On April 21, 2016, the Federal Register published Executive Order 13726 of April 19, 2016 – Blocking Property and Suspending Entry Into the United States of Persons Contributing to the Situation in Libya. The Executive Order (EO) expands the scope of the national emergency declared in Executive Order 13566 of February 25, 2011, finding that the ongoing violence in Libya, including attacks by armed groups against Libyan state facilities, foreign missions in Libya, and…
On April 8, 2016, 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 the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott:…
On February 24, 2016, the Federal Register published Presidential Notice of February 22, 2016 – Continuation of the National Emergency With Respect to Libya, which extends the measures first established by Executive Order (EO) 13566 (February 25, 2011) for an additional year. In EO 13396, the President declared a national emergency, to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States constituted by the actions…
On January 27, 2016, 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 (within the…
On December 9, 2014, 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 the Department of the Treasury, the following countries require or may require participation in, or cooperation with, such an international…
During the past week, the following notices adding, removing or continuing persons (including entities) to/from restrictive measures lists were published in the Federal Register by the Office of Foreign Assets Control (OFAC) or by the Bureau of Industry and Security (BIS): F.R. Date Applicable orders 09-15-14 OFAC: Update of Entities and Vessels Identified Pursuant to the Iranian Transactions and Sanctions Regulations and Executive Order 13599 (N) [Eight entities and eight vessels] OFAC: Sanctions Actions…
On February 24, 2014, the Treasury Department published in the Federal Register, in accordance with section 999(a)(3) of the Internal Revenue Code of 1986, 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…
On February 24, 2014, the Federal Register published the Notice of February 20, 2014 – Continuation of the National Emergency With Respect to Libya. The notice recognizes that the US is in the process of winding down sanctions in response to developments in Libya, including the fall of Qadhafi and his government and the establishment of a democratically elected government. The US is working closely with the new Libyan government and with the international community…
On October 9, 2013, the Canada Gazette published the Regulations Amending the Regulations Implementing the United Nations Resolutions on Libya (SOR/2013-160 September 30, 2013), the purpose of which is to bring Canada in line with its international legal obligations created by measures taken by the UN Security Council (UNSC) under Chapter VII of the Charter of the United Nations, namely the decisions taken by the UNSC in Resolution 2095 (2013). These Regulations will be tabled…