On January 12th, the Treasury Department's Office of Foreign Assets Control ("OFAC") issued regulations implementing Executive Order 13581 of July 24, 2011 ("Blocking Property of Transnational Criminal Organizations"). OFAC will supplement these regulations with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy. OFAC also is amending other regulations to clarify the availability of general licenses on OFAC's website. The regulations are effective immediately. 77 FR 1864.