🚨Executive Order Targets Cartels as Foreign Terrorist Organizations
Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists
Summary
Executive Order 14157 establishes a process for designating international cartels and other organizations as Foreign Terrorist Organizations, recognizing their threat to U.S. national security and economy. The order mandates operational preparations to eliminate these entities’ influence and outlines a national emergency response to safeguard the safety and territorial integrity of the United States.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
The Executive Order designates international cartels and associated organizations as threats to national security, which can lead to stricter regulations and compliance requirements for businesses, particularly those operating in affected industries. The existence of a national emergency will likely impact economic relations and create compliance costs for businesses involved in cross-border activities.