International Criminal Court-Related Sanctions Regulations
Summary
This regulation allows the U.S. government to freeze assets and ban business dealings with people and organizations that interfere with the International Criminal Court or commit serious crimes like genocide and war crimes. It gives the U.S. Treasury Department power to punish individuals and entities that obstruct justice or support those accused of major human rights violations.
Key Points
- 1The U.S. can now freeze bank accounts and seize property of people who interfere with the International Criminal Court's investigations or prosecutions
- 2Americans and U.S. companies are banned from doing business with sanctioned individuals and organizations, including financial transactions and trade
- 3The sanctions target people accused of serious crimes such as genocide, crimes against humanity, war crimes, and human trafficking
- 4The Treasury Department's Office of Foreign Assets Control (OFAC) enforces these rules and can add or remove people from the sanctions list
- 5Violations can result in significant penalties including fines up to $250,000 or more and potential criminal charges
Impact Assessment
If you are a Financial Institution, this means you must implement screening procedures to identify and block transactions with designated individuals and entities, or face civil and criminal penalties.
International
Significant
Key Dates
July 1, 2025
Regulatory Connections
Transnational Criminal Organizations Sanctions Regulations Web General License 1
Russian Harmful Foreign Activities Sanctions Regulations Web General License 129
Russian Harmful Foreign Activities Sanctions Regulations Web General License 13O
Russian Harmful Foreign Activities Sanctions Regulations Web General License 132
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.