On September 19, 2025, the OFAC published a new Unblocking/Transfer Report Form to support compliance with reporting requirements under the Reporting, Procedures and Penalties Regulations. According to the OFAC, the new form offers a simplified way to report property that has been unblocked or transferred, which eases the burden on filers and improves OFAC's processing efficiency.
The OFAC encourages the use of its designated reporting form, although its use is optional. Completed reports should be submitted via email to OFACReport@treasury.gov.
The notice can be found here.
The form can be downloaded from the OFAC’s website here.