) the functions of the Director of the Office of Management 
and Budget relating to budgetary, administrative, or legislative 
proposals.
    (b) This order shall be implemented consistent with applicable 
law and subject to the availability of appropriations.
    (c) This order is not intended to, and does not, create any 
right or benefit, substantive or procedural, enforceable at law or 
in equity by any party against the United States, its departments, 
agencies, or entities, its officers, employees, or agents, or any 
other person.

Bradley T. Smith,
Director, Office of Foreign Assets Control. Department of the Treasury.
[FR Doc. 2025-18618 Filed 9-24-25; 8:45 am]
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