regulation
Reminder to File the 2026 Annual Report of Blocked Property | OFAC
OFAC reminds U.S. persons holding blocked property to file an annual report by September 30, 2026. This regulation impacts entities with assets under U.S. sanctions.
AS1 NewsSource: ofac.treasury.gov
The Office of Foreign Assets Control (OFAC) has issued a reminder that U.S. persons holding property that is blocked under OFAC regulations as of June 30, 2026, must file an Annual Report of Blocked Property (ARBP) by September 30, 2026. This requirement is part of the regulations outlined in 31 C.F.R. § 501.603 of the RPPR. Property that has been unblocked through licenses or was previously blocked under terminated sanctions programs is not subject to this reporting. Entities must submit their reports using the TD-F 90-22.50 spreadsheet via the OFAC Reporting System. Failure to comply could result in violations of the regulations. This notice is relevant for crypto companies and investors managing assets that may be subject to U.S. sanctions, emphasizing the importance of regulatory compliance in the crypto space.
The reminder underscores the ongoing regulatory obligations for crypto-related assets under U.S. sanctions, potentially affecting compliance strategies.