🌍Countries Requiring Cooperation With International Boycotts
The Department of the Treasury has published a list of countries that may necessitate U.S. business participation in international boycotts as per the Internal Revenue Code. The listed countries include Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. This notice is vital for businesses engaged in international trade or operations in these regions.
Learn More🚫OFAC Sanctions Notice
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons and vessels that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. Additionally, OFAC is revising the entry of a vessel identified as blocked property on OFAC's SDN List. All property and interests in property subject to U.S. jurisdiction of these persons and vessels are blocked, and U.S. persons generally are prohibited from engaging in transactions with them.
Learn More🌍Countries Requiring Cooperation With International Boycotts
The Department of the Treasury publishes a list of countries necessitating participation in or cooperation with an international boycott as per the Internal Revenue Code. The identified countries include Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. This notice provides crucial compliance information for businesses regarding international operations and tax implications.
Learn More🛡️Continuation of National Emergency Regarding Yemen Announced
The President's notice confirms the continuation of the national emergency established by Executive Order 13611 due to ongoing threats to Yemen's peace and stability. This measure will remain in effect as indicated by the President's authority under the National Emergencies Act, emphasizing concerns over Yemen's government policies and their implications for U.S. interests.
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