Happy New Year’s Eve! OFAC publishes Cyber-Related Sanctions Regulations

On New Year's Eve, OFAC published 31 CFR Part 578, aka the Cyber-Related Sanctions Regulations. The OFAC notice notes that these are interim, and that they expect that more comprehensive regulations will replace these, and there will likely be guidance and licensing information forthcoming as well.

Links:

OFAC Notice

Cyber-Related Sanctions Regulations

 

Cyber Attacks Not an April Fool: New Executive Order

No designations yet, but yesterday OFAC published a notice of a new Executive Order establishing a new sanctions program for individuals involved in cyber attacks and the like:

This authority allows for the imposition of sanctions on individuals and entities determined to be responsible for or complicit in malicious cyber-enabled activities that result in enumerated harms that are reasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial stability of the United States.

Links:

OFAC Notice

Executive Order