Your Sanctions Audit Trail Has to Survive a Ten-Year Lookback

At a Glance OFAC Doubled the Retention Period in 2025 On March 12, 2025, OFAC’s extended recordkeeping requirement took effect, doubling the retention period for records of transactions subject to its regulations from five years to ten. The final rule followed an interim rule published in September 2024 and adopted it without change. The driver…