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US – Treasury Department removes UAE from list of boycotting countries

By , , and 3 Mins Read

On April 8, 2021, the US Treasury Department published an updated List of Countries Requiring Cooperation With An International Boycott (the “Treasury List”). Significantly, Treasury announced that it had removed the UAE from the Treasury List following the UAE’s repeal of its law requiring participation with the Arab League Boycott of Israel and subsequent implementation of the new policy. In connection with its establishment of full diplomatic ties with Israel last year under the UAE-Israel Abraham Accords,…

US – Biden Administration removes Ansarallah from the SDN List and revokes its designation as a Foreign Terrorist Organization

By , and 2 Mins Read

On February 16, 2021, the US Treasury Department’s Office of Foreign Assets Control (OFAC) removed Ansarallah, a political movement and militia group in Yemen also known as the Houthis, from the Specially Designated Nationals and Blocked Persons List (“SDN List”). Ansarallah had been added to the SDN List on January 19, 2021, as a Foreign Terrorist Organization (“FTO”) and Specially Designated Global Terrorist (“SDGT”). As a result of the removal, US Persons no longer require authorization from…

Trump Administration designates Ansarallah and issues humanitarian general licenses; Biden Administration issues general license temporarily authorizing most Ansarallah transactions

By , and 4 Mins Read

On January 19, 2021, the US State Department designated Ansarallah, a political movement and militia group in Yemen also known as the Houthis, as a Foreign Terrorist Organization (“FTO”) and Specially Designated Global Terrorist (“SDGT”), and also designated three of its leaders as SDGTs. OFAC designated Ansarallah on the Specially Designated Nationals and Blocked Persons List (“SDN List”) and updated the entries for the same individuals on the SDN List who had already been designated under other…

US – OFAC amends Yemen Sanctions Regulations

By 1 Min Read

On October 29, 2020, the Office of Foreign Assets Control (OFAC) published in the Federal Register a final rule amending the Yemen Sanctions Regulations (31 CFR Part 552) and reissuing them in their entirety to further implement Executive Order 13611 of May 16, 2012, “Blocking Property of Persons Threatening the Peace, Security, or Stability of Yemen.” This final rule replaces the regulations that were published in abbreviated form on November 9, 2012, with a more…

US – Treasury updates list of countries cooperating with an international boycott

By 1 Min Read

On October 13, 2020, the Treasury Department published in the Federal Register a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott: Iraq, Kuwait,…

US – CBP imposes emergency import restrictions on archaeological and ethnological material from Yemen

By 2 Mins Read

On February 7, 2020, US Customs and Border Protection (CBP) published in the Federal Register a final rule [CBP Dec. 20-01] that amends the CBP regulations to reflect the imposition of emergency import restrictions on certain archaeological and ethnological material from the Republic of Yemen (Yemen). The Assistant Secretary for Educational and Cultural Affairs, US Department of State, has determined that conditions warrant the imposition of emergency restrictions on categories of archaeological material and ethnological…

US – Treasury publishes list of boycott countries

By 1 Min Read

On October 10, 2019, the Department of the Treasury published in the Federal Register a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to Treasury, the following countries require or may require participation in, or cooperation with, an international boycott: Iraq, Kuwait, Lebanon, Libya,…

US –Receipt of requests from Turkey and Yemen under the UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property

By 2 Mins Read

On October 2, 2019, the Department of State published in the Federal Register a notice [Public Notice: 10907] that the Government of the Republic of Turkey has made a request to the Government of the United States under Article 9 of the 1970 UNESCO Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property. State received this request on September 6, 2019. Turkey’s request seeks US…

US – Treasury lists countries requiring cooperation with an international boycott

By 1 Min Read

On February 6, 2019, the Treasury Department published in the Federal Register  a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to Treasury, the following countries require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3)…

US – Treasury issues list of countries requiring cooperation with an international boycott

By 1 Min Read

On May 16, 2018, the Department of the Treasury published in the Federal Register, in accordance with section 999(a)(3) of the Internal Revenue Code of 1986 (IRC), a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the IRC). On the basis of the best information currently available to Treasury, the following countries require or may require participation in, or…